Money as it is today will go away and that is for sure, cryptocurrency has expressed this intention from the get go. But while money on its present form may undergo metamorphosis the concept of capitalism will just adopt the value proposition of Bitcoin and other cryptocurrencies. Capitalism will always take advantage of the technology, the mass following and the community support of whatever platform that may soon appear. In short, it will just be better with the adoption of the the crypto technology. A lot of tech innovators, Elon Musk of Tesla himself declares in one of his interview and to quote:
“the Bitcoin structure is quite brilliant” and that there might be “some merit to Ethereum as well and maybe some others.”
“It bypasses currency controls,” Musk said. “Paper money is going away, and crypto is a far better way to transfer value than pieces of paper, that’s for sure. That has its pros and cons.”
And not only Elon, we have a number of billionaire tech innovators who know not only money but technology and how the future goes, to mention a few, guys like Jack Dorsey of Twitter, Wozniak of Apple, John McAffee and many others have mentioned a lot of praises in the venture of cryptocurrency and the way it improves people's lives.
Where does this leaves us? Educate yourself, history always tells us that it is on the side of innovators, value the benefits and embrace the changes that it is already providing and will soon provide to our lives
For a more thorough discussion for this case in point, please visit this article:
https://medium.com/@ChrisHerd/why-cryptocurrency-is-the-next-operating-system-for-capitalism-1ec28ea45aac
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The money will flow where there is less friction. In the long run, I think crypto will be the winning route. Nice post!
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Totally agree, in the long run it would be digital money that will have the bulk of transactions. I think all other forms of payments will still exist (even barter trading exist today) but majority of buying and selling will soon be taken over by cryptocurrencies.
Hi.... @arnel Basically that is indeed made to colonize
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Haha.. well said. Cryptocurrency will colonize the financial system today.
Long Live The Blockchain lets reset the corruption
I totally agree, Blockchain will somehow make more transparent transactions, not only efficient but a more honest one.
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