Post
Topic
Board Economics
Re: Next generation money
by
Sled
on 23/11/2017, 09:34:40 UTC
The total majority of Bitcoin holders think of their favorite toy as the next step in the evolution of money (less so for active users). I don't deny the technological innovation in respect to the blockchain and the decentralized nature of how new money is created. With that said, I still don't think that Bitcoin did actually revolutionize the concept of money itself. Gold as money existed long before fiat, and it was "created" in a decentralized way too, so nothing particularly new here also...

I have an idea what could be an entirely new form of money (actually, it is not my idea), but first I would like to hear from you, guys, what you think about the truly new money that is yet to be invented or implemented

I think that the real money is the ones that are decentralized. Over the years people have been going back and forth between good money(money that is not controlled by government) and fiat currencies.

And bitcoin in my opinion is the next gen good money. Just like gold.

Indeed, you are right. Bitcoin has a criteria to replace the current currency we had it now but we just don't know when will gonna happen. Though now it is very trending and popular all around the world. And more investors are coming unto it and users also more increasing.
Bitcoin will never replace the current currency of ours in this world because bitcoin is not enough to replace it since it has a limited amount of supply and it is not created to be used by almost all the people since if we are going to compare the supply of 21 million to billions of population of the people then we can easily see that even in supply alone, we know that it is not enough to replace the current currency.