Before Babylon, Beyond Bitcoin
Language: English
Published by London Publishing Partnership, GB, 2019
Series: Book 12 of 20 - Perspectives
- Softcover
- New

Seller: Rarewaves.com USA, London, London, United KingdomRarewaves.com USA
AbeBooks seller since June 11, 2025
Condition: New
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Add to basketItem description from seller
Money is changing, and this book looks at where the technology of money might be taking us in the future. Technology has moved our concept of money from physical things, to unseen bits of information. With the arrival of smart cards, mobile phones and Bitcoin, it has become easier than ever to create new forms of money. Crucially, money is also inextricably connected with our identities. Your card or phone can identify you for security - and also enable information about you to be associated with your money (think for example of store 'points' cards). To understand all of this and to see where we might be going, the author first of all looks back over the whole history of money, which spans thousands of years. He sees evidence for possible futures in the past, both recent and ancient. After all, not all 'future' starts from today. For example, it can be argued that the future of money began back in 1971, when money became a claim backed by reputation rather than by commodities of any kind. At this point, money became bits. Looking much further back to a world before cash and central banks we see multiple 'currencies' operating at the level of communities, and the use of barter.The newest technologies will take money back to where it came from: a substitute for memory, to record mutual debt obligations within multiple overlapping communities. This time though money will be smart. It will be money that reflects the values of the communities that produced it. Future money will know where it has been, who has been using it and what they have been using it for.…
Seller Inventory # LU-9781907994913
- Title
- Before Babylon, Beyond Bitcoin
- Author
- David Birch
- Publisher
- London Publishing Partnership, GB
- Publication year
- 2019
- Condition
- New
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1907994912
- ISBN 13
- 9781907994913
- Series
- Book 12 of 20: Perspectives
Technology is changing money: it has been transformed from physical objects to intangible information. With the arrival of smart cards, mobile phones and Bitcoin it has become easier than ever to create new forms of money. Crucially, money is also inextricably connected with our identities. Your card or phone is a security device that can identify you and link information about you to your money.
To see where these developments might be taking us, David Birch looks back over the history of money, spanning thousands of years. He sees in the past, both recent and ancient, evidence for several possible futures. Looking further back to a world before cash and central banks, there were multiple 'currencies' operating at the level of communities, and the use of barter for transactions. Perhaps technology will take us back to the future, a future that began back in 1971, when money became a claim backed by reputation rather than by physical commodities of any kind. Since then, money has been bits.
The author shows that these phenomena are not only possible in the future, but already upon us. We may well want to make transactions in Tesco points, Air Miles, Manchester United pounds, Microsoft dollars, Islamic e-gold or Cornish e-tin. The use of cash is already in decline, and is certain to vanish from polite society.
The newest technologies will take money back to its origins: a substitute for memory, a record of mutual debt obligations within multiple overlapping communities. This time though, money will be smart. It will be money that reflects the values of the communities that produced it. Future money will know where it has been, who has been using it and what they have been using it for.
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