Topic: The Future of Money - page 9. (Read 976 times)
The future of money is Cryptocurrency but there's no specific which digital money would do the entire world is using it. Definitely not Bitcoin or Ethereum or other Altcoins but Israel, UAE and some cryptocurrency friendly countries are on their way into the development of their own state backed currency that would likely to be the main digital currency. Their economy and trade will also powered by their own cryptocurrency.
The future of money is hidden in technology and this technology is currently being driven by blockchain. I strongly believe that digital money will rule the world in the nearest future. We are just beginning.
Now we are at a turning point: we are going toward a cashless society, but the real question is: will the future money be centralized or decentralized? We'll see.
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.
Many of us were present when the ".com" bubble popped. We are talking about CISCO loosing 80% of its value and many huge companies falling to the ground (e.g. Worldcom). It is nasty to see it, but all I can say is that those companies that were delivering real value are still in there.
The future of money is here, but can’t be seen inside the US. In countries like China, most people don’t carry cash or cards anymore, just cryptos. Even in Africa, the use of cryptos is more widespread.
It is definitely a different thing in the current world. Crypto's widespread is abundance and growing more. Although this movement is growing the community I do believe that many are in this community just to make more money and not using the technology to provide a better banking system.
Also, there is an issue with the system and that is instability of price. Crypto's huge volatility can never make it a better banking system since a currency should have a fixed value for a certain amount of time to be used as payment method. The changing price would definitely create problems while making payments.
Also, there is an issue with the system and that is instability of price. Crypto's huge volatility can never make it a better banking system since a currency should have a fixed value for a certain amount of time to be used as payment method. The changing price would definitely create problems while making payments.
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 really like your point of view, this is a bold idea. With the development of our science and technology, this is not a fantasy. 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.
future currencies are likely to experience differences from each country, some countries that adopt blockchain technology will still use the FIAT currency, and the currency is regulated by the state authorities
but every transactions conducted by state officials will be more transparent
but every transactions conducted by state officials will be more transparent
money in future years later it seems to be always the main thing worked for human needs. and in the current era then cryptocurrency had started being the fruit of the lips in the community, hopefully, later cryptocurrencies continue to thrive because its technology is very useful.
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.
To be honest , the future of money are still clear and function like normal. So the point are cryptocurrency have their own place to be stand as digital comodity. And to replace the function of fiat as "a valid payment instrument" still difficult because it must have many regulation. And for me I just agree crypto just as a Digital Comodity.
Crypto is the beginning of alternative method of earning money. Crypto currencies will change the social system.Now the growing period people are interested in crypto currencies.
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.
I agree. It's a new era, cryptocurrencies have the power to change the world, but I don't think that who is in power will renounce to control.
Probably, they'll launch a pseudo crypto, with the possibility to control the blockchain
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 absolutely agree with your point of view. Cryptocurrency is a wonderful courage to change the monetary system and the essence of the economy as a whole. People only need some time to understand and accept it. 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 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.
To be honest I have long term goals and short term goals on this environment. I do want to make some profit short term as an early adopter of this technology, but as you said, now I am in for the long term.
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.
You are probably right. With the cryptocurrency of the future. But certainly not "tomorrow". And the day after tomorrow. The world is not ready for that yet. Strong of this world will not allow him to change. But in the decades cryptocurrency wins Fiat 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.
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.
I, too, do not think that the crypto currency will change the system of the social system, change the world. Yes, a growing number of people are interested in the crypto currency, but the heads of state will not allow the usual money to be squeezed out of circulation.
Power to all seems scary only time will tell if this is the concept of the future or promising idea which failed
I think ending the centrally backed banking system is not going to be a thing. We have to rely on fiat to determine the value of all the crypto we own at the moment, so you aren't going to overthrow your opponent if you need it to define yourself. And governments are never going to allow fiat to disappear, so I think cryptocurrencies will continue to exist as an alternative to fiat.
Doesn't matter how great cryptocurrencies are, I do believe there will always be people not trusting it (because it's decentralized). But as far as I know those people are there too for centralized money, so not everyone will be happy eitherway.
As innovations are being felt, I do believe that the idea of having cryptocurrencies as our money is futuristic. I do believe that there is a big possibility that we will be using them for everyday transactions just like how we do with out banknotes right now
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