Digital Hyper Abstraction.

We flatten the money curve and start building toward frictionless money flows. Making money off of money is a little bit of magic. Was it in the Middle Ages, when the goldsmiths who were storing money for folks in their vaults realized they could crib a bit and issue receipts for money they didn't actually have in the vaults? In his marvelous book The Structures of Everyday Life: Civilization and Capitalism 15th-18th Century, historian Fernand Braudel wrote of the gradual insinuation of the money economy into the lives of medieval peasants: "What did it actually bring?. [Extracted from the article]