The Future Of Money, Among Other Things...

In my opinion, two innovations have reached clear "tipping points" in 2014 and herald the beginning of new times in the field of money and personal transportation. Software companies are taking leadership positions in established economies and will transform them in a durable manner. In less than a century, money will have gone from physical to plastic to digital. Driving will evolve from an art, mechanically operated by humans, to a science programmed by machine learning algorithms. Digital currency is pushing our economy squarely into the influence of the algorithm. In the case of driving, a new era is emerging – the era of machine learning. It's now become quite realistic that machines are able to execute functions at similar, if not higher, levels than humans. I'd like to propose we append Andreessen memo: "Software might eat the world, Marc, but, algorithms will end up digesting it." And since "money fuels our economy", I couldn't resist lumping both predictions in the same piece and proposing an appendix to Marc's memo.