Post
Topic
Board Economics
Re: Is crypto the final stage in the evolution of money?
by
kryptqnick
on 17/04/2022, 18:27:43 UTC
I don't know if perhaps i'm overthinking this, but considering the evolution of money from the beginning of time where different things have served as a medium of exchange and now currently banknotes.

On same trend, we are slowly witnessing the evolution of  money to crypto and i can't help but wonder if crypto is the final stage or there may perhaps be another revolutionary idea to replace crypto as money after crypto has been accepted.

What do you think?
I don't think anything is final, that's how progress works. So crypto is a revolutionary idea, yes, and an idea like this can remain relevant for a long time (from decades to centuries, I guess), but eventually, the world will change, the economy will change, and something new will be created. It's impossible to imagine what that can be, just like imagining the Internet wasn't possible in the 19th century and imagining smartphones - even in the 20th century. So I think that it can't be final, because the world goes on and new ideas appear. But the significance of this invention is yet to be determined.