So what will our currency be 500 years fromnow? I like to think that we might be space tourists and space travel is going well.
Andwhat will we use as currency in space? Well, you know, if you we do a transaction in spacethe distances are quite far.
So if you're on one planet and I'm on another planet andwe do a transaction, considering the theory of relativity like how do you calculate interestrates and what time is relative? Where do you put that clock to calculate interest rates?You would have to build arguably a distributed network throughout the galaxy so that whenyou're doing the transactions you could basically calling on information systems throughoutthe different moons and different planets and it may be that we had to find a new raremetal to use as a currency.
Like what do they use in Star Wars? They use something calledthe Intergalactic Banking Unit or The Credit and that was based on a rare metal.
So it might be that as we start to see spacetourism we have to use some kind of new metal that we find in the galaxy, we might haveto build a distributed network throughout the galaxy so we can verify local transactions.
And even here in America or in the world on the earth we might be building systems whereit's like an energy grid.
We're all plugged into the same grid and we're trading vitaminB and calories and we are rebalancing our energy.
Because if you look throughout thenatural world, energy is the currency of the natural world, the further we get into thefuture maybe money will remain the same and remain as energy.
It's not so crazy to look at science fiction.
In fact the first time the credit card was ever mentioned was in a book in 1887 calledLooking Backwards by a man named Edward Bellamy.
It's about this guy who falls asleep, wakesup in the year 2000 and what does he see? He sees the government creating credit cardsfor their citizens and the government issues money on these credit cards.
And so it wasmore of a socialist utopia, but if you look to the future you can look at what economistssay about the future, but I like to think about what are the science fiction peoplesaying about the future? What is the idea of money in the future? And so some science-fictionwriters say well maybe in the future if you can have a pacemaker embedded into your bodywhy not a payment device? So you just wave your hand over a payment reader.
What abouta reputation chip where you walk into a store and everyone knows your reputation already? I mean that already happens.
I walked intoa store the other day or a restaurant the other day and I took out my cell phone becauseof the maître d' said, "I'm sorry I don't have your reservation.
" And I took out mycell phone and I was just texting my friend you can take your time and the maître d'said, "Well sorry sir like please don't write a negative review on me on Yelp or on Google.
"I said, "I'm not going to do that.
" But to him his reputation was currency.
If I puta negative review on him on Yelp or the Internet I might be intruding or I might be damaginghis future business.
In that case we don't need a brain chip for reputation, reputationis already a currency.