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second prize 2010

Austin Houldsworth
Electric Money

Similar to gold, electric money unlike electronic money has value without the need for cryptographic technologies.

The law of conservation of energy states:

Energy can be neither created nor destroyed. However, energy can change forms, and energy can flow from one place to another. The total energy of anisolated system remains the same.

 

This project imagines a world wide electronic monetary system, which ended through hyperinflation once the cryptography was cracked. As chaos broke out a new system was needed, which combined the security of gold with the convenience of electronic payments