The New York Times' DealB%k section looks at the future of money, explaining how BitCoin even if a potential fad has raised attention to a future digital currency's volatility, security issues and potential regulatory challenges society may have to very soon face.
You go to the grocery store, and when you look for the checkout counter there is none. Theres no place to pay for your groceries because you already did.
When you walked into the store, a sensor identified you, perhaps from a ring or watch you were wearing that transmitted the information. Or perhaps you didnt need to wear anything special. Maybe a device in the store figured out who you were using a combination of facial recognition, 3-D body shape identification and your gait.
Your unique identifier is attached to your digital wallet, which transmits payment for the groceries directly to the store. But you dont pay in dollars. Your wallet has a dozen digital currencies in it, all with different values based on a variety of factors, including loyalty programs. At certain stores, you might pay with their version of frequent-flier miles. At others, you might pay with the equivalent of a virtual credit card except the credit card isnt issued by a traditional bank.
You might also pay with credit that you received through a peer-to-peer online exchange that connects investors with people seeking short- and long-term loans. Thats how you got your mortgage and financed your self-driving car, too.
|Keyboards That Rise Out of Touch-Screen Devices|
|"Lies are a fact of life. But technology may soon make them obsolete."|
|Jeremy Clarkson Explains Amazon Air Prime|
|The Millennials: Confident, Connected, Open to Change|
|“Drone carrying defibrillators could begin operating in Sweden.”|
|“When automation starts displacing lawyers, accountants and bankers, then we might see some push-back.”|
|“A photograph of the last male northern white rhinoceros.”|
|“Astronomers have sent a radio message to a neighbouring star system.”|
|“Governments around the world are dramatically increasing their efforts to manipulate information on social media.”|
|How to Avoid Jury Duty|
|CaptchaTweet: Write Tweets in Captcha Form|
|“A fraudster poses as an attractive woman and encourages a man to masturbate in front of a webcam.”|
|“Semis, not personal cars, are the smartest use of autonomous technology.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|“Facebook has contributed to, and profited from, the erosion of democratic norms in the United States.”|
|Short Story of Similar Objects|
|“The homemade airplane does indeed fly!”|