Some things have cropped up and I've been trying to settle them. Maybe I'll update everyone when things settle down.
Anyway, here's a good clip to watch.
Ever wondered why casinos want people to play using chips?
Or why some restaurants like Marche use a card to charge your purchases?
Or how about online games where people buy "tokens"?
It's all similar to what this talk is about. Financial abstraction. Making people less connected with their money so that they don't feel like they are spending money, so that it's just a number on a computer or handphone.
In this way, there's a good chance that people tend to spend more. Cos they don't feel like they are spending money.