Summary of Brett Scott's Cloudmoney

Everest Media

Description

Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 The taller your building is, the less down-to-earth a mindset you must have. The architecture of these skyscrapers echoes our relationship with high finance, as most people stand beneath them, on the outside looking up.
#2 Bankers are rarely in control of their own institutions, and are often channelling a logic that transcends them. The suits they wear are like protective uniforms, and the toilet is the only place where they might reveal a chink in that armor.
#3 The global finance corporation community is like a dense nerve centre for a multi-layered empire of money and promises for money communicated via fibre optic cables under seabeds and routed via offshore centres.
#4 The global monetary systems are interconnected networks that spread to the farthest reaches of the planet. They are embedded in us, and reach the dustiest small town. Everything in the final analysis is derived from our ecological systems, without which we would die.

Sujets

• Computers
• Informatique
• Cryptography
• Security
• Encryption

Informations

• Publié par: Everest Media LLC
• Date de parution: 25 juillet 2022
• Nombre de lectures: 0
• EAN13: 9798822548954
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Insights on Brett Scott's Cloudmoney
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6 Insights from Chapter 7 Insights from Chapter 8 Insights from Chapter 9 Insights from Chapter 10 Insights from Chapter 11 Insights from Chapter 12 Insights from Chapter 13
Insights from Chapter 1

#1

The taller your building is, the less down-to-earth a mindset you must have. The architecture of these skyscrapers echoes our relationship with high finance, as most people stand beneath them, on the outside looking up.

#2

Bankers are rarely in control of their own institutions, and are often channelling a logic that transcends them. The suits they wear are like protective uniforms, and the toilet is the only place where they might reveal a chink in that armor.

#3

The global finance corporation community is like a dense nerve centre for a multi-layered empire of money and promises for money communicated via fibre optic cables under seabeds and routed via offshore centres.

#4

The global monetary systems are interconnected networks that spread to the farthest reaches of the planet. They are embedded in us, and reach the dustiest small town. Everything in the final analysis is derived from our ecological systems, without which we would die.

#5

The financial sector is where the charging up of a corporation gets done. The lifeblood of an economy is not money but people carrying out labor. Once a corporation is charged up through capitalisation, it can blast that charge out through the monetary nervous system like a defibrillator kickstarting thousands of human bodies into large-scale action.

#6

Corporate capitalism is about chaining these federated structures together into elaborate formations, using the outputs of one as the inputs to another. This is how a mega-corporation comes to be created.

#7

The consumer, the employee, and the saver are all the same person in a monetary system. One day money is coming to you and on another you are sending it away, either for goods or for financial contracts, from where it is refracted out in different directions again.

#8

The top of the economic hierarchy is occupied by people who are very few in number, but they operate at the largest scale. The tall towers, however, rely on a system of ground-level touchpoints to funnel people in.

#9

The financial sector and corporate capitalism’s core use the digital payments system run by the commercial banking sector. The peripheries use physical cash, which is like an itch that the banking and corporate sector wants to scratch.
Insights from Chapter 2

#1

In the world we are moving towards, Romeo and Juliet cannot kiss until a priest blesses the union between them from a great distance. Their digital financial clouds are spreading like an intrusive mist over us all.

#2

The cloud metaphor is useful to convey the ground-level experience of being engulfed by the lower reaches of a cloud. Mist, on the other hand, is a useful counterpart to the cloud metaphor because it conveys the ground-level experience of being surrounded by a cloud.

#3

Digital payments are made possible by the banking sector, which is laying the foundations for the next stage of both American surveillance capitalism and Chinese counterpart.

#4

Despite the inconvenience of having to visit an ATM, many people still prefer cash over digital payment. This is because digital payment is easiest for people who are not in front of you, while cash is easiest for people who are in front of you.

#5

The usage of cash has grown worldwide, but in relative terms, it has declined in almost all countries. People still want cash, but they want it as a way to keep their money outside the banking sector.

#6

The death of cash is being promoted by institutions that want to see the end of cash. The Better Than Cash Alliance, which is a front for the digital payments industry, receives funding from the likes of Citigroup, Mastercard, and Visa.

#7

Eliminating cash would force people to completely depend on the banking industry for all payments, which would benefit the banking industry in general. banks have a financial interest in promoting digital payments.