In 1993, actor Tom Selleck starred in a series of commercials for AT&T which was called, “You Will.” In these commercials Mr. Selleck was able to predict things we now take for granted — electronic toll booths, purchasing concert tickets digitally and so much more. Very impressive, Mr. Selleck. But I wonder how any of us would do in 2013, predicting the future of money over the NEXT 20 years.
One thing’s for sure. With the advent of digital currency, we have to completely change our thinking of what money is. And what it will be!
This is my special report on the future of money.
The concept of money used to be so much simpler in the olden days. Back then, you could simply barter 20 chickens for that cow. But as time would prove, chickens weren’t an optimal form of money.
History tells us that widespread wars in China, India and the Mediterranean were the impetus for the spontaneous invention of coinage. After all, the governments needed to pay soldiers to fight their wars. Accordingly, money in physical form became the predominant medium of exchange.
Of course, once there was a standard form of currency, it became much easier for the government to assess and collect taxes from the populace.
So it was that money in physical form has been the preferred type of currency for centuries. Whether it’s giant stone money from the Pacific island of Yap. . . Cowry shells from ancient Africa . . . Pieces of eight for pirates. . . Trinkets and beads for the purchase of Manhattan Island . . . Cigarettes for prisoners of war . . . Or even bottles of Tide for modern day drug dealers. Yikes, really?
And if you consider rappers to be the true authority on the topic, nothing but nothing beats Cold Hard Cash Money.
Still, all that’s the here and now of money. But once we cross the paradigm from physical money to digital, you just may be surprised to learn what the future of money will be. It will be you. And I mean that literally.
You will be the money of the future.