Science Fiction Dictionary
A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Latest By
Category:


Armor
Artificial Intelligence
Biology
Clothing
Communication
Computers
Culture
Data Storage
Displays
Engineering
Entertainment
Food
Input Devices
Lifestyle
Living Space
Manufacturing
Material
Media
Medical
Miscellaneous
Robotics
Security
Space Tech
Spacecraft
Surveillance
Transportation
Travel
Vehicle
Virtual Person
Warfare
Weapon
Work

"We are all repositories for genetically-encoded information that we're all spreading back and forth amongst each other, all the time. We're just lousy with information."
- Neal Stephenson

Electronic Cash  
  A digital currency, like Bitcoin.  

Of course, once these techniques were in place, they conclusively destroyed the ability of governments to control the flow of electronic funds, anywhere, anytime, for any purpose. As it happened, this process had pretty much destroyed any human control at all over the modern electronic economy. By the time people figured out that raging nonlinear anarchy was not exactly to the advantage of anyone concerned, the process was simply too far gone to stop. All workable standards of wealth had vaporized, digitized, and vanished into a nonstop hurricane of electronic thin air. Even physically tearing up the fiber optics couldn't stop it; governments that tried to just found that the whole encryption mess oozed swiftly into voice mail and even fax machines.
...

Alex did not find it surprising that people like the Chinese Triads and the Corsican Black Hand were electronically minting their own cash. He simply accepted it: electronic, private cash, unbacked by any government, untraceable, completely anonymous, global in reach, lightninglike in speed, ubiquitous, fungible, and usually highly volatile. Of course, such funds didn't boldly say "Sicilian Mafia" right on the transaction screen; they usually had some stuffy official-sounding alias such as "Banco Ambrosiano ATM Euro-DigiLira," but the private currency speculators would usually have a pretty good guess as to the solvency of the issuers.

Technovelgy from Heavy Weather, by Bruce Sterling.
Published by Bantam in 1994
Additional resources -

Neal Stephenson wrote about something similar in his 1995 novel The Diamond Age: Or, a Young Lady's Illustrated Primer. He describes a "media net":

...designed from the ground up to provide privacy and security so that people could use it to transfer money.

[As a result] ...financial transactions could no longer be monitored by governments,

Comment/Join this discussion ( 0 ) | RSS/XML | Blog This |

Additional resources:
  More Ideas and Technology from Heavy Weather
  More Ideas and Technology by Bruce Sterling
  Tech news articles related to Heavy Weather
  Tech news articles related to works by Bruce Sterling

Electronic Cash-related news articles:
  - Bitcoin Surges Again, To $7,000

Articles related to Culture
Robot Preachers Found To Undermine Religious Commitment
Gaia - Why Stop With Just The Earth?
Splendid View Of Eclipse From Orbit Visualized And Repurposed By Arthur C. Clarke
SensorWake Scent-Based Alarm Clock

Want to Contribute an Item? It's easy:
Get the name of the item, a quote, the book's name and the author's name, and Add it here.

<Previous
Next>

Google
  Web TechNovelgy.com   

 

 

Technovelgy (that's tech-novel-gee!) is devoted to the creative science inventions and ideas of sf authors. Look for the Invention Category that interests you, the Glossary, the Science Fiction Invention Timeline, or see what's New.

 

 

 

 

Science Fiction Timeline
1600-1899
1900-1939
1940's   1950's
1960's   1970's
1980's   1990's
2000's   2010's

Science Fiction in the News

WiFi and AI Team Up To See Through Walls
'The pitiless M rays pierced Earth and steel and densest concrete as if they were so much transparent glass...'

Climate Engineering In California Could Make Europe's Heat Waves Worse
'Pina2bo would have to operate full blast for many years to put as much SO2 into the stratosphere as its namesake had done in a few minutes.'

Optimus Robot Will Be A Good Nanny, Says Musk
'Nanny is different,' Tom Fields murmured... 'she's not like a machine. She's like a person.'

ESA To Build Moon Bases Brick By Printed LEGO Brick
'We made a crude , small cell and were delighted - and, I admit, somewhat surprised - to find it worked.'

Does The Shortage Of Human Inputs Limit AI Development?
'...we've promised him a generous pension from the royalties.'

Textiles That Harvest Energy And Store It
'The clothes and jewelery drew their tiny power requirements from her movements.'

LORIS Passive-Gripper Climbing Robot
'At the end of each appendage's eight fingers there are tinier appendages...'

Drug To Regenerate Teeth In Humans
'We want to do something to help those who are suffering from tooth loss or absence,' said lead researcher Katsu Takahashi.

Coin-Sized Nuclear Battery Good For 100 Years
'...power pack the size of a pea.'

More SF in the News

More Beyond Technovelgy

Home | Glossary | Science Fiction Timeline | Category | New | Contact Us | FAQ | Advertise |
Technovelgy.com - where science meets fiction™

Copyright© Technovelgy LLC; all rights reserved.