Many oppose the existence of cryptoes, especially the central banks and traditional banks because they will lose authority. Crypto currency does not require paper and coins to transact and does not require banks to use it. Their fears are very reasonable given the existence of banks increasingly irrelevant.
On the other hand, there are more economists who do not know about cryptocurrency, about blockchain, software, computer technology, algorithmic equations, to crypto market capitalization.
Topic: The Future of Money - page 2. (Read 976 times)
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.
I just feel that our society will evolve. Encryption is one of the evolutionary processes. There will be a variety of doubts and obstacles. This does not stop our confidence. I am also telling others, this magical world. 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.
In my opinion, Crypto is the future of the money, but definitely not the crypto as is right now. I am completly sure that there will be much upgrades in the crypto in the next few years and after that, crypto will have the real potential to be the future money. Also, not to forget the regulators....if I have to be honest I cannot wait to see how the regulators will efect the crypto world. For now are only speculations that shake the BTC down/up but I think that after the regulations BTC will become more stable which is one of the first step to make crypto the future money. What do you think about that?
Money is just a tool to facilitate trades, and it must be adapted to present reality.
BItcoin is the last step in the money evolution, and it's normal that it find resistance.
But I just wonder: how much resistance did find paper money when it was introduced, in middle age?
Think about: to exchange gold with paper? Absurd!
But it worked! :-)
BItcoin is the last step in the money evolution, and it's normal that it find resistance.
But I just wonder: how much resistance did find paper money when it was introduced, in middle age?
Think about: to exchange gold with paper? Absurd!
But it worked! :-)
I think crypto is going to continue to grow, and that it had the potential to be the future of money! Today I had to drive 45 minutes to pay somebody some money that I owed! And I thought to myself, man I really wish this guy was also invested in crypto it would be so much easier to just send him some coin instead of taking that drive which was out of my way! Later in the day my brother in law asked me to watch his son so he and his wife could go out. I made a joke with him and told him I'd do it for 1 XRB and he actually sent it to me! But that's the beauty of crypto! It was literally that easy! These are things that actually make you realize that this is how useful crypto can and will be!
If something is to replace paper money and coins then it need to be totally secure, impossible to forge or fake, and accessible 24/7 with or without a wifi connection. Digital may be able to do that soon but there are still plenty of obstacles at the moment.
The future money is digital currency but a cashless money "FIAT" is necessarily need every Governments or central bank. Governments and central banks have no choice but to prepare for it. And while the technology underlying Bitcoin and other such cryptocurrencies will almost certainly have many.
Although I agree that crypto is an evolution of money, and as much as I agree that fiat money is simply a blunt tool for controlling people, I think crypto still won't be able to overtake fiat in the near future. Cryptocurrencies are getting more famous and well-known nowadays. More and more people are putting their interest on crypto every day. So.... maybe, just maybe, maybe in the future crypto might be able to overtake fiat as the payment (who knows). Although it's almost impossible. Still, the decentralized idea is really brilliant and people loves it. We can't tell what's going to happen in the future. Maybe you are right.. Crypto might be able to change the world one day.
There's no doubt that Cryptocurrency is the future of our money and monetary system because we are now using it and we are all heading to the future while the number of people who are using Cryptocurrency are increasing.
The more people adapt Cryptocurrency the more price increase for the coins that we are investing.
That's why we need to educate our families and friends about this future because we all benefit the capabilities of the Cryptocurrency that we are using today.
The more people adapt Cryptocurrency the more price increase for the coins that we are investing.
That's why we need to educate our families and friends about this future because we all benefit the capabilities of the Cryptocurrency that we are using today.
Everyone in the world has a tendency to be concerned about digital payment. I think in the future if an application can meet the consumer's demand for digital payments, cash may be digitized. Instead, it is the digital currency. in the futures will likely form a world without cash.
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.
I don't think crypto is a threat to paper money simply because paper money is backed and supported by the government and the government can control it's supply and circulation. I don't think that the government will allow something decentralized such as crypto to replace 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.
Crypto are not as popular as paper money which limits there acceptance to a few people only. Crypto still has to travel a long road if it wants to become as popular as fiat money.
In my own opinion, money and fiat money will not disappear it will still be used even crypto currency is overtaking it.
The future of money either Fiat or Digital one is truly stimulating; people predict, assist and always anticipating the future of this two. People choose Fiat money because they know its value is always stable, most of the other group chooses digital money because of its attribute, though security is not hundred percent but they do enjoy the freedom that was and has been attached to it. We can also use digital money to practice making online transaction because living with technology also is becoming more advance, hence, method of payment will become digital way in the future for faster and more reliable transactions.
As innovation is being felt that the idea of having cryptooris because of our futuristic money is likely to be used for everyday transactions like how we do with paper money now, it could happen.
along with the innovation that is being felt, I believe that the idea to have cryptooris because of our money is futuristic. I believe that there is a great chance we will use it for daily transactions like how we do it with paper money now.
I think the future of money is cryptocurrency.and cryptocurrency will remain an alternative way of payment.
there are so many speculations that crypto is the future of money, and crypto currencies
will change the social system, now the growing period people are interested in crypto currencies.
there are so many speculations that crypto is the future of money, and crypto currencies
will change the social system, now the growing period people are interested in crypto currencies.
It seems to me that the crypto-currencies have already changed the world! And this will only continue!
Of course, crypto currency will not be able to completely replace money, it is expected. But the importance of crypto currency will always grow.
Yes somehow, this crypto currencies affect the system and partly chancege the world. Because some people has it's own opinions when it comes to crypto that some had really believe on it. Although this crypto has been the big impact on each lives because they can earned income yet when facing the fact that fiat money cannot be replace. Of course, crypto currency will not be able to completely replace money, it is expected. But the importance of crypto currency will always grow.
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.
This is the currency that belongs to the liberals. People need a decentralized thing to appear. This will give us a sense of security. Many people also rely on virtual currency and encryption technology to change their lives. 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.
Just as the digital currency is getting encouragement of the world, it seems that cryptocurrency will be the currency of the future, people today are getting inclined towards digital currency.
Money is nothing more than a system fo measurement of the relative value of things and services. This will be the same with bitcoin, dollars, gold, or just shells.
Of course, some system are more efficient than others, and for today's world bitcoin is a solution for a lot of problems.
Of course, some system are more efficient than others, and for today's world bitcoin is a solution for a lot of problems.
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