Rob Cunningham: Remember When Using a Cell Phone Required a Financial Advisor?

Rob Cunningham | KUWL.show
@KuwlShow

REMEMBER WHEN USING A CELL PHONE REQUIRED A FINANCIAL ADVISOR?

$1.25 a minute at peak.

$0.75 off-peak.

Long distance? Hold onto your wallet.

And the phone itself came in a bag approximately the size of carry-on luggage.

We thought this was advanced technology.

Then something extraordinary happened.

Networks improved. Capacity exploded. Costs collapsed. Phones became supercomputers. Metered minutes became unlimited talk, text and data.

And humanity didn’t respond to cheaper communications by communicating less.

WE WENT ABSOLUTELY BONKERS. 

Billions connected.

Entire industries appeared.

Human productivity exploded.

Businesses were created that couldn’t possibly have existed under the Bag-Phone Economy.

Which raises one wonderfully uncomfortable question:

What if MONEY is standing exactly where the bag phone once stood?

Think about it.

Banking hours.

Settlement delays.

Correspondent banks.

Prefunding.

Intermediaries.

FX spreads.

Reconciliation.

Capital sitting around waiting for other capital to finish moving.

We can livestream a rocket launch from another continent while standing in a grocery-store checkout line…

… but moving our own money around Earth can still involve business days.

Seriously?

Now imagine the monetary equivalent of going from:

$1.25 PER MINUTE → UNLIMITED EVERYTHING.

24/7/365 settlement.

Interoperable DLT networks.

Sovereign digital currencies.

Real-time global liquidity.

Tokenized real-world assets.

Verifiable reserves.

Real ownership.

Sound-money principles.

Capital moving at something approaching the speed of information.

And potentially billions of humans, businesses and machines connected to the same emerging Internet of Value.

That’s the rabbit hole I went down.

And the deeper I went, the more fascinating the comparison became.

Because the biggest consequence of cellular technology wasn’t cheaper phone calls.

It was everything humanity invented after communication became abundant.

So perhaps the biggest consequence of next-generation monetary infrastructure won’t be cheaper payments either.

Perhaps it will be everything humanity creates when VALUE becomes radically easier to own, exchange, settle and put productively to work.

That is the distinction between what I call:

THE BAG-PHONE ECONOMY
and
THE REAL-MONEY ECONOMY

One rationed communications by the minute.

The other asks whether we’re about to stop rationing the movement and productive usefulness of value through yesterday’s financial plumbing.

And if the cellular transformation produced extraordinary increases in adoption, entrepreneurship, productivity and global commerce…

what happens when the infrastructure being transformed isn’t merely the telephone network – but MONEY itself?

Now that is worth thinking about.

Grab a coffee. Bring your curiosity. Leave a little room for your assumptions to get uncomfortable.

Read my full comparison of the “Bag-Phone Economy” and our emerging “Real-Money Economy” unfolding before the world’s eyes.

You don’t have to agree with the thesis.

Just answer one question when you’re finished:

If the smartphone made the bag phone look prehistoric…what will tomorrow’s monetary network make today’s banking system look like?

Source(s):
• https://x.com/KuwlShow/status/2087628706722332894

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