Topic: The Future of Money - page 10. (Read 976 times)
Money is a fascinating subject; we'll see what happen, the future seems very interesting, even if I'm very skeptic that cryptocurrency will replace fiat money. Probably, government will find a way to control the cryptoworld. I'm curious.
It's silly to argue that a crypto currency can change the system of social order. It can largely squeeze ordinary money from circulation, and no more. The usual money went and will go as long as there are states that print them. The banking system in the near and distant future will also exist as a financial instrument of the state. The change of all this due to the development of the crypto currency is a myth. States allow the existence of a crypto currency, until it affects their interests. As soon as a serious conflict begins between them, the states unite and the crypto-currency will be outlawed under the fear of criminal liability for engaging in it. This activity is difficult to track on the Internet, but all this depends on the desire of the state, which has extensive methods of coercion.
But there is no denying that there is a lot of speculation, and if the future of cryptocurrency can be replaced by fiat money, then the bubble needs to be eliminated.
Crypto is the beginning of an alternative monetary system. The next stage in the evolution of money.
A system where (crypto) currencies are actually forced to compete for market share. What a concept!
Government-backed currencies have operated as monopolies for far too long. There's no innovation. Fiat money is simply a blunt tool for controlling people.
Crypto gives me hope that we can build a better system... and eventually end the central banking system.
I'm not alone in that hope. Millions of people are now betting on crypto to change the world.
I believe this is what's really fueling crypto's rise. The widespread desire for a system that is fundamentally different and better.
Sure, speculation and profit-seeking play a role. But people don't just invest in crypto... They join it, like it's a movement.
So the next time you hear somebody mention tulips, bubbles and crypto in the same sentence, consider giving them a different perspective.
A system where (crypto) currencies are actually forced to compete for market share. What a concept!
Government-backed currencies have operated as monopolies for far too long. There's no innovation. Fiat money is simply a blunt tool for controlling people.
Crypto gives me hope that we can build a better system... and eventually end the central banking system.
I'm not alone in that hope. Millions of people are now betting on crypto to change the world.
I believe this is what's really fueling crypto's rise. The widespread desire for a system that is fundamentally different and better.
Sure, speculation and profit-seeking play a role. But people don't just invest in crypto... They join it, like it's a movement.
So the next time you hear somebody mention tulips, bubbles and crypto in the same sentence, consider giving them a different perspective.
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