I was born in an era when you had to get off your chair, walk over to your TV and turn the knob to change channels. We certainly are no longer in Kansas, toto!

What we call money is always changing: It once was salt and in fact the word - salary, stems from when salt was money. It evolved into metals like gold and silver. Gold is still money today. When it became laborious to carry gold coins around, we developed notes. So the gold was stored in a safe and the notes value derived from the gold. The note was a derivative. This was the gold standard because currency derived its value from gold.

We did away with that standard and birth fiat money which is what everyone recognises as money today. This is basically money that gets it’s value from government decree. Basically it is money because the government says it is money.

The important thing to note is that, ultimately, people give money it’s value. if a critical mass of people decide that a paper clip is money and decide to accept it as a means of exchange, it becomes money not minding what the government says. This is certainly what we are seeing happen with cryptocurrency. It is money by the people and hopefully for the people. It’s a new standard evolving and oldies like me, though at times feel like a wound up clock in a digital world, are excited for this change and the equities it could potentially bring to the world.