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.
Bitcoin is not only money, as we can see blockchain can be used almost in every sphere of our life (data storage, gaming, business, etc.). Some governments even intend to make the elections system based on blockchain (my country is among those and I'm really eager to see this idea being implemented).
Still, if talking about the financial aspect, bitcoin can be a real remedy for those who 1) want full control over their assets without banks asking them the purpose of their transactions; 2) wish to have a fully safe and reliable payments system (provided that they do not lose their credentials, of course); 3) think about the future of their kids and make regular deposits to their wallets.