I'm not sure internet native is the best word usage here. I would say it's a race to find the best, most anonymous most transparent and easiest to use currency for online payments.
I reckon the world would slowly turn into one with 2 payment methods, which make up the majority of transactions across the world. One for online purchases, like items from Amazon or buying in game currency for a game and the other one to be used in real life situations.
Anyway. If there was truly a race as described, Bitcoin would be winning it
I like the term internet native currency. Native means that the currency originates from the internet and internet is its natural environment. And this is true for all currencies mentioned in the article (bitcoin, Tether, Libra...)
Cash cannot be internet native currency, because you can only transfer it physically. Credit cards don't originate from the internet and the problem with PayPal is that it is not universally available because you needa bank account to open PayPal. Internet should be available to everyone.
Yep, a native internet currency would be one that would be soley used and one that was orginated from the internet, which doesn't include PayPal (since it's a real fiat currency), but could include Bitcoin (since it was made in the internet).
I agree, Bitcoin has come quite a long way, from a hovering above a few cents, to mooning and being worth almost $20,000 in less than 10 years from its original conception. I think Bitcoin receives the most support for now with Ethereum leading second in up to date development. However, I'm not sure how far Bitcoin will go, will they continue to update the source code when proof of work becomes completely obsolete? Will Bitcoin instead migrate to a different consensus algorithm, if it's even possible?
Bitcoin would be Bitcoin if it moved to a different alogorithim, since then that would be a different fork of it. It's stayed fairly stable and similar to it's old values throughout the years.