Just imagine really cheap renewable energy driving down cost of everything, and efficient distribution of wealth through emerging technologies.

We are most likely the generation blessed enough to witness a new monetary system in our life span, though not that of a money-less society as portrayed in Star Trek: First Contact (1996). 

Note: Thank you bro Rashdan Ramlee for the input.

A Money-less Society

As written in Blockchain Insider chapter 1: Blockchain, Bitcoin, Money:

A new kind of trust will be implemented, as we are moving towards a moneyless society.

Our upcoming generations shall see a ​moneyless​ future.

Captain Jean-Luc Picard: The economics of the future are somewhat different. You see, money doesn’t exist in the 24th century.

Lily Sloane: No money? You mean, you don’t get paid?

Captain Jean-Luc Picard: The acquisition of wealth is no longer the driving force of our lives. We work to better ourselves and the rest of humanity. Actually, we’re all like yourself and Dr. Cochrane.

~ Star Trek: First Contact (1996)17

While the future remains unknown, it is quite promising.

News Background: China starts major trial of state-run digital currency

The e-RMB has reportedly been adopted into the monetary systems of several cities.

A sovereign digital currency provides a functional alternative to the dollar settlement system and blunts the impact of any sanctions or threats of exclusion both at a country and company level.

It may also facilitate integration into globally traded currency markets with a reduced risk of politically inspired disruption.”

China Daily report

Reported by Lillian Yang, The Guardian

Image from Other Perspectives

The post A Post-Scarcity Society appeared first on Blockchain Insider.