# The Future Of Money > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [466]. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2025-10-02 (YouTube upload date), https://www.youtube.com/watch?v=U5oVVasHqxA. Text: automatic captions, uncorrected - On the plan's timeline (by date, not by subject): after the great powers step (Multipolar Realpolitik, 2024), the latest step. - How it fits the plan (the research build's reading): Money theory. - Career works it belongs to: - Why there's no money: the imaginary part of financial systems (2013): Blog essay: money has a fluid phase, pocket change, and a solid phase, mortgages, debts and fixed assets,... (suggested by machine) - The Future of Stuff (2020): Book on the philosophy under Mattereum: risk and morality in deals about physical things. (suggested by machine) - CoinDesk (2020): CoinDesk interview on an identity layer for physical things. (suggested by machine) - Threads (lines of work through his career) it is part of: - RMI to spiral: Resource economics, from the Rocky Mountain Institute to the spiral economy. (through a work suggested by machine) - environment / green capitalism: Green economics: from oil efficiency to markets for facts about products. (through a work suggested by machine) - Topics: Gold, stablecoins & asset backing (50%) - Distinctive terms here, against the whole archive: markets (1 here; 159 sources in all, earliest dated 2006, 6 undated) - Importance: core-text score 0.11 (1.00 is the top), number 523 of the 729 sources it scored, the research build's measure of substance, importance and innovation - On the same works, just before: [471] [Mattereum & Fraud Protection in the Coming RWA Revolution (2025)](https://guptaoption.com/texts/471.md); [468] [Stablecoins vs Prediction Markets (2025)](https://guptaoption.com/texts/468.md); [467] [The Currency Crisis: Fiat, Crypto, Free-Banking (2025)](https://guptaoption.com/texts/467.md) - On the same works, just after: [465] [The End Of The Crypto-Adoption Problem (2025)](https://guptaoption.com/texts/465.md); [461] [Text, Picture, Sound, Finance: The Digitization of... (2025)](https://guptaoption.com/texts/461.md); [458] [The Cryptodollar (2025)](https://guptaoption.com/texts/458.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: The Future Of Money, video, 2025-10-02, https://www.youtube.com/watch?v=U5oVVasHqxA; in Vinay Gupta's archive at guptaoption.com, source [466], https://guptaoption.com/texts/466.md. Other speakers' passages are removed, so there can be gaps. ## Passages [0:00](https://www.youtube.com/watch?v=U5oVVasHqxA&t=0s) So basically theories of value right you know there you hear all this stuff about the definitions of money and five functions of money and it's you know yard stick store value exchange mechanism all the rest of that so in the 1930s when America uh when Germany went bankrupt and when America nearly went bankrupt um in America the state seized all the privately held gold in 1933 so that you wouldn't wind up with a goldbacked economy that was all being run by local gold holders, right? They got a lid on that, right? Fast as a way of protecting the dollar. Uh in both America and Germany, you also saw an explosion of local currencies, some of which were script, some of which were expiring currencies. So, you had currencies that would guaranteeably inflate away to zero. You had expiring money. There was this enormous explosion of different currency models. And then the Bitcoin guys come along 2008 910 whatever it is and all of a sudden all of that knowhow is kind of completely forgotten. Nobody ever remembers that there were alternate currency models that ran for a century or two centuries before Bitcoin. Big industrial scale systems is a thing called the wear which operates in Switzerland there if I'm pronouncing that I don't know. Um, so all of these other models, you can tokenize all of those other models of currency just as easily as you could tokenize a stock or a token for a gold bar or any of the rest of this kind of stuff. Um, so rather than seeing, you know, dollar or Bitcoin, what you could see is 50,000 different currencies printed by municipalities, printed by asset holders, food future tokens, electricity future tokens, demand and supply tokens for things like oil or natural gas, all of the things that are currently traded right now in things like futures and options and bonds markets. If you've got some way of pricing those things, which is pretty reliable, you can use those things as currencies. if you've got the exchange infrastructure to handle it. And let me put in a shout here for AI because if I've got AI systems to handle the bureaucratic complexity of working in a multicurrency environment 20 years from now rather than seeing one currency to rule everything and everything is priced in that currency, I think what you might see is 50,000 currencies that allow people to hedge specific risks that they are exposed to by virtue of holding a whole bunch of gasoline tokens if you're an airline, a whole bunch of uh um you know energy tokens if you're a steel mill. You have a bunch of, you [2:30](https://www.youtube.com/watch?v=U5oVVasHqxA&t=150s) know, titanium dioxide futures if you happen to be a paint company and the ability to use this stuff like currency. You know, what happens when we start paying airline employees in air miles rather than using dollars? --- End of [466] The Future Of Money. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [465](https://guptaoption.com/texts/465.md) The End Of The Crypto-Adoption Problem (2025); his whole career in one file, https://guptaoption.com/story.md.