IIP- What Will Coins Look Like in 2031 by https://padlet.com/13194067/eufgudnvptdvmt02 IIP Creative Research into the future of coins en-us 2021-03-21 23:40:35 UTC 2025-11-06 03:26:00 UTC hello@padlet.com https://padlet.net/icons/png/1f4b0.png Social and Cultural 13194067 https://padlet.com/13194067/eufgudnvptdvmt02/wish/1335518837 -   Coins can be part of little rituals, symbols ad gestures rather than just currency e.g. wishing wells, flipping coins]]> 2021-03-21 23:42:42 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1335518837 Technological 13194067 https://padlet.com/13194067/eufgudnvptdvmt02/wish/1335519441 - When researching coin every other article relates to bitcoin]]> 2021-03-21 23:43:14 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1335519441 Environmental 13194067 https://padlet.com/13194067/eufgudnvptdvmt02/wish/1335519605 2021-03-21 23:43:22 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1335519605 Economic and Wellbeing 13194067 https://padlet.com/13194067/eufgudnvptdvmt02/wish/1335519773 - Have heard lots of stories about the discovery of hoarder coins of deceased loved ones, these end up being a nice gesture and also actuate to a-lot of money
-       New phase of money 
o   Programable 
o   Safer
o   Cryptocurrency 
- Going cashless is expensive
]]> 2021-03-21 23:43:30 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1335519773 Politics and Decision Making 13194067 https://padlet.com/13194067/eufgudnvptdvmt02/wish/1335520024 - The transition to crypto is supposed to be more safe as it takes the power out of the institution and back into the person whose money it is ]]> 2021-03-21 23:43:42 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1335520024 Legal Domains 13194067 https://padlet.com/13194067/eufgudnvptdvmt02/wish/1335520408 2021-03-21 23:44:02 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1335520408 Economic https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340435608 Using more valuable materials to create coins and collector coins, create physical value and maybe even encorperate an investment aspect ]]> 2021-03-22 22:56:33 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340435608 Politics/Decision Making https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340435911 - Physical cash needs to be phased out voluntarily by the consumer (bottom-up, organic shift)à everything else breeds distrust, and grows the informal economy
o   Ironically, this is the opposite of the effect that regulators strive for when aiming to reduce cash usage. ]]> 2021-03-22 22:56:44 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340435911 https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340435938 -New sustainable material with a purpose for change
- The discovery of new metals, minerals etc.]]> 2021-03-22 22:56:45 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340435938 Politics of coin https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340438687
  • Symbol of importance (e.g. the royal mint minted special edition for the Queen’s birthday) - indications of social structure?
  • Nationalist symbols (the Queen, things the country is proud of, childhood memory/nostalgia that only those who grew up there know).
  •  Exhibitions to show off a part of their country to the world, e.g. in the World Money Fair.
  •  International Coin Design Competition: https://www.mint.go.jp/eng/enjoy-eng/competition-eng/eng_event_finaljudge2020.html 

    • ]]>     2021-03-22 22:58:21 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340438687     Cash usage in AUS https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340440425 -       Prior to COVID, physical cash was only used for over a quarter of payments in Australia (RBA)
    o    This figure is accelerated by older Australians, using notes and coins for more than half of all their transactions
    ]]>     2021-03-22 22:59:24 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340440425     Cashless Society https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340441247 -   Prior to COVID, physical cash was only used for over a quarter of payments in Australia (RBA)
    - This figure is accelerated by older Australians, using notes and coins for more than half of all their transactions
    - a move toward cashless isn’t mutually exclusive with eliminating all cash
    -  History suggests that there is a safety and security we feel about cash that digital currencies can’t quite match -->  until we have sufficient and reliable alternatives in place, it would be dumb to get rid of cash now
    - currency that is widely used is more valuable than one that is not, because it enables more trades
    ]]>     2021-03-22 22:59:52 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340441247     https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340445833 - Patents and copyrights designs of coin are more prevalent than ever
    - Expanding and further bending the rules of 'coin like object' ]]>     2021-03-22 23:02:14 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340445833     https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340452497 2021-03-22 23:06:01 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340452497 2019-2020 annual report https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340660897 strategic plan identified the downward trend in demand for circulating coinage & prioritised preparing the Mint for a transition where its commercial activities would fill the revenue gap left by declining bank orders for circulating coins.

    It's clear that demand for cash—and therefore coins—continues across the Australian economy and this will be the case for many years. The Mint predicts that while Australia will continue to move to a less-cash economy, specific populations will still prefer cash, use cash frequently and continue to do so for the foreseeable future. ]]>     2021-03-23 00:44:15 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1340660897     Representation https://padlet.com/13194067/eufgudnvptdvmt02/wish/1347215263 - Cash and the number of one's bank account is basically a representation of one's wealth. 
    - The new and upcoming NFT, similarly enables virtual ownership of property or asset.
    - With ownership and wealth shifting to the virtual, if coins were to diminish so would the social power of those eternalised / honoured in coins.
    - This can also be seen in vanity metrics of social media - the accumulation of likes, views -> generate income.
    - Is the future of money the future of representation?
    - Knowing the nature of wealth holder and the meaning of money to these, how would we pivot money / coins with a representative nature?]]>     2021-03-24 10:45:08 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1347215263     Perspectives https://padlet.com/13194067/eufgudnvptdvmt02/wish/1347230634 - The articles we read are mainly pro-crypto and digital transaction.
    - Written by mainly analyst (whether they actually have background in finance), banks, founders of certain cryptocurrency, and others.
    - What is people's attitude towards going completely cashless (particularly from marginalised community)?
    - What alternative perspectives or futures are we overlooking?
    - What is the 'currency' being traded in the fremium era? Is there something to be learned that has a place for coins?]]>     2021-03-24 10:50:44 UTC https://padlet.com/13194067/eufgudnvptdvmt02/wish/1347230634