Post
Topic
Board Economics
Re: Is crypto the final stage in the evolution of money?
by
serjent05
on 14/04/2022, 11:52:37 UTC
The next stage in the evolution of money is money, which allows transactions to be carried out with the power of thought (without the direct participation of technical devices).

They haven't been invented yet.

Are you saying things like telepathy or telekinesis?  This is kinda interesting.  I wanted to see how this kind of thing unfolds in financial industries but in my current understanding, it is somehow impossible. I think technical devices cannot be removed in the process of money transfers since there must be a record of transfers every time a person is doing transactions and that can't be done without technical devices.  Even implanted chip is a technical device itself.


Brilliant minds are out there, time will tell if there will be another innovation that would surpass crpyto currencies. However this is too early, there are rooms for improvements as of now. Monetary system right now have survived for thousands of years, and we are nowhere near from that. I guess we won't be able to see it for ourselves, 60 years and above we are gone in this world, so let the next generation decide if they will still be using crypto or make a new one.


True, crypto has many shortcomings, as of today it isn't fit yet to replace the current financial system because of several technical reasons.  I hate to think that it is very possible that a new financial system that is more advance has fewer technical problems, and is more user-friendly will be introduced even before this crypto system is perfected.