Post
Topic
Board Bitcoin Discussion
Re: Are we about to redefine money again with Bitcoin?
by
Arne9131
on 28/07/2018, 04:28:36 UTC
It really matters on what you mean when you're talking about this redefinition of money, I (personally) don't think that Bitcoin is going to end up being the currency of the world as so many would like to think it's going to be. But I DO THINK, that Bitcoin is going to bring innovation to the world currency stage -- be it with blockchain tech, and so on and so forth.

So even if Bitcoin does die, I do think that the world is going to gain the knowledge that a decentralized currency is possible. This is the most amazing part in my mind.

Maybe the title is a bit misleading. If you glance at the article, I have tried to overlay the evolution of money ( historically ) with evolution in cryptocurrency landscape. Bitcoin, Ethereum, EOS, and now stable currencies. I believe bitcoin fits well in commodity money category.

I am merely suggesting, for the first time in history, we have reached a point where it could be possible to build a price stable monetary system, which can be utterly decentralized as promised by Nakamoto, always adhered to a rule-based policy as advocated by Friedman, privately issued to compete against the monopoly of government-issued currencies as dreamt about by Hayek.