We’re entering a new era in the evolution of money.
Commodity money was first—gold, precious metals, things considered inherently valuable. Next came political money—fiat currency, banknotes, things that had value because they were backed by governments and legal systems. Now there’s math-based money—money controlled only by protocols and algorithms. Harnessing and maximizing the power and potential of these new math-based systems is going to be the big story in finance for decades to come.
You’ve heard it before, the Internet is a great, wondrous invention – and that was from your 87 year old grandpa who just learned about YouTube. More importantly, it gives us the perfect platform to operate more efficiently . . . thus, the birth of peer-to-peer startups. It seems these days you can’t go anywhere without Airbnb being brought up, “It’s Airbnb for cat litter” or “It’s the Airbnb of birthday party clowns.”