Imagine that economy that we know it today is not needed anymore, personal profit stimuli is just a page of a history and social and political life is just different from it's today version.
How then needs of people are solved, and on what would you spend your time and energy in that case? Did you see the crypto there, and if yes in what role?)
P.S. I know the Ideas of Karl Marks about post-komunism and not a fan of it)
The future of crypto currency is actively discussed among the masses. Supporters of digital cash assume that innovative technologies completely supplant the familiar for us understanding of money. In other words, a real revolution is coming in the banking sector.
Let's consider the basic bases on which forecasts are based on the bright future of the crypto currency:
Protocol. We admit it or not, but the bitcoin protocol works in an uninterrupted mode. Yes, there are rough edges, but even the most desperate cybercriminals failed to break the system. After another attack by hackers, the protocol is updated and the defects are eliminated.
The cost. The material value of the digital currency is constantly growing - the crypt is resistant to inflation, which can not be said about traditional money. Also, bitcoin has an ideological component, and not a purely material one: the cost of scientific development lies in the detailed compilation of the mining algorithm or the extraction of bitcoins. The increase in the cost of bitcoins is facilitated by the interest of users, the expansion of the network and the modernization of the infrastructure.
Competitiveness. Crypto currency is pressing - the traditional economy feels this every year. Today, the Crypto-currency is ready to make a worthy competition to the existing banknotes.
Timeliness. Now the Internet has become a full-fledged economic space, where financial transactions are concluded, goods and services are sold and bought, and property and intellectual rights exist. Obviously, traditional banknotes do not cope because of the growth of the economy in the virtual world. Many insist that it is bitcoin that will become the currency of the new generation, transferring the Internet economy to a new phase of development.
Globality. The digital currency can be used in any country and on the globe - payments are made quickly, with minimal commission losses.