The idea of diginomics came as Wallace R. Wood, a futuristic journalist and author in Houston, considered a request from the publisher of his first book, Cashless Society: A World Without Money (1974). Wallace was to write a sequel to his first book 25 years after the fact about a remarkably different, and nearly cashless society. He now runs operations at Diginomics Central where he publishes writings and media content about the rise of digitized society.
Technological progress advances with very few hindrances to block its destiny, whether it be for good or for evil. In this particular instance involving the end of tangible currency in exchange for its intangible counterpart, the die is cast and the ultimate future is now at-hand.