The dematerialisation and democratisation of currencies: a historical description of currencies and how the physical has been replaced with the virtual
2010 (English)Conference paper (Other academic)
In this paper we examine the relation between the dematerialisation of currencies and democracy. We argue that money play an important role in any democratization process, as it enables and provide assets needed for individuals. Physical currency has a long history in supporting trade. It has also existed in many different shapes, depending on local demands and practices. In the shaping of virtual worlds cybercash has been made a part of this, although the trade practices depends on the type of virtual world: extension worlds or detension worlds. But, learning from the historical development, cybercash can be compared to other forms of currencies and therefore it is very likely that cybercash will be as important for any democratization process in virtual worlds as currencies has been in the physical world.
Place, publisher, year, edition, pages
Currencies, dematerialisation, cybercash
Business Administration Economic History
IdentifiersURN: urn:nbn:se:umu:diva-51633OAI: oai:DiVA.org:umu-51633DiVA: diva2:486365
Internet Research 11.0