2023-09-03 plastic money
As work is replaced by the sheer movement of information, money as a store of work merges with the informational forms of credit and credit card. From coin to paper currency, and from currency to credit card there is a steady progression toward commercial exchange as the movement of information itself.
Marshall McLuhan • Marshall McLuhan, W. Terrence Gordon - Understanding Media_ the Extensions of Man_ Critical Edition-Gingko Press
There are technical implementations for all types of payment services outside of the typical on-chain transaction, from micropayments, which allow video streaming companies to pay for each unit of video transcoded, to state channels that allow two people to agree on a value exchange that only gets executed if something happens, and paid subscriptio... See more