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How Money Will Disappear

January 5, 2014

Technology consists of both mental and physical constructs. Double entry bookkeeping, voting, and the nuclear family are inventions just as much as the steam engine, the airplane, and the sextant.

Money is an invention, and like all inventions, it can and will eventually make itself obsolete. As alternatives gain traction, social momentum, nostalgia, and other forces that retard technological evolution eventually wear out, and old technology becomes less and less appealing.

If money truly is an efficient and effective means of resource quantification, then its prudent application will lead to the invention of superior technologies for accomplishing the same purposes, or a systemic transformation that supercedes the necessity of its functionality. We will stop needing it and therefore, stop using it.

Or, if money is not an efficient and effective means of resource quantification, we will eventully throw it off for that reason. Note that this scenario actually takes longer, but the outcome is the same.

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