Quote from: CrimBit on October 04, 2018, 10:24:25 AM

Quote from: Buttermellow on April 04, 2018, 09:47:53 AM

Today as we modernize some of the aspects in the economy like in the production wherein pneumatic machinery are being introduce. Thus, innovation has already prove its efficiency in the production which lowered the production cost. In the areas of transportation, there are cars also being introduced that run by a battery and efficient also and economy in terms of expenses maintenance compared to gasoline powered cars. Other than that there are already other inventions that promote the comfort of living in life. Thus, digital currency is another innovations. Could you consider bitcoin as the new innovations for fiat money? The answer will be used in my research term paper for the adaptation of unified digital currency that could be used by the people around the world.

Yes Bitcoin is also an innovation in the banking world, you also certainly know some countries prohibit the use of Bitcoin, because Bitcoin innovation eliminates the role of the Bank as a broker, whereas this innovation cuts transaction costs. obviously very profitable for Bitcoin holders but according to the bank this innovation is detrimental to them.

I think yes it is a result of the innovation of the world. A high technology in terms of payments, wherein the transactions is through internet. Soon to replace fiat money, when the wholeworld ready to adopted it.