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?
It makes a lot of sense to have a decentralized currency handled purely electronically and outside the control of any central banks. Existing payment networks and financial institutions are already pretty efficient and tie in with physical currency which people use daily without the need of electronic systems, that redundancy is always good. At the end of the day currency is just a way to store and trade a unit of value. However the amount of currency in circulation may need to change over time even with crypto and someone has to make that choice, which involves a lot of trust. The energy usage in proof of work is also quite high, so it'd be better to use a proof of stake model.