when you think about it the most valuable young people in the world often practice by paying or doing?

this is true of sports, musicans, movie celebrities and it also turns out to be true of ociding and most human applications of aritificial intelligence

there is a reason for this - flow research by prof csik  discovered that people who impress others as wizards of geniuses are those

who maximised the time they spent at the experiential edge of their unique competence- this is alsomt exactly the opposite process

of being examined in school round general standards that in themselves dont make you uniquely creative and whenever they separate

 when you think about the fisrt users of cashless money it was rich citizens through credit/debot cards -one of the fits big uses of computing networks- when a chnage is made to everyday things its a good idea to understand who pays- in the case of cards merchnats pay and you the end custometr pay (you pay a heck of a lot if you take a loan on a credit card which happens if you delay paying and in the case of a debit card it is packaged into the costs of having a bank account which ofetn depend on the minimum money you keep with the bank)

if the first uses of cashless money were to make the rich richer, it occurred to some people : will it ever be possible to design cashless money to help the poorest- after all about a quarter of the world in 2000 did not have any banking services offered to them -maybe they lived in places without electricity or in remote areas where it made no sense to open a bank - and certainly when they tried to save and oft6en when they bought it was in small amounts- in the old days the papper book-keeping needed for such accounting might even have cost more than the transcation

so it is that when people who leapt from never having a phione to a mo0bile one and having no electricity grids to solar (which could recharge essentaisl like mobile phones) cashless banking became one of the greatest innovatiosn of ending povery- lets be clear abpout several processes here- we are talking about how can a mobile phoe be even more useful than a card as well as what savings are there when people dont have to move paper money around in secutory vans etc; some of tehse processes like wiring money (eg western union) had already been designed but usually to make the rioch richer- just like people without banks had prevuously had to rely on loan sharks

the priniples of cashless banking are replace any bog banking process for the rich by transcations taht are owned locally as much a spossible by merchnats and customers; transfre money mobile to mobile- if communities still find it useful to use cash then small last mile merchants can be most economical for changing mobile credit bought back into local money- if every digital tracation can be safely coded then there is almost no amount that is too small to include in digital transcations

there is a relationship between cashless banking and where communities have already been helped to maximise tehir onw self sufficoency on vital thisng such as food sceurity or basic health services- perhaps it shouldnt surprise that where value chains had already been maximised to value small local enterprsies the greatest opportuities of cashless baking has been seen - this is happeing in most of the poorest parts of asia and has been led most spectacularly by women in china and bangladesh- everywhere there is a transparency battle - will the next digiotal leap make local communities even more self sufficient on sustainability goals or will big banks somehow takeover networks by and fir the poorest-