Somini Sengupta of The New York Times argues that with mobile phones containing "the essentials of what we need to make transactions," cash and credit cards will soon be a thing of the past. I love the examples of the "Post-Cash, Post-Credit-Card Economy" she gives below:
You walk into a cafe, order a macchiato, give your name to the barista and let him give you the once-over. That's it. Payment made.
At Home Depot on a purposeful Sunday, you load your cart with lumber and light bulbs and instead of pulling out your wallet, you type in your cellphone number and a PIN. Payment made.
In London, travelers can buy train tickets with their phones -- and hold up the phones for the conductor to see. And in Starbucks coffee shops here in the United States, customers can wave their phones in front of the cash register and without even an abracadabra, pay for their soy chai lattes.
|Returning to a One Planet Civilization|
|In Less Than a Year We'll Run Out of Internet Addresses|
|Scientists: Now That We Found the Higgs Boson, Light-Speed Travel Possible|
|Ubi: Like iPhone's Siri but for Your Home|
|"This very internationalism that contributed to the apocalyptic disaster that ended the Bronze Age."|
|"Fossil fuel executives want to get a piece of the clean-energy business."|
|Nerf John Wick|
|“There was not only automation but where the suggestion that humans had any control [...] was absent too.”|
|"Most of what kids currently learn at school will probably be irrelevant by the time they are 40."|
|Top 10 Reasons Men Are Scum|
|“The use of AI assistants may dramatically accelerate and broaden what might be looked back on as a global period of cognitive decline.”|
|“That glazed-over look a grandma has at a Vegas slot machine is the same look Facebook chases in its users scrolling the feed.”|
|Loneliness is Not an Old Friend|
|“You can make spaceships much bigger than anything we’ve seen so far in history.”|
|“One of the major concerns with asteroid mining is, of course, getting to the asteroids.”|
|“It's unbelievable how much energy is released.”|