Programmable Money will Revolutionise the Economy

Money is stupid.

For all the elaborate innovations in modern finance, from intricate derivatives and sprawling Quantitative Easing (QE) programs to complex monetary policy frameworks, our money still has the sophistication of bronze-age coins dressed up in digital disguise.

The technology around storing and transacting money has improved vastly. But our core money itself hasn't evolved.

We are going to discuss a new form of money vaguely taking shape on the horizon. It's called 'Programmable Money'. This isn't intended to be a moral lecture on the virtues or dangers of programmable money. Who has time for that nonsense?

Whether it ends up being good or bad will depend entirely on how it's used. And almost certainly, it will be both.

A great example of that is ammonia. What do we make ammonia with?

Fertiliser!

It literally helps feed the world.

But it's also used in explosives to blow stuff up. Same product, vastly different use cases.

The same goes for programmable money. It could end up liberating or enslaving us. So, probably a good concept to get your head around. 

But like most things, it will probably end up at neither of these extremes.