The End of Money: Counterfeiters, Preachers, Techies, Dreamers--and the Coming Cashless Society
For ages, money has meant little metal disks and rectangular slips of paper. Yet the usefulness of physical moneyâ€”to say nothing of its valueâ€”is coming under fire as never before. Intrigued by the distinct possibility that cash will soon disappear, author andÂ WiredÂ contributing editor David Wolman sets out to investigateÂ the future of moneyâ€¦and how it will affect
In the uneconomically titled chapter of [Marco] Polo’s travelogue, “How the Great Kaan [Kublai Khan] causeth the bark of trees, made into something like paper, to pass for money all over his country,” he described the bizarre arrangement, this slight of hand that somehow wasn’t. Yet the explorer knew full well that for his readers back in Europe, the explanation would likely fall short. “For, tell it how I might, you never would be satisfied t ...more
Anyway, Wolman (an editor for Wired magazine), attempts to avoid using ...more
It was interesting, at least for me, for Mr. Wolman to explore the potential impacts of moving to an all digital currency (such as Bitcoins, or others). From distribution and use benefits to the poor, to privacy and anonymity for all, a future cash-less society has many benefits but just as many pitfalls for broad and wide usage.
It was also ...more
The biggest problem is that he also i ...more
Una delle prime cose da dire su questo libro, è che il titolo è un po’ fuorviante. Non si dovrebbe chiamare The End of Money, ma The End of Cash – Non La fine del denaro, ma La fine del contante: questo è quello che l’autore ha fatto (con successo quasi totale) per un anno intero, e questo è il tema che svilupp ...more
Even his a ...more
you know when you go out to eat with a large group of friends, and the bill comes, and you realize you don't have cash? you know those phone apps that allow you to send money from ...more
...burning banknotes would violate the section of Title 18 of the U.S. Code prohibiting “mutilation of national bank obligations.” You may be able to marshal a free-speech defense...
I've also never considered the opinion from the opposing camp, in favor of alternative currencies, that alternative money can potenti ...more
I knew that merchants were charged for electronic transactions and I knew they were picking it up somewhere, it just never occured to me that it would be in the cash prices for thin ...more
This book doesn't make it make sense, but it presents some interesting ideas about the role of cash money in the scheme of things. Mostly, the author thinks that cash money is a bad idea and that the time is coming when most of our financial transactions will be handled electronically. Cash money costs a lot to create, transport, count, store. Cash money is much more useful to crimina ...more
Well; I thought that this book was about the concept of money as a vehicle to development and freedom but also to doom and slavery; but I found a little essay on how cash is filthy and how we should eradicate it altogether. This author is very entertaining; and takes you to different places in the world where you can see how people live without cash. However; I was looking for some deeper analysis on the whole concept ...more
He told me some things I already knew (98% of money is contaminated with heroine) and some things I didn't (most large currency bills are used almost exclusively for money laundering or the drug trade).
Phone banking has made it possible for Indians in remote ...more
The author admits that he looks forward to a cashless future, but I was hoping for a little more on what that might look like (NFC payments, cryptocurrency like Bitcoin/Litecoin, etc.). Instead, the book was more focused on cash and its demise than what will come after. Still ov ...more
As much as I like the casual narrative style of the book, this is one case where I think I would have really enjoyed a bit more rigorous, if not quite academic, approach to help me better ...more
He has also written for such publications as the New York Times, the New Yorker, the Wall Street Journal, Time, Nature, and Outside. His long-form feature about Egypt’s 2011 uprising was a finalist for a 2012 National Magazine Award for reporting, and his profile of a curr ...more