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"I went back to science fiction to try a few experiments …and my first experiment was a disaster…"
- Alfred Bester
 |
| 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":
[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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and Technology from Heavy Weather
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and Technology by Bruce Sterling
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Tech news articles related to works by Bruce Sterling
Electronic Cash-related
news articles:
- Bitcoin Surges Again, To $7,000
| 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 |
| Ulm Sleep Pods For The Homeless |
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'... making the point that their likenesses, every move they made, were being transmitted.'
'But the stars are only atoms in larger space, and in that larger space the star-atoms could combine to form living matter, thinking matter, couldn't they?'
'...to build up a video picture would require, say, ten million decisions every second. Mike, you're so fast I can't even think about it. But you aren't that fast.'
'The area affected was five hundred kilometres across, and perfectly circular.'
'Hasan always pitched a Gauzy - a one-molecule-layer tent, opaque, feather-light, and very tough.'
'And he had been sent with troops, supplies and bombs to command Russia's most trusted post, the Moonbase.'
'What is your population', I asked. 'About eighty millions.'
'THE autobus turned silently down the wide street of Hydropole. Robot-guided, insulated from noise and cold...'
