ages of money

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A talk about the five ages of money and why the mobile phone is the distruptive agent that will move us from Money 4.0 to Money 5.0

TRANSCRIPT

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The Five Ages of Money1Please copy and distributeVersion 1, May-31-11We can identify four distinct ages in the history of money. Perhaps technological change is now pushing us into a fifth

CopenhagenFinance IT RegionThe Fifth Element2Please copy and distributeVersion 1, May-31-11The Five Eras of MoneyFrom 1.0 to, yes, 5.0Money 5.0What does it mean?

The Ages of Money3Please copy and distributeVersion 1, May-31-11Money is a unit of account, a means of exchange, a store of value and a mechanism for deferred payment

MoneyA Brief History4Please copy and distributeVersion 1, May-31-11

The First Age: Atoms5Please copy and distributeVersion 1, May-31-11Eliminating the double coincidence of wantsMoney increases the efficiency of tradeLots of things can be moneyLumps of stoneIron toolsCopper ingotsSome things work better than othersGold, silver and a few other things

Some AtomsStandardisation supported trade and growth6Please copy and distributeVersion 1, May-31-11

The Second Age: Atoms about Atoms7Please copy and distributeVersion 1, May-31-11Moving things around is a hassleCollective memoryGrain storesGoldsmithsMove the claim, not the landThe invention of central banking

Some Atoms about Atoms

Monetising the stores of value8Please copy and distributeVersion 1, May-31-11

Third Age: Bits about Atoms9Please copy and distributeVersion 1, May-31-11One of the first uses of the telegraphThe first electronic funds transfersMoney faster than a horse or a train Telegraph traffic peaked in 1929Telegrams ended in 2007But Western Union is still aroundPeople were transferring , $, Dm, But they were all backed with gold and silver

Some Bits about AtomsIdeas born in this era still shape our thinking10Please copy and distributeVersion 1, May-31-11

Fourth Age: Bits about Bits11Please copy and distributeVersion 1, May-31-11The rise of the fiat currencyAll money is e-moneyWell, almost (97.3% in the UK)That e-money is a promise to payThe means of exchange is evolvingWe all know its going mobileRemote control for wallet in the cloudMoving away from fiat currencies?KivasGoldmoney

Some Bits about BitsIt will be the mobile phone that ends cash12Please copy and distributeVersion 1, May-31-11

A Fifth Age? Bits13Please copy and distributeVersion 1, May-31-11Money is about to change againIt may become truly virtual, bits and nothing moreWhat kinds of bits?World of Warcraft gold pieces?Facebook credits?Reputations?BitcoinDigital mining

Some Bits

Zynga had revenues of $850m last year14Please copy and distributeVersion 1, May-31-11Where Next?15Please copy and distributeVersion 1, May-31-11Maybe using notes and coins will be like drinking and driving it will still go on, but nice people wont do it

Just One Example

Winner of the smart banknote design 201116Please copy and distributeVersion 1, May-31-11Thank You17Please copy and distributeVersion 1, May-31-11Any (More) Questions?

Contact Details18Please copy and distributeVersion 1, May-31-11Dave BirchDirectorConsult Hyperiondave.birch@chyp.comtwitter @dgwbirchTomorrows Transactions:thought leadership from Consult Hyperion

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