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"What I have in my stories is ethics. Ethics and morality are very different cups of tea. I adhere to a very strict rigor of personal ethics and I demand it of those around me as well."
- Harlan Ellison
 |
| 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. |
| 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":
[As a result] ...financial transactions could no longer be monitored by governments,
...designed from the ground up to provide privacy and security so that people could use it to transfer money.
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Electronic Cash-related
news articles:
- Bitcoin Surges Again, To $7,000
| Musk: Defeat The Bots, Authenticate The Humans |
| SUCHO Saving Ukraine's Libraries Digitally |
| Your Inner Sleeping Landscape Is An Advertiser's Dream |
| Gas Prices Worse Than In 'I Am Legend' |
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'... the two pairs of waldoes in the screen followed in exact, simultaneous parallelism.'
'THE SPACE VESSEL was traveling swiftly… For over five thousand years they had Voyaged on and on.’
'They circled the vast audiences, dancing, twittering, chirping...'
'The sun-quilt was a patchwork of colors and materials on the inward side, but silvered on the outward side...'
'Jim, I saw them reduce four of my doctors and nurses into those little cubes!'
'Fats Jordan was hanging in the center of the Big Glass Balloon, hugging his guitar to his massive black belly above his purple shorts..'
'When confronted by hills, or rough terrain, it did not stop, but simply slowed until the task demanded equaled its steady power output.'
'... the brain is no longer subjected to the accustomed pull, and it expands slightly in all directions.'
