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.
|Almost 50% of Jobs to be Automated In the Next Two Decades|
|“Automation will inch along but stay off the roads, for now.”|
|AERO E: Charging Your Phone Using the Wind|
|A.I. May Be the Biggest Event in Human History. It May Also Be the Last|
|The Super Capacitor: Environmentally-Friendly, Fast-Charging Batteries out of Graphene|
|“Forget reading the book of life—we’re now learning how to write it.”|
|“The era of climate wars has begun.”|
|"Waymo is reportedly planning to take the next step towards offering a commercial driverless car service in early December."|
|Facebook, Twitter Users Could Face Insurance Hikes|
|The (Very Scary) People of Public Transit|
|“Once artificial-intelligence software is good enough to drive a car, it will be good enough to do a lot of other things too.”|
|How to Avoid Jury Duty|
|Boardwalk Empire: Time Lapse Video|
|Naked Preacher Lady [NSFW]|
|Fake Name Generator|
|“The direction of the cost of storage is less clear and depends on metals prices.”|
|The Hard Sell of Low Tactics|