”The Sovereign Individual: Mastering the Transition to the Information Age (TSI)” was published in 1997

In 1997, Simon & Schuster published a book written by James Dale Davidson and Lord William Rees-Mogg. The book was based on an interesting concept: it was a history book focusing on the coming future. They explained that the Information Age must bring about a revolution in the character of money.

They write: “As cybercommerce begins, it will lead inevitably to cybermoney. This new form of money will reset the odds, reducing the capacity of the world’s nationstates to determine who becomes a Sovereign Individual. A crucial part of this change will come about because of the effect of information technology in liberating the holders of wealth from expropriation through inflation.”

Their prediction is breath-takingly correct: “Soon, you will pay for almost any transaction over the Net or World Wide Web at the same time you place it, using cybercash. This new digital form of money is destined to play a pivotal role in cybercommerce. It will consist of encrypted sequences of multi-hundred-digit prime numbers. Unique, anonymous, and verifiable, this money will accommodate the largest transactions. It will also be divisible into the tiniest fraction of value. It will be tradable at a keystroke in a multi-trillion-dollar wholesale market without borders,” they predict. 

The two writers are Lord William Rees-Mogg, a truly noble Brit, and James Dale Davidson, a man famous for making predictions. He repeatedly warned the American society that the U.S. economy was close to a disaster. In 2008, his prediction became reality, as all of us know.

They summarize the inevitable consequence of the historic financial turning point described in their book:

„The new digital money of the Information Age will return control over the medium of exchange to the owners of wealth, who wish to preserve it, rather than to nation-states that wish to spirit it away.”

Welcome to Lord William Rees-Mogg and James Dale Davidson’s Information Age.

Source: https://news.bitcoin.com/twenty-years-ago-two-men-predicted-bitcoin/

Zsolt Balló