Is cryptocurrency the future of money?steemCreated with Sketch.

in #futuremoney7 years ago

I would say that cryptocurrency or more accurately public blockchains will be a paradigm shifting technology that will change the concept of commerce and redefine payment mechanisms, I will not go so far as to say that fiat currency or tokens or whatever, do not have their place as well.

It is an incredibly complex and nuanced question and the world is diverse and vast. The only thing I can say with certainty is that people tend to overestimate the change that is possible in 5 years and underestimate the change that will take place over 50 years. That is human nature.

I will also say that no matter how hard governements push back, public blockchain is here to stay. You CANNOT close Pandora’s box after it is open. But look inside, see there at the bottom? Yes, that is hope left inside. It is the hope that overall we are moving towards a better world!
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