Digital Currencies // Autonomous Financial Instruments // The Financialisation of Everything
CODE is money. Money is code.
Welcome to the post-classical financial era.
Everything we understand about how money works - including finance and the economy, plus everything else touched by money - it's all changing. Money is going digital and becoming 'new money'. Money is turning into code and becoming 'smart money'. And everything is turning into money - the financialisation of everything.
What is post-classical finance?
This 20-minute introduction to "Post-Classical Finance" opens with the basics of digital currencies - from Bitcoin all the way through China's 'digital yuan' and currencies from the Reserve Bank of Australia, the Bank of England, Facebook's Diem, and others; continues with an easy-to-understand explanation of 'smart contracts' - computer programs that turn money into code, or code into money; and concludes with NFTs - 'non-fungible tokens' - transforming into a new asset class that is rapidly enabling the financialisation of everything.
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