Is crypto the final stage in the evolution of money? - page 2.

Rockstarguy

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Quote from: minime0105 on April 22, 2022, 12:06:40 PM

Bitcoin and other Crypto Currencies have stand out ,but all this will be history some day as I don't think this is the final stage to money evolution..

But I still believe even if bitcoin won't be the final stage to money evolution, bitcoin will still be relevant to the world. I don't think their will be any digital projects of money that will be something different or far ahead of bitcoin, it will have some qualities of bitcoin expecially decentralization in nature. If it has some qualities that bitcoin has, then I will call it the advance form of bitcoin.

CaVO32

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Quote from: Fivestar4everMVP on April 22, 2022, 07:37:31 PM

Quote from: Rruchi man on April 11, 2022, 08:36:23 AM

I don't know if perhaps i'm overthinking this, but considering the evolution of money from the beginning of time where different things have served as a medium of exchange and now currently banknotes.

On same trend, we are slowly witnessing the evolution of money to crypto and i can't help but wonder if crypto is the final stage or there may perhaps be another revolutionary idea to replace crypto as money after crypto has been accepted.

What do you think?

Well, In as much as crypto looks like it will likely be the last evolution of money, I honestly do not think it will be the last, this is because, 30 years ago, we never thought there would one day be crypto which would want to replace paper money which was the dominant form of exchange back then, but here we are today, itz happening.

In the same vain, we are currently not thinking of anything that can or could possibly replace crypto in the future, but then the world is a crazy place, someone whom isn't even formed in his or her mother's womb yet, might be given birth to with a new fresh idea which might turn out phasing out crypto, so we never can really say never.

As long as humanity exists, the possibility will always be there. As you said, the one who may invent or create something new may not yet be here today. So I don't think, crypto will be the final stage of evolution of money. And we won't know the name of it up until it will be invented in the future.

Fivestar4everMVP

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Quote from: Rruchi man on April 11, 2022, 08:36:23 AM

I don't know if perhaps i'm overthinking this, but considering the evolution of money from the beginning of time where different things have served as a medium of exchange and now currently banknotes.

On same trend, we are slowly witnessing the evolution of money to crypto and i can't help but wonder if crypto is the final stage or there may perhaps be another revolutionary idea to replace crypto as money after crypto has been accepted.

What do you think?

Well, In as much as crypto looks like it will likely be the last evolution of money, I honestly do not think it will be the last, this is because, 30 years ago, we never thought there would one day be crypto which would want to replace paper money which was the dominant form of exchange back then, but here we are today, itz happening.

In the same vain, we are currently not thinking of anything that can or could possibly replace crypto in the future, but then the world is a crazy place, someone whom isn't even formed in his or her mother's womb yet, might be given birth to with a new fresh idea which might turn out phasing out crypto, so we never can really say never.

Agbe

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Crypto and barter trading has some similarities.
Barter is a decentralized system of buying and selling of goods and services. The individuals own their goods and exchanged it with another person goods. As that the government can not control the barter system of trading and that the same method is applying to Crypto Currency trading.

Barter trading x👇

Crypto Currency is one of the best currency in the world by reaching out government control. And also it has the highest value rate the currency exchange market. But I don't think crypto currency will take over the world Currency or economy system, because as it is, it is only few Countries have the Crypto Currency ATM machine. And it is not physical currency and also it is online. Therefore, how many people in the world have access to the internet?

Crypto trading 👇

I still believe that barter system might still come back again from the evolution point of view.

Serco

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Quote from: BIT-BENDER on April 17, 2022, 03:22:55 PM

Although I would like to think. Crypto-Currency as the final stage of Evolution, but truth be told the world is constantly changing and even when the coin and Note form of money came about I think everyone would have thought it would be the final stage. So we aren’t sure but what I can say is Crypto-Currency would be a relevant part of the future, it may even go through several changes itself along the way.

Revolution in finance system will bring new technology which is maybe opposed by any government. and so with cryptocurrency as revolution in payment system there alot countries opposed this existance and even issue political policy to bannd it. maybe if fully applied in world system ,alot us could save alot cost.

forward_habit_9365

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There's nothing finite when it comes to innovation, so this is pretty much impossible to answer.

minime0105

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Not sure Crypto Currencies are the finals to the evolution of money.
If you take a good look for example for why Bitcoin was created, in financial crises and times to provide and solve what fiat couldn't do as we have seen them at several periods as they are very effective for the main reasons they are created.
During the Afghanistan war.
During the Covid pandemic.
During truckers incident in Canada and also during the on going Russia/Ukraine invasion.
Bitcoin and other Crypto Currencies have stand out ,but all this will be history some day as I don't think this is the final stage to money evolution..

Oilacris

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Quote from: aditasetia123 on April 21, 2022, 12:06:04 PM

Quote from: Semar Mesem on April 21, 2022, 10:55:05 AM

Crypto has been around for about 13 years and the number of users according to reports from many trusted sources has reached about 8% of the world's population, of course this is a fantastic achievement in a short time, but I believe crypto is not the last technology and financial system.

there will more breakthrough in financial technology which is maybe could be as alternative payment system and replace fiat in daily transaction. with blockchain and bitcoin adoption in many place , it will attract new technology in finance industry. transaction speed and also fee will be main solution build. but its will not easy , many obstacle will appear just like how bitcoin rejected in many countries at early.

No matter on how great would be the progress but still it wont really be enough on beating up fiat system but rather they would really just still remain as an alternative or an option.

Yes, its true that we are progressing and we are seeing new ways which is way more better and capable than with the old system but cant deny that as long that government do make use of them
then it would be understandable that it would surely remain no matter what.

So its better not to be hopeful for this one because it wont surely happen.

sana54210

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Quote from: lixer on April 20, 2022, 11:28:25 AM

Quote from: Bitstar_coin on April 18, 2022, 02:54:51 PM

Crypto has not really fulfill that aim of serving as money so far and perhaps it may or may not (it is under probability) because the future is not certain and it is possible that some group of people are already exploring something new and different using all the loopholes of crypto or btc as a case study.
There is always a possibility as long as human exist.

That’s right, there is no end to the possibility of what we can be able to do in the future. If you go back in the last century and tell humans then that there will be such things as the technologies that we have today, they would all doubt it because they can’t see the possibility of having such technologies. But, today we have them.

So, that’s to show that there is no end to the possibilities of what we can achieve with technology. The earth is gold mine, there are still a lot to be mined and we can’t mine it all. In the future we will still continue to see more and more.

You do not even have to go 100 years, if you go back time just like 20 years ago, and tell me that we would have today's technology when I was a kid, then I would be shocked as well. Right now we have things that I wouldn't even dare to imagine, and people are acting as if they are regular parts of our lives. I mean primitive versions of them existed in some capacity probably but it wasn't easily accessible for everyone.

Even the technology of PC world improved so much, the internet grew so big that just those parts mean a lot to me. Do not get me started on VR and 3D printing as well, we have so many things right now that it's beyond bonkers. Blockchain and crypto world could grow beyond our imagination for sure.

aditasetia123

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Quote from: Semar Mesem on April 21, 2022, 10:55:05 AM

Crypto has been around for about 13 years and the number of users according to reports from many trusted sources has reached about 8% of the world's population, of course this is a fantastic achievement in a short time, but I believe crypto is not the last technology and financial system.

there will more breakthrough in financial technology which is maybe could be as alternative payment system and replace fiat in daily transaction. with blockchain and bitcoin adoption in many place , it will attract new technology in finance industry. transaction speed and also fee will be main solution build. but its will not easy , many obstacle will appear just like how bitcoin rejected in many countries at early.

Semar Mesem

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Crypto has been around for about 13 years and the number of users according to reports from many trusted sources has reached about 8% of the world's population, of course this is a fantastic achievement in a short time, but I believe crypto is not the last technology and financial system.

Sir Legend

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Quote from: molsewid on April 20, 2022, 09:20:32 AM

Quote from: Paul Pogba on April 20, 2022, 05:49:20 AM

I never want to say that crypto is the final stage of the payment system, a lot of things we can't predict in the future, and whatever is currently looking very good certainly can't guarantee that it will last for a long time, changes will occur and if one day there is a program that can guess the private key then it is certain that the crypto will end.

Actually we don't know if cryptocurrency will be the final stage in the evolution of money because I believe as long as the technology keep on developing and improving there will be new ideas come up that could be similar to crypto or much better. The future is unpredictable, human mind is so smart that it could possibly invent new technology that will change our lives. There maybe another new finance system that will be introduce to us but one thing for sure crypto will be there for long time.

Yes that's right, more than 8 billion people in the world of course there are those who keep thinking about making things that haven't happened yet, changes will continue to happen and I'm sure one day there will be technology that can be better than cryptocurrencies, what we can do is take advantage of crypto to increase assets and wealth.

lixer

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Quote from: Bitstar_coin on April 18, 2022, 02:54:51 PM

Crypto has not really fulfill that aim of serving as money so far and perhaps it may or may not (it is under probability) because the future is not certain and it is possible that some group of people are already exploring something new and different using all the loopholes of crypto or btc as a case study.
There is always a possibility as long as human exist.

That’s right, there is no end to the possibility of what we can be able to do in the future. If you go back in the last century and tell humans then that there will be such things as the technologies that we have today, they would all doubt it because they can’t see the possibility of having such technologies. But, today we have them.

So, that’s to show that there is no end to the possibilities of what we can achieve with technology. The earth is gold mine, there are still a lot to be mined and we can’t mine it all. In the future we will still continue to see more and more.

molsewid

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Quote from: Paul Pogba on April 20, 2022, 05:49:20 AM

I never want to say that crypto is the final stage of the payment system, a lot of things we can't predict in the future, and whatever is currently looking very good certainly can't guarantee that it will last for a long time, changes will occur and if one day there is a program that can guess the private key then it is certain that the crypto will end.

Actually we don't know if cryptocurrency will be the final stage in the evolution of money because I believe as long as the technology keep on developing and improving there will be new ideas come up that could be similar to crypto or much better. The future is unpredictable, human mind is so smart that it could possibly invent new technology that will change our lives. There maybe another new finance system that will be introduce to us but one thing for sure crypto will be there for long time.

Paul Pogba

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I never want to say that crypto is the final stage of the payment system, a lot of things we can't predict in the future, and whatever is currently looking very good certainly can't guarantee that it will last for a long time, changes will occur and if one day there is a program that can guess the private key then it is certain that the crypto will end.

Moneyprism

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Quote from: worldtraveller321 on April 18, 2022, 06:31:37 PM

Just like Ecash and Hashcash paved the way for the ideas of Bitcoin and other cryptocurrency.
BTC and other cryptocurrency will pave the way for the next technology and innovation that may come.

Perhaps I may just be another type of crypto that could work better then what is out there then now.

Time will come and from the ideas of least expectant there will come another project of innovation.

Never say never.

yes, that's true,,, but it will be very difficult to replace the role of Bitcoin because it is already known by many people and its adoption has been very massive globally ... unless Satoshi appears to the public and destroys the smart-contract he designed, which where it wouldn't be possible

Silberman

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Quote from: Lubang Bawah on April 17, 2022, 02:53:17 AM

15 years ago many people thought that the blackberry system was the last and the best for chat, but after the advent of android the blackberry is now dead, just like today we say that bitcoin is the best, I believe one day it will die and be replaced with a better system in every way.

The lesson here is that technological development never really stops and if you want to remain at the top then you need to always innovate, fortunately for bitcoin it has some of the best developers around the world, which means that even if there are other good coins in the market they find it difficult to complete against the bitcoin developers and the first mover advantage that bitcoin has, this is the reason why I think that if there is a new coin that could surpass bitcoin it will have to be something completely new and innovative and not just another cryptocurrency, otherwise bitcoin developers can just eventually add those features to bitcoin and avoid the scenario you are presenting.

suzanne5223

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Is crypto the final stage in the evolution of money? No Cryptocurrency can not be the evolution of money because evolution is something that points to the future and no one knows what the future holds.
Mind you, Gold was seen as the evolution of money 5,000 years ago before it was replaced by fiat currency and in my present generation cryptocurrency may be seen as an evolution of money but it is not because a new form of money will be introduced in a thousand of years after today.

AicecreaME

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Quote from: Rruchi man on April 11, 2022, 08:36:23 AM

I don't know if perhaps i'm overthinking this, but considering the evolution of money from the beginning of time where different things have served as a medium of exchange and now currently banknotes.

On same trend, we are slowly witnessing the evolution of money to crypto and i can't help but wonder if crypto is the final stage or there may perhaps be another revolutionary idea to replace crypto as money after crypto has been accepted.

What do you think?

Evolution is a continuous process. Changes will continue to happen in the future. We don't know for sure if crypto will be the final stage. Perhaps there would be something to be discovered that is much more better than it. Nothing is ever certain except the dynamic changes. Hence, we should always be flexible to adapt in these to be able to survive. You see, the top of the crop won't always be the star, sooner or later, something might establish a new thing to replace that or even co-exist with it having the same benefits or even exceed it.

But surely, this would take time before it happens. Transition and adjustment from the development and growth is always possible if people are willing to embrace it. For now, let's cherish the systems that we have such as fiat and crypto because we benefit from it and it's really useful to be a store of value and even payment method.

bitterguy28

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Quote from: serjent05 on April 13, 2022, 03:01:58 AM

Quote from: bitterguy28 on April 13, 2022, 01:56:53 AM

and New form? there will no new form from virtual transacting mate.

But this isn't the question, is it?

For now crypto seems the higher end of technology but as time passes by, technology evolves. What seems the latest today may be obsolete in the next 5 decades. Development, improvement, and evolution. Once this kind of technology is improved or perfected they might find another name for it. Same way how the terms metaverse and NFT are created. So I think, crypto isn't the final stage of money evolution.

5 decades is such a long term to use , because even a year or 5 things can be obsolete and wont exist anymore .

But of course there are things we must consider as development comes from here and there and offers new things but let us be aware that most of those are BS promises and will end nothing in the future.

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