Post
Topic
Board Economics
Re: Next generation money
by
cheann20
on 30/11/2017, 15:29:02 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 through mining. 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 as well...

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 (and gals), what you think about the truly new money that is yet to be invented or implemented

Yeah bitcoin is the next genaration money, but but as of now Bitcoin can hardly be called a good money since its creation is as centralized as any of fiats. There a lot of problem should be fixed and improved when we want bitcoin to become a real currency,