The Future of Money

The Future of Money and Bitcoin by Chris Larsen, CEO of OpenCoin

The Future of Money and Bitcoin by Chris Larsen, CEO of OpenCoin

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.