Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?
I think we still live fine without having Bitcoin being actively used in our real lives.
Oh well... In terms of transparency, i can take on Bitcoin's technology.
But which one is it that raised its value so much though?
Technology or People's attention?
Bitcoin is only 10 years old, it has many years to still grow. Bitcoin and the block-chain have come very far and to think, it all came from one mans dream to help change the world through a digitally improved version of your standard financial ledger. I think Bitcoin was only a simple proof of concept introducing and demonstrating the capabilities of the technological innovation of the block-chain, a decentralized, transparent and publicly distributed digital ledger that runs on a peer-2-peer network which prevents any tampering or alterations of it's logged transactions.
To answer your question, it is true, the current financial system works quite well, and is a whole lot faster to use than Bitcoin or cryptocurrency. This is only a time, because the block-chains are becoming much faster and the interfacing around this technology is becoming more user friendly.