Tethered Money

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Financial transactions with digital currencies are widespread, and Gideon Samid makes a case for their expansion in Tethered Money. Exploring technical, legal, and historical aspects of digital money, he asks how the emerging technology of money specified for a specific need or to perform a particular task will affect society. The ability to dictate how money is spent could, he argues, increase our control over our lives and resources, enabling us to practice a certain efficiency that would, in due time, become a pillar of civilization. Informative and thought-provoking, Tethered Money describes an evolving future that in some quarters has already arrived.