He said, Money is still money, but the technology for transferring it is improving.
It makes sense.
Because metal coins were used in ancient times. Then over time it turned into paper. We are currently living in the digital world. Now with the advancement of software technology, people no longer have to keep money in their pockets. It has reached a stage where billions of dollars can be kept in a single account through software alone.It is a security dependent and does not require losing money or any information.
Its name is Cryptocurrencies. It will be called the present and the future.
Thanks to all the Bitcointalk members whose discussions have made cryptocurrency so advanced today.
It's funny really because if all the conversation around energy consumption is true then it's actually a step backwards. He is actually a terrible hypocrite really, because anyone who has used Binance recently will know that the fees to move currency out of their wallets are extortionate - fixed price and not updated for months after the value has moved massively. I remember paying something like $27 to move out around $100 worth of Bitcoin. Visa/Mastercard/American Express are actually miles ahead with lower fees, the only "downside" is they cannot be used anonymously because their is always a paper trail back to the source (required to prevent money laundering).