Wealth Hackers: How Flow and Info Master Money
Just remember, when you control the mail, you control… information.
–Newman
And, dear Newman, when you control information, you control money.
Money used to be hard, solid objects. Arrowheads. Tools. Gold. Coins. They were all used at one time as money.
But these objects still represented an idea. That idea could be protection. It could be progress and ease. It could represent power and the ability to control scarce resources.
Eventually, though, money and wealth became more conceptualized. Look at where we’re at now. For good–and some would argue for ill–money is now just information.
Trillions of dollars are traded on electronics Forex markets each day. Trillions. (And, yeah, each day is correct, too.) Yet, these coins or bills never touch a hand. They flow back and forth, like ripples in a massive sea of wealth. Then there are stock exchanges, futures and options boards, and derivative exchanges.
The true masters of wealth, then, will be those who can master flow and information. I guess we can call them wealth hackers.
It’s possible now to hack these wealth patterns using technology and innovation. According to Cracking Wall Street:
“Money is just a type of information, a pattern that, once digitized, becomes subject to persistent programmatic hacking by the mathematically skilled. As the information of money swishes around the planet, it leaves in its wake a history of its flow, and if any of that complex flow can be anticipated, then the hacker who cracks the pattern will become a rich hacker.”
Right now these hackers are employed by leading financial corporations, but that doesn’t mean those hackers will stay there, nor does it mean that the technology we can use to measure the flow of wealth will remain in some far-off hedge fund.
In fact, eventually everyone will have the opportunity to be a wealth hacker.
Related posts:
- Money and Technology: The Wealth Singularity
- Read the First Two Chapters of The Wealth Singularity for Free
- 6 Ways to Become a Wealth Creator
- A Better Path To Wealth Distribution
- How To Know The Difference Between Money and Wealth
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is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
You should look into the virtual goods business, almost a billion dollars being spent on virtual currency to buy items in Facebook games.
And there’re charts!
http://www.appdata.com/
Great point, Patrick.