Showing posts from September, 2021

Federation Credit

 "The economics of the future are different” Jean Luc Picard He adds that money doesn't exist in the 24th century. However, we also know that Dr McCoy used the Federation Credit to pay for passage on one star ship. The economics of Star Trek seem remote and, of course, it's fiction.  This week El Salvador decided to make Bitcoin an official currency . El Salvador also uses the US Dollar. Countries are moving away from cash and going digital. China has introduced a digital national currency . Android has Google Pay. Apple has Apple Pay and, in the USA, Apple cash using their own branded credit card.  The disconnect between physical money and the transfer of a digital asset is moving faster by the week. Most of the west has been using paper money as a form of currency for hundreds of years. Replacing the practice of using metals such as gold and silver. Paper money needed to have some link back to gold and silver for a long time to be considered equivalent. As we move to dig