What will be the currency 1000 years from now

February 5, 2017 no comments Posted in Currency & exchange rates

exchange-rate-for-nerds

How can someone plan so far ahead? I’m already lost when we are talking about what the future will be like in 30 years. But currency is something that exist since a really long time, didn’t change so much and we can basically predict how it will become.

First thing first, what should look like the best currency, let’s have this ideological view about it before getting into this.

exchange-rate-for-nerds

What could be the best currency

The best currency in my opinion is a currency that is private, auditable, fast, cheap to transfer, light and allows you to pay anyone everywhere.

Private : I don’t want anybody to be able to know what I bought, it’s my privacy.

Auditable : I don’t want to hide what I’m buying from 2 entities. The tax responsible agency and the security agency.

Fast : I want to be able to transfer from anywhere to anywhere instantaneously

Cheap : Sending should be free, you don’t need to pay for a transfer, neither when you exchange the currency against another, or a really small amount.

Light : Gold is a good example of something that is not easy to carry.

Allows you to pay anyone anywhere : If nobody accepts this currency, I don’t want it.

This triggers a new question, can we automatically exchange the currency when you pay? Can you force someone to accept this money? Can we create a wallet where you can store an exchange most currencies?

Cultural currency

This is a new concept I wanted to think about, and I think about it while I’m typing so let’s figure out if this can work. Hum… A cultural currency could be distributed to every citizen for free every week and you can either use it or lose it. It allows you to buy art, visit museum and attends many cultural events.

Time currency

If we work to have be able to afford free time, then a time currency would be that when you work you earn enough money to enjoy. “You just earned 4 hours of free time today sir”; Great, let’s do something fun with it, or exchange it at some great or best exchange rate while transferring through a website that can compare, choose and transfer. Or any idea like this.

 

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