1. The above mentioned illustration was from http://www.techdigest.tv/2008/07/oyster_card_hac.html way back in 2008. Your equation is putting to much weight into it, the red army soldier stands as a sign of “revolution” to me.

2. You got the “alternative currencies” right, as we are able to handle and interact with more and more currencies we might turn to some “stock exhange of one”-type personal bartering, in which what you have, know, own, believe will melt into transferrable currencies.

3. Rethinking fundamentals. As the next 50 years probably will see a stagnating and fragmenting Europe, a US going through a phase of “I can’t believe we are not the world dominators anymore”, and the return of China to the largest economical power in the World, we will se a radical shift in how we set the rules for the overall financial governance, hence influencing banks and personal economies more directly than we can foresee right now.

4. Regarding wallet wars – With NFC payments being on the peak of inflated expectations, everybody runs to this new product category from their own starting point (what you refer to as “unexpected quarters”). Hence, the first clash will bear more resemblance to a stampede gone wrong than to an organised war. So could we rename it to “Wallet stampede” instead?

[Dave Birch] Thank you so much for the clarifications Per Harald, and thank you again for an excellent presentation. Your suggestion is perfect – wallet stampede it is!!