Post
Topic
Board Beginners & Help
Re: Honestly, do you guys think cryptocurrencies will be gone anytime soon?
by
Herbet Fry
on 12/10/2019, 19:07:42 UTC
No, I don't think so. When we use to trade in livestock and then traded in coins that didn't go away did it? We might not use gold and silver coins but we still have coins to this very day. Then we went to credit cards and bank accounts. We are now at an even more digital stage past banking and credit cards and that is crypto. The only thing crypto will be replaced by would be an upgrade of it. No one can know what that would be but we sure can speculate.

I think eventually useless cryptocurrencies the market is filled with today will be gone, but it wouldn’t surprise me if one day there were thousands of purposed blockchains that show useful information. Imagine every service company you use having a blockchain showing your subscription and payment info.

This would have be another way round if the crypto currencies are to rule. For example every company will have a coin and that coin will have a variable value according to the strength of the company. This can be taken as stocks market in the present world where every a company stocks move up or down according to the progress.
Blockchain will not be limited to currencies only. Then all the data will be stored in blockchain which is easy to access and impossible to alter for corruption.

Yes, thank you that someone else understands this concept. This is exactly right and it is also how we can have a taxless society.