The Future of Money
Money will continue to exist in the future,
But there are many possible forms.
92 percent of the world’s currency in use today is in electronic (digital) form using computers and devices like smartphones.
The trend is towards more and more digital and less and less physical.
Physical money might even become obsolete.
One major example of non-physical money is cryptocurrency.
Cryptocurrency is created by “mining” usually using specialized software and hardware.
Originally, users mined Bitcoin on their home computers.
But, over time, this innovative decentralized concept was compromised by the development of expensive mining hardware and software.
This led to a centralization of power on the Bitcoin network and other crypto networks, allowing big money to buy massive amounts of mining machines to earn most of the mining rewards and control the crypto platforms.
Most other crypto activities, especially the larger ones, are also strongly influenced by big money.
But there is also Central Bank Digital Currency (CBDC). Central Bank Digital Currency would make possible the recording and control of most deposits, savings, and transactions. Everything you buy or sell or work for in your life could be recorded, and this lack of anonymity could easily be used to eliminate freedoms.
For example, suppose you eat steak regularly, but the “green” government decides to list red meat as a health risk and a “climate change risk,” due to carbon emissions from cows. They determine by your purchase history (which they now have full access to) that you have contributed more carbon pollution than most people by eating red meat too often. They declare that you must pay a retroactive carbon tax on your past purchases of red meat. Not only that, but your insurance company sends you a letter indicating that you are now a much greater risk. Your insurance is canceled or you have to pay a much higher premium.
With CBDCs in place of physical cash, your savings would never fully be your own. Any (or all) government agencies and/or banks would be able to freeze your ability to transact.
What if you get angry about a particular government policy or a stupid statement by a politician? What if you openly call the system “corrupt” in public?
A “Bureau of Tolerance in Public Discourse” could simply suspend your access to digital money.
So it is clear that digital money can move in the direction of increased freedom for people or it can move toward suppression.
Getting ExoTechnology in use for these platforms will help ensure the direction is toward freedom.
YOU can help make that happen by sharing these videos:
Intro to ExoTech Three+ Minutes
https://exotech.bm/exobrain3-intro-finale
The ExoTech Paradigm Shift Eight+ Minutes
https://exotech.bm/paradigm
Introduction to the Confidential Technical Briefing Six+ Minutes
https://exotech.bm/tech-team-videos/introduction-to-the-confidential-technical-briefing
If anyone might be a prospect to become a team member, contact Juanita Merrill:
Public.Rec.Dir@exotech.bm
For more of my articles, see The ExoFuture Alert
https://exotech.bm/category/the-exofuture-alert
“Any sufficiently advanced technology is indistinguishable from magic.”
Arthur C. Clarke
An ExoTech Ltd shareholder, David achieved a Bachelor of Science degree in Mathematics from Buffalo State College and has worked in a variety of capacities in marketing, publishing and public relations.
He has served in positions as Director/Vice President Media Relations and Executive Director for Zebra Communications, the world's leading provider of feature story public relations campaigns for Industrial and Technology Companies. He has gained extensive experience in media placement, article editing and has conducted email marketing programs during his marketing career.