Quote from: Al Ien on November 08, 2017, 08:42:42 AM

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Pretty interesting post.Did you copypaste this from some article?
I will bookmark this thread and read it every year to check wether or not your predictions are true. Grin
You are very optimisitc about the future.What if a mass cryptocurrency ban happens and cryptocurrencies are used only across the darknet?

Thank you.
Just my subjective point of view on cryptocurrencies.
It is too late for global cryptocurrency ban. Ginny is already out of the bottle. Many states such as Japan and Swiss have realized that this technology is the future. So in case of cryptocurrency ban in let's say China a lot of cryptomoney will flow away to another jurisdiction (Japan for instance). This technology represents Fourth Industrial Revolution and every revolution leads to Change. To Redistribution of global wealth. And in this race only competitive states with open mind thinking will win.
Cryptocurrency is the next generation of money.
This complies with new cycle of human history - VR (AI, IOT, Robots, Google, Facebook etc). People have successfully explored Reality and in this cycle of human race evolution the task is to explore Virtuality (VR). This will give 1000x-100x boost to human race economics. Paper money are no good in Virtuality as well as gold, so for this humanrace economics quantum leap there is a need in a digital currency.
First generation of money was cauri shells.
Second - gold.
Third - paper money
Fourth - digital money

We have had digital money, so to speak, for some decades now. The difference between VISA and bitcoin is that is is decentralized, however transactions are much slower and limited, fees much more expensive.

Is decentralization really such benefit that the whole world economy should shift to bitcoin (or other cryptocurrencies?). I don't think so.