Quote from: raven7886 on November 26, 2016, 07:34:49 PM

Yes, the evolution just continues.
I believe before currencies human race must have decentralized medium of exchanges like gold or other rare metals or things and they were comfortable and successful with their medium of exchanges. Bitcoin must be just a replica of gold and it will also have all the possibilities to join this series of product of innovations

If Bitcoin is set to be just a replica of gold, where is innovation here?

Quote from: Paleus on October 02, 2016, 11:00:42 PM

When it exists in the private domain, money itself becomes a product of innovation. Unlike public, central bank controlled money, bitcoin and the emergence of cryptocurrencies shift the function of money to the private domain where the market demands continuous innovation. The power of choice given to the consumer by private money, allows users to choose which form of money to use in daily expenditures. This power of choice afforded to the consumer by way of a private cryptocurrency market, will enable a profound change in the way people view money and a higher overall quality of money.

I don't really think that you can somehow innovate the concept of money itself. It has been there since ancient times when physical objects like grain, cattle, sheep had been used as a means of exchange. In other words, it is already set in stone. Apart from that, commercial banks are also existing primarily in the private domain, and while they are still using fiat controlled by the Central bank, they are basically free in "innovating" money...

For example, payment cards can be considered as one such innovation (when they had been introduced)