will electronic money be the money of the future?
78660
Nah, it'll be around but there are too many people, especially in high places, that like the anonymity of cash.
94810
Yes I believe it will. Just look at the advances in computers over the last 50 years. 50 years from now, I think they (computers) will be able to think on their own.
1112831
yes it is money in european\n\nhttp://finance.yahoo.com/currency?u
372437
Don't use anything electronic, pay everything with cash!
61294
because the end of the world as you know it is near...\n\nreally technology has made is easier to be more anonymous when perpretrating fraud, that why, it's also allowed groups to be spread apart yet highly organzied, electronic payment systems have made laundering money that much quicker and easier
46783
Only the Federal Reserve can authorize the creation of new money.  Today, however, most money is 'created' using open-market operations, and thus does not physically exist.
966991
The financial system runs entirely on abstract, "virtual" basis. From credit cards, to checks, to stocks.... most advanced economies already have a large degree of virtual money going around.\n\nAs for the internet, most websites already accept your money, with some online roleplyaing games, such as second life, fueling entire virtual economies where you can buy and sell items for your characters, you can buy them a home, trade your game points for cash, etc.\nPretty stupid if you ask me, but there's a lot of people whose lives revolve around those games and the virtual economies they fuel. As amazing as it sounds, there are even sweatshops in China that make profits entirely out of playing computer games 24 hours a day!\n\n"Internet Money" already exists, albeit not with such an obvious name.
948226
With the current hardware technology about to reach its outer limits of physics will the next revolution be in streamlining software? \n\nI have worked in technology since the ‘60’s. In the 60’s it was not uncommon for a major company to run its payroll programs on machines with as little as 16 kilobytes of main memory. I know that the missions to the moon were calculated on computers with one megabyte of main memory or less. Today we are looking at machines with 4-8 gigabytes of memory and it takes 5-minutes just to boot up a PC. It looks like there is plenty of room to improve operating systems and applications.\n\nGranted today’s computers have slicker user interfaces and are easier to use by the general public, but they have become very inefficient users of software. The object code era has allowed really poor coding to become imbedded in most of today’s applications. \n\nOnce the hardware reaches the point where adding processors adds zero throughput won’t it be time to take a look at the sloppy code written over the past twenty-five to thirty years? Isn’t there room for a revolution in software redevelopment?
182924
No.\nNo!\nNo. No. No. No. No.\n\nNEVER EVER EVER use a money order to buy something on line. It is VERY unsafe. It's as safe as sending cash. You will never see that money again. Use paypal instead.\n\nThere was just a big article on MSN.com about a woman who bought a 2.5k dress on ebay, paid with a money order, and got scammed. Apparently that kind of fraud is skyrocketing because it's the hardest to trace and prosecute.
454229
No, very little of the world's money is actually held as printed currency. Banks have the unique ability to create money, by taking people's savings and loaning them out. Depending on the banks required reserve rate (the amount kept for daily transactions) banks can create over $2000 from a $100 deposit.
475823
I believe it will take a similar course as electronics and computer technology over the past century, with some of the same benefits as well as consequences.\n\nFirst, don't expect miracles.  Remember people were expecting robots to do and know virtually everything by 2000.  We have progressed a long way, but that was just unrealistic.  I predict nanotechnology within the next 20 years will be comparable to electronics before the discovery of the transistor.\n\nWithin 50 years, I predict something similar to the dot.com boom/bomb.  There will be some very amazing advancements which will spur investment into all kinds of faulty business models.  In the end, a lot of people will lose money but things will settle out at a higher economic level.\n\nAnd as nanotech gets into the hands of common folks, "hackers" will emerge.  I could only make wild guesses on what kind of hacking that would be, but it will be there.  I guarantee that.  Perhaps we will all need to install genetic firewalls to prevent hackers from hijacking our brains! :)
39973
Hopefully never. I'm finding it to be pretty profitable.\n\nRealistically I'd say that by New Years Eve 2007 most people will barely remember the poker fad of today.
884523
I think today, more than ever before, money determines class--those that have not (like me) would probably make up the laboring class until technology either removes the need for such a class, or society (the socio-economic entity) evolves to the point where the distinctions become irrelevant...
376376
This actually has some interesting impacts on the way that the money supply is measures and the Fed will have to operate.  My understaning that e-currency cannot be measured in the M-1 supply, which is what the fed tries to regulate.  The existence and wide use of e-currency may contribute to inflationary pressures that the fed cannot regulate through reserve requirements and open market activites.  Interesting question and topic here.
736667
Who's to say that this is not the beginning of the end. In the book of Revelations it speaks of the mark of the beast. There already is a number of chip implants in the works for such things as monetary payments, credit checks, and identification.
141024
Current: $5.15 \nNear Future: $7.00
37851
I quite disagree with Darrius. The law of accelerating returns and Moore's law make it inevitable that by no later than 2040 we will have advanced so far technologically that we will be able to do all that they do in the Matrix movies and more. We won't need  a huge spike driven into a hole in the back of our heads though. (Ever hear of wireless networks?)\n\nWithin a decade or two we will be able to supplement our brains with implants allowing us to parallel process (multi-task), enjoy instant and total memory recall, and communicate via the then ubiquitous, wireless Internet with other people or computers including being able to download information. \n\nThis is just scratching the surface. Check out my source links and hang on, we're all about to go on one heck of a ride.