In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
I think some governments will do it, probably not as good as Bitcoin, since lacking the knowledge of
Austrian economics, they do not understand deflationary currencies. They might do them inflationary (infinite), and too centralized which would make them rather weak from a security standpoint.
Bitcoin is closer to gold than "today's money" (fiat). Simply because "today's money" is infinite, gold isn't.
Now matter how i see it, deflationary coins need the Austrian school ideas. If a State adopts this school, deflationary will work. This country will shine be a lighthouse in a sea of darkness, and then, only then might the others follow.
What do you think? Will you trade quick bubbles and crashes with slow but steady growth based on true accumulation of capital? This is what they should be asking themselves, should they even learn that such thing is actually possible in the first place...