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?
It can hardly be said that cryptocurrency is even the next stage in the evolution of money, not only its last stage. State money has a fundamental difference from cryptocurrency. With a few exceptions, money is a special kind of universal commodity used as a universal equivalent through which the value of all other commodities is expressed. Ideally, the nominal amount of money in the state should be equal to the sum of all goods that are in civil circulation in the state. If more money is produced than all the goods in the country, then we observe inflation. Cryptocurrency is generally not tied to the availability of goods in the state, its economy. This is a significant difference. Therefore, cryptocurrency cannot replace fiat. Cryptocurrency can be considered as a kind of money, because it has some advantages over government money. But, in my opinion, it should not be considered as a link in the evolution of government money. 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?
