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The Future of Money
- How the Digital Revolution Is Transforming Currencies and Finance
- Narrated by: Stephen R. Thorne
- Length: 19 hrs and 46 mins
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Publisher's Summary
Eswar Prasad explains the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live.
Above all, Prasad foresees the end of physical cash. The driving force won't be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk.
Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.
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- Caleb Ludeki
- 19-01-2022
19 hour book that was 18 hours too long
It seems like the author felt that weight was important or there was no editor to say "mate you gotta cut this back". It felt like a low grade student's paper that cut and paste everything from wikipedia that might have a passing reliance. If you already have a reasonable knowledge of finance and cryptocurrencies this book will tell you very little and do so very slowly.
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- Anonymous User
- 26-04-2024
dry
dry as the Sahara desert. not wrong. not bad. just really dry. I listened at 1.35x speed.
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