' Designing a future financial crime, predicting illegal use of future technology'
Streaming Money and Forced Change
Society’s transition to an electronic marketplace distorts previously held concepts of savings to frame unforeseen patterns of spending, distribution and crime. As a number of consecutive debt crisis continue to plague the world economy, especially with banks that merge, default and then disappear, the government begins to precisely track our accelerated electronic monetary exchanges. With a traceable electronic marketplace, the world government transitions to a new monetary system under their control, one which encourages a lifetime of consumerism, supporting the belief that the flow of money is important for a successful economy. The government restructures the patterns of flow by means of slower intervals of monetary exchange over varying rates.
CITIES AND RESOURCES
Rapid urbanization of already dense cities, and haste construction of new cities in the first 30 years of the millennium, make utilities like power and water, scarce. However, the new system gives cities an opportunity to maintain and upgrade, by employing a streaming currency to a citizen’s use of public utilities. Water fountains and streetlights account for small deductions that are visible on an individual’s account device, every second they are used. This builds a connection and respect for city’s systems and resources.
Global conflicts diminish as costs of war are garnished directly from citizens, shell by shell. The new monetary ‘constant’ system influences more spending than before and does not, or can not, allow for savings. Thus keeping the global economy at a fluid state.
Retail environments find opportunity in the new streaming economy. A cup of premium coffee converts from 4.99 to .49/10d or 10 incremental payments of .49. The consumer landscape is renewed with goods and services appearing to be less than a dollar. This redistribution of price conditions new spending patterns that are more rapid than before, with length of payment varying from product to product, creating alternate ways to disguise true prices.
BORROWING AND INTEREST
The method in which the new monetary system operates with no banks, allows for the concept of borrowing with interest to disappear; for example the purchase of a shirt may require a 30 minutes for funds to replenish.
Since the perception regarding value of items has changed, and with the government constantly controlling flow of money, owning anything is not desired or necessary, therefore majority do not own a house or own a vehicle. For example, rent is due every minute, or a set gradual extraction.
Pay is set by a gradual amount, usually by the minute or second. Therefore perception of money and value changes as smaller and insurmountable amounts appear on an account every minute. Money comes in and money goes out, and this new type of consumer adapts to living day by day.
With amounts being tracked, everything is measured with the constant ins and outs of data stream. From the use of utilities that show live usage in terms of cost, to personal identification that is connected to unique financial accounts, to how debits and credits are visualized as graphic representations rather than actual amounts.
With advances in technology a unique biological identity, one which is distributed in the body and impossible to steal, is connected to personal financial accounts. Since there are no banks, all amounts are hosted by personal identification. Whether it is earned income or government issued welfare, EVERYONE and all exchanges are tracked with respective accounts.
Resulting Crime For Electronic Society
As savings and debts redistribute directly to society and businesses, and with the government encouraging spending and controlling volatility, the tranquility from individuals not having to manage money or having the patience to keep track of all transactions, evokes a new kind of crime ring with elaborate money laundering techniques.
Aware of government’s surveillance, through the use of encrypted IP signals and in order to go undetected, criminals skim of the top in small amounts from multiple individuals in diverse locations. This only appears as small blips on the individual’s account managing devices, not enough to raise any questions or issues. However, because everything is tracked and needs a host account, the criminals devise a new process of concealing the destination and amount of money as they collect the incremental amounts, which result in extremely large amounts.