Monday, December 04, 2017

Money as the original AI?

A great ago, India basically cancelled a bunch of currency notes without warning. There's a good reflection on the year that followed which raises the question - is currency a force in and of itself? Does it use human social interaction as a medium by which to exist as a flow? Is it alive?
"India’s central bank, the RBI, recently reported that of the estimated 15.28 trillion rupees ($239 billion) in currency taken out of circulation by demonetization, almost 99% had been returned to the banking system."

Money has value, and people will take this and route it and liberate it as is useful to them, circumventing government if the need outweighs the risk. Is currency the original AI, a technology released without truly understanding the impact it would have on the people it brings together?

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