Future of Money – Futurists’ Twitter Chat Thursday 4:00-5:00 EST #apf #futrchat #futureofmoney

The Association of Professional Futurists (APF) is hosting its second twitter chat on Thursday, November 18, 2010 from 4:00 – 5:00 p.m. EST. Use these hashtags: #apf #futrchat. 

Venessa Miemis  will join us as an invited guest  to share thoughts from  her recentSIBOS  keynote presentation and FOM research.

   

The Future of Money 

Beyond the currency arguments between nations, another more fundamental debate brews. You could say that it’s the difference between people who trust the traditional banking system and those that believe there’s a better way based on transparency, open data, and social bonds.   

Venessa Miemis ,Gabriel Shalom , and Jay Cousins developed a short film,“The Future of Money,”  for the recentSIBOS conference  in Amsterdam. In a series of interviews, Gen Y’s say why they feel distrust or a disconnection with the current system and what they see emerging in the social currency space.  

Updates 

On twitter, you can find tweets by searching for #futureofmoney. Here’s some recent posts pertaining to SIBOS.

  • Venessa believes that traditional financiers and Gen Y’s areliving in different worlds.   Her proposals and concerns: 
    1. Intelligent investing opportunities likeGroupon  local deals but for investing.
    2. Real-time data visualizations for money management likemint.com .
    3. Social network analysis for co-production opportunities that helps visualize network connections
    4. Local currency projects such asMetacurrency .com
  • Gabriel Shalom  comments on responses to the film andthe future of the FOM .
  • Chris Skinner , a financial expert and co-founder of Shaping Tomorrow website, attended Sibos and executive produced the video. He wroteblog responses  to Venessa’s ideas and added a number of other points.

And here’s a few developments since SIBOS.

Grapefruit_valueofadollar

What do you think?

I’m watching to see what people believe about money. We all use it and by necessity, we each manage it for ourselves and/or for businesses. Is there anything more emotional than the power of currency? And how do you define currency? Economic, social, environmental, political, cultural?

What is money? What does it do and what does it mean? Are you worried about the future of money? Or is it all roses ahead? What drivers could plague money, and cause drastic change? Are we at or nearing a turning point? Is there a significant, fundamental gap between financial experts and us, the regular people? If so, is the gap in communications, worldviews or something else? Is the distinction or gap useful or an us against them battle? Will it be useful in the future?

I wonder if we will see a range of ideas, conflicts of opinions, or will we agree quite readily on the future of money. What, do you believe, are the big issues for money by 2020? Or by 2030? Is it social/community, trust, transparency, or are other lumps or gems on the horizon?

Please Join Us – an open tweet chat

You are welcome to join the APF #futrchat and say what you believe will be the future of money. At our premier chat last month on the future of education, an intensive hour flew by and the results gave a snapshot of many varied perspectives and experiences, like a speed scan or survey.

As we did last month, Jennifer Jarratt will pitch provocative questions and I will cajole, contribute, coax, and retweet the saltiest items. You can do the same, add links (if they pertain and are not promotional ads), and teach, inform, persuade, thrill, or terrify us about the future of money.

What do you think will be the future of money?

Image: Organic Grapefruit onThe Value of a Dollar Project by Jonathan Blaustein

Trends Shaping 21st Century Cities: Whole Cities, Living Buildings

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Last week, I covered a list of 20 items from The Futurist magazine’s Outlook 2010 (Nov-Dec 09 issuehttp://bit.ly/xFR5C) that will shape 21st c cities.http://bit.ly/154×84 Now I am adding other trends, ideas, and forecasts beyond their list. I addressed megacities, water, and robotics in the first three.http://bit.ly/2CZkcS http://bit.ly/4Cmu32http://bit.ly/1TGe4T This article considers the city as a whole system.

The Whole City

We see the modern, industrial city in parts. One segment is for houses, another for industrial, and entirely other areas for shops and offices. Consequently, we drive or take public transit from place to place. In the mid 21st century city, we will use and create whole cities and buildings differently than we did industrial cities.

Several forces are causing cities to change shape. First of all, commutes in cars are expensive, dangerous, and time consuming. No one likes to sit in congestion for hours every week but they do because their jobs and their families are separated by miles. In the past twenty years, new ideas such as New Urbanism and walkability emerged to change that, which will become evident in the next few decades (see Living Cities below). Second, women in the workplace increased reasons to have home and work closer. In addition, higher energy costs, aging population, and environmental problems influence new urban patterns, as will virtual and augmented reality. 

Perhaps most significantly, cities are now seen not just as machines for moving people and produce but as places for living. The Project for Public Spaces looks at how to create engaging public spaces that focuses on distinct places (see diagram).http://www.pps.org/ People seek higher quality, diverse urban experiences and engaged communities.  

I consider how looking at whole cities shapes 21st century built environments: the Living Building Challenge and Living Cities.

1.      The Living Building

The Living Building Challenge by Jason McLennan pushes the idea of sustainable building beyond energy efficiency; instead, structures or districts generate more energy than they use. They return energy to the grid to be used by others and are measured on six performance areas: Site, Energy, Materials, Water, Indoor Quality, and Beauty and Inspiration.http://bit.ly/3Nd8l2

An earlier model called the triple bottom line also accounts for the quality of life in terms of: people, planet, and prosperity; or sometimes referred to as: social equity, ecology, and economics.http://bit.ly/bR2cX  I worked on a 3,000 acre adaptive reuse of a former naval base in North Charleston SC called Noisette with BNIM and Burt Hill architects that used the triple bottom line approach.http://www.noisettesc.com/ The developer, John Knott, went to great effort to incorporate a whole system approach to build a community, not simply bricks and mortar, and subsequently was recognized by ULI and ASLA for urban design excellence. Ecology, heritage, and arts as well as economics drove decisions.

Clearly, the push to consider social equity, wellness, experience, education, social justice, etc in measuring the impact of building choices will reshape future cities. We are beginning to frame questions about cities not in single terms such as congestion or real estate values. Instead, the city is seen as a place of distinct experiences for building communities.

2.      Living Cities, New Urbanism, Smart Growth

Larger questions concern the shape of the city. How will peak oil affect cities? How do we attract growth, jobs, and new residents? Do we continue to invest in new infrastructure and abandoning existing districts? Boulder and Portland have zoning regulations to control growth at the perimeter. Brookings Institute is one of the major proponents of contained development, called Smart Growth.http://bit.ly/4yDOGp

A number of models and theories support various cures for industrialized, car-based cities, and clearly I shouldn’t even try to summarize it too briefly. My point is simple (and hopefully not overly simplified): these ideas have certain commonalities and compatibilities, although not always creating precisely the same impact on cities.

The New Urbanist movement promoted the first major concept for post-industrial cities in terms of public spaces, pedestrian-oriented, and mixed uses so that major services were within walking distances.http://bit.ly/fhGhg  Related patterns emerged as walkability, density, green cities, compact cities, traffic calming, and even slow cities, which are based on the idea of slow food and a less frenetic pace.http://bit.ly/4hshXh All of them address anti-dotes for industrial cities, and have by and large compatible intentions.

Each concept relates to the idea of the quality of life, the experience of the city, and reconnecting life and cities.

Furthermore, the idea of the agile, resilient city, the adaptable city is emerging. In other words, while modern cities traditionally are planned, infrastructure built, and development begins, new cities may emerge in a more flexible way. Any city that relies chiefly on cars as transportation will continue to be dominated by transportation systems, an extremely costly, rigid form. Similarly, fixed rail system creates a very obdurate infrastructure.

In reverse, if some elements become more transient or mobile, others may become increasingly durable. For instance memorials and cultural institutions may represent the citys heritage, thus making gps devices even more necessary for wayfinding. Every change creates a counter movement. In this case, some buildings may be assembled, and easily moved, while others may be built to last. (see posts on augmented reality http://bit.ly/1y7rqI.)

 

Looking Ahead

To create completely new urban shapes, many elements come into play: technology, demographics, sustainability, economics, and attitudes. Furthermore, while these trends address positive actions, cities are also places of decline and sometimes complete societal collapse. 

While I previously said I would write about geo-engineering and infrastructure in this post, I saw that to think of those topics comprehensively, whole cities came first. Technology including geo-engineering will be next.