What is currency anyway?

Culture of change

As a big fan of the band Mastodon, I was excited to see that they are using bitcoin as a means of payment for their new album.

This was significant for me as they aren’t a major commercial band in the mass market sense but in their respective genre they have a strong following and a lot of influence as a band.

This is another shift in people starting to challenge the status quo and how they define value and wealth and how to redeem that for goods or social standing.

In today’s life, you could argue that the youth treat their social media status as a means of currency wanting to define their worth by the number of interactions they receive.

This is a significant shift in consumer mindset and while bitcoin may not be the final game changer in the financial world, I think it’s playing a strong role in offering an alternative way to view and manage currency.

Distruptive technology or the start of the real wave of change?

https://bitpay.com/Mastodon/

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2 thoughts on “What is currency anyway?

  1. I think it’s definitely part of a greater wave of change – the move towards mobile money and alternative payment methods. A similar example would be the likes of Snapscan; who needs cash or swipe machines when you can use your phone to pay while still in the queue? Definitely appeals to the consumer need to get-it-first and fastest, too. Perhaps in the near future the means of purchasing will become equally as important as what we’re purchasing.

  2. Thanks for your comment! I think you’ve got a valid point re mobility and instant gratification. It will be interesting to see how quickly these trends start influencing change.

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