I tried to find a TED talk that related to Paper 2 topic, but I was not able to find anything. In my search though I found a headline that caught my attention. It was a talk by Paul Kemp-Robertson titled “Bitcoin. Sweat. Tide. Meet the Future of Branded Currency.” Bitcoins have been in the a lot recently and have continued to grow in popularity as well as in creditability. To me, Bitcoins are fascinating and the concept of them is pretty unbelievable.
Kemp-Robertson’s talk was actually less about Bitcoins themselves, but rather about alternate forms of currencies. He believes that the rise of Bitcoins is caused by a general lack of trust in governments. He mentions statistics that show people nowadays trust business executives more than their own government and that 45% of people between the ages of 25 and 35 trust independently issued currencies. With this amount of young people trusting currencies like this and with everything moving digitally nowadays, it hard not to imagine that the future of currencies will move from physical objects to everything being digital. He also goes to talk about the impact of other types of independently issued including Starbucks points and Nike’s sweat points. He even talks about how drug dealers are accepting the detergent Tide as a form of currency. They have been calling it “liquid gold.” It is just interesting to see how as long as people have a perceived value of something it can be used as currency and with the move to the digital age I believe all currency will move into it as well.