As nation states practise quantitative easing and bail out failed or corrupt banks at the expense of tax payers, the policies of central banks and fiat currencies will come under increasing scrutiny. In times of greater economic freedom and financial flexibility the question becomes: Why would new players use fiat currencies?

If you are an established firm, publicly listed with a strong base of shareholders or reliable funding rounds from prestigious investors, it sometimes helps to play by the rules, to tell what governments want you to tell, and to wear what they want you to wear, but with so much wealth flowing so freely, so anonymously, and in so many different forms, the benefits to the old-school approach are in decline.

We are approaching a time of mines in space, virtual realities, cities in the sea, and none of them have any reason to register themselves in New York or London and use the USD or GBP, and even our trusty CHF or the always understanding S$ may lose the attractiveness they currently have when entrepreneurs and big thinkers ask themselves the question 'What is this nation doing for me?'

An office in the cayman islands sitting in the net of micro-satellites beaming reliable wifi around the world can replace a billion dollar HQ in The City, inasmuch as the Maldives, Panama, or Rwanda can do the same thing. The days of location, location, location are over, and whether it's a $ or a £ assigned by democratically appointed representatives to your particular location really won't make much difference, because it's your money, and my money is used to fund the future of technology and enterprise, not bail out banks which simply couldn't compete.