• DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • CornichonCornichon(CORN)$0.073096-0.86%
  • StacyStacy(STACY)$0.0007100.00%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
Thursday, August 18, 2022
  • Login
247 Crypto
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
      • BINANCE COIN
      • CARDANO
      • DOGECOIN
      • TETHER
      • XRP
      • POLKADOT
      • BITCOIN CASH
      • LITECOIN
    • ALTCOINS
    • ETHEREUM
  • BLOCKCHAIN
  • EXCHANGES
  • MINING
  • DEFI
  • ANALYSIS
  • SCAM ALERT
  • REGULATIONS
Crypto Live Price
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
      • BINANCE COIN
      • CARDANO
      • DOGECOIN
      • TETHER
      • XRP
      • POLKADOT
      • BITCOIN CASH
      • LITECOIN
    • ALTCOINS
    • ETHEREUM
  • BLOCKCHAIN
  • EXCHANGES
  • MINING
  • DEFI
  • ANALYSIS
  • SCAM ALERT
  • REGULATIONS
No Result
View All Result
247 Crypto
No Result
View All Result
Home Altcoin Polkadot

Miami’s Multiple Money Visions

by 247 Crypto
December 3, 2021
in Polkadot
Reading Time: 4 mins read
A A
0
Share on FacebookShare on Twitter



The excellent collection of essays compiled for CoinDesk’s Future of Money Week began with a perfect summation of where money is going by podcaster Laura Shin: “It’s going to get a lot weirder.”

Related articles

Institutions Trim Down Crypto Investments Amid Regulatory and Geopolitical Uncertainty: CoinShares

March 14, 2022

Ukraine Says It’s Using Crypto Donations To Buy New Military Equipment

March 14, 2022

Having just spent a few days in the madhouse of the non-fungible token (NFT) scene at a series of events on the sidelines of Art Basel in Miami, that prediction seems spot on.

You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. Subscribe to get the full newsletter here.

I’m pleased Laura used the comparative “weirder,” because the truth is money has always been weird.

Regardless of what gold bugs might tell you, all money – whether it’s based on a shiny rock, a piece of paper or bits and bytes – is an imagined phenomenon. Yet, to function, money needs us to collectively believe that is far more lasting and real than something we’ve just conjured out of thin air. Belief is everything.

What makes the current moment weirder and the future weirder still is that this collective belief process is being fragmented. There isn’t just one common expression of money anymore. There are now countless, competing imaginings of money and of new concepts for assets, value and property.

Look at some of the headlines from our Future of Money collection of articles: Daniel Kuhn making “The Transhumanist Case for Crypto,” David Morris arguing that “Memes Are the Future of Money” and Edward Oosterbaan asking the question, “What is Money in the Metaverse?” Taken together what they tell us is that, when it comes to money and value, people’s minds have broken free of the constraints of the traditional, nation-state-led legal framework we’ve worked under for centuries.

This is all possible, of course, because blockchains resolve one of the core problems that any system of money needs to overcome before it can become trusted by the community it serves: the problem of double counting. You don’t need a trusted government to enforce the system and prevent counterfeiting; the protocol does it for us.

Just because people are imagining and deploying multiple new forms of money doesn’t mean, however, they are all going to succeed as lasting, sustainable models. You can imagine something new and put it out there, but to succeed, a big enough community needs to glob onto and use it.

In Miami this week, the excitement and passion around new ideas for NFTs was palpable. But as artists, developers, entrepreneurs and all manner of gold diggers constantly pitched me new ideas for metaverses, games, ticketing solutions, music sharing, you name it, it was hard not to draw parallels with the dot-com bubble or crypto’s own version that phenomenon, the initial coin offering bubble of 2017.

To paraphrase a classic meme of this NFT moment: “We’re NOT all gonna make it.” (wNagmi?)

Still, it’s also true to say that change is also inevitable. There is a Cambrian explosion of innovation underway. A powerful force of rapid evolution has been unleashed. Even if governments and other institutions wanted to maintain the dominance of the old system, they can’t. This is unstoppable.

Get ready to embrace the weird.

Also part of Future of Money Week

Money at the Speed of Thought: How ‘Fast Money’ Will Shape the Future – David Z. Morris

Universal Stablecoins, the End of Cash and CBDCs: 5 Predictions for the Future of Money – J.P. Koning

Miami’s Multiple Money Visions – Michael Casey

Shiba Inu: Memes Are the Future of Money – David Z. Morris

7 Wild Scenarios for the Future of Money – Jeff Wilser

The Downside of Programmable Money – Marc Hochstein

Ethereum in 2022: What Is Money in the Metaverse? – Edward Oosterbaan

The Future of Money: A History – Dan Jeffries

Who Sets the Rules of Bitcoin as Nation-States and Corps Roll In – David Z. Morris

The World Bitcoin Will Build – Cory Klippsten

The Big Miss in the Biden Administration’s Stablecoin Report – Tom Brown

The Radical Pluralism of Money – Matthew Prewitt

Aligning Social and Financial Capital to Create Better Money – Imran Ahmed

The Transhumanist Case for Crypto – Daniel Kuhn

Let the Market Come Up With Better Money Tech – Jim Dorn

Stablecoins’ Tenuous Relationships With Banks – Steven Kelly



Source link

Tags: MiamisMoneyMultipleVisions
Share76Tweet47

Related Posts

Polkadot

Institutions Trim Down Crypto Investments Amid Regulatory and Geopolitical Uncertainty: CoinShares

March 14, 2022
Polkadot

Ukraine Says It’s Using Crypto Donations To Buy New Military Equipment

March 14, 2022
Polkadot

Is Spring here? What weighted sentiments say about Bitcoin, BNB, XRP, Polkadot

March 13, 2022
Polkadot

War in Ukraine could accelerate the growth of the crypto sector

March 10, 2022
Polkadot

The Neutrality of Crypto

March 10, 2022
Polkadot

Crypto Investors Undeterred By Geopolitical Tensions As Inflows Touch $127M

March 8, 2022
No Result
View All Result

Recent Posts

  • Crypto Index Products on ARGENT : ethereum
  • Everything You Need to Know – Press release Bitcoin News
  • There will only ever be a MAXIMUM of 225,000 sats PER PERSON. Stack Sats! : Bitcoin
  • Where Ethereum and Bitcoin Headed After Musk’s Tweet
  • FinCEN Chief Digital Currency Adviser Korver Departs for A16z

Recent Comments

    • Home
    • Disclaimer
    • Privacy Policy
    • DMCA
    • Cookie Privacy Policy
    • Terms and Conditions
    • Contact
    247 CRYPTO

    Copyright © 2021 247 Crypto
    247 Crypto is not responsible for the content of external sites.

    No Result
    View All Result
    • HOME
    • BITCOIN
    • CRYPTO UPDATES
      • GENERAL
        • BINANCE COIN
        • CARDANO
        • DOGECOIN
        • TETHER
        • XRP
        • POLKADOT
        • BITCOIN CASH
        • LITECOIN
      • ALTCOINS
      • ETHEREUM
    • BLOCKCHAIN
    • EXCHANGES
    • MINING
    • DEFI
    • ANALYSIS
    • SCAM ALERT
    • REGULATIONS

    Copyright © 2021 247 Crypto
    247 Crypto is not responsible for the content of external sites.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Do not sell my personal information.
    Cookie settingsACCEPT
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT