It does, but I still claim that the traditional money won't dissappear just like that. Older generation would never get used to only a digital currency. Do you know that in France still exist people that make all of the calculations from euros back to the francs? All of the prices are also shown in francs and in euros in stores.

Subsequently I think that the wave of the biggest change will be introduced by the banks and their private blockchains and private digital currencies!
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Bitcoin is the money of the future. The older generation will eventually die and the new generation will adopt it.