Next generation money

[Zaducis]

They rare going to make a new form of money in the future and I believe that everything is going to be digital which is both positive and negative at the same time.
I hope that they are not going to rush things because I do not think we are ready for such a big change.

I think this blockchain technology is the starting point and with the advent of bitcoin, shall we say 20 years from now or less more improvement on the system and more bugs is fixed and more problems is addressed. Its a good start, slowly but surely we are getting there into the future.

With almost all transactions being digital then bitcoin may be the next generation money. With the advancement of technology and the bitcoin gaining popularity then people may opt to use digital money in the future since fiat currency is losing its value. For now, there are still so many people not aware of it but as time pass by, maybe a major event that will happen and made bitcoin popular even for those people that are not into technology and just stick to the old ways and it may convince them to use bitcoin then may be change has really come during this time.

Unlike Bitcoin, fiat can also be used in offline transactions (as paper money and specie). This is a great advantage, and unless Bitcoin somehow solves this "last mile problem", it will continue to remain inferior to fiat (in this respect). And even the theoretical possibility of resolving this issue is vague...

Since it would contradict the very concept of blockchain (I mean offline transactions)

That is right. Fiat cash is also anonymous. It can be a good tool in underground transaction without being detected.

[zodin]

's we can see that in new age the people's trend is toward the computer and internet, they are mostly spent their time in front of computer and using internet now the people have very little free time, so i think the new generation will give preference to crypto currency because they have easy access to crypto currency,

[ASHLIUSZ]

's we can see that in new age the people's trend is toward the computer and internet, they are mostly spent their time in front of computer and using internet now the people have very little free time, so i think the new generation will give preference to crypto currency because they have easy access to crypto currency,

Yeah everything in the world is moving digitally, so the digital currency will also be accepted, however some people will be there who will always stick to fiat currencies.

[Sanguintan]

's we can see that in new age the people's trend is toward the computer and internet, they are mostly spent their time in front of computer and using internet now the people have very little free time, so i think the new generation will give preference to crypto currency because they have easy access to crypto currency,

Yeah everything in the world is moving digitally, so the digital currency will also be accepted, however some people will be there who will always stick to fiat currencies.

Yes. The fiat currency will be used for long term. Criminals, drug dealers will prefer to use the fiat cash.

[panju1]

They rare going to make a new form of money in the future and I believe that everything is going to be digital which is both positive and negative at the same time.
I hope that they are not going to rush things because I do not think we are ready for such a big change.

I think this blockchain technology is the starting point and with the advent of bitcoin, shall we say 20 years from now or less more improvement on the system and more bugs is fixed and more problems is addressed. Its a good start, slowly but surely we are getting there into the future.

With almost all transactions being digital then bitcoin may be the next generation money. With the advancement of technology and the bitcoin gaining popularity then people may opt to use digital money in the future since fiat currency is losing its value. For now, there are still so many people not aware of it but as time pass by, maybe a major event that will happen and made bitcoin popular even for those people that are not into technology and just stick to the old ways and it may convince them to use bitcoin then may be change has really come during this time.

Unlike Bitcoin, fiat can also be used in offline transactions (as paper money and specie). This is a great advantage, and unless Bitcoin somehow solves this "last mile problem", it will continue to remain inferior to fiat (in this respect). And even the theoretical possibility of resolving this issue is vague...

Since it would contradict the very concept of blockchain (I mean offline transactions)

Physical bitcoins are an option.
Apart from the many collectors items prevalent now, I think a Japanese company also issued small plastic tokens.

[deisik]

They rare going to make a new form of money in the future and I believe that everything is going to be digital which is both positive and negative at the same time.
I hope that they are not going to rush things because I do not think we are ready for such a big change.

I think this blockchain technology is the starting point and with the advent of bitcoin, shall we say 20 years from now or less more improvement on the system and more bugs is fixed and more problems is addressed. Its a good start, slowly but surely we are getting there into the future.

With almost all transactions being digital then bitcoin may be the next generation money. With the advancement of technology and the bitcoin gaining popularity then people may opt to use digital money in the future since fiat currency is losing its value. For now, there are still so many people not aware of it but as time pass by, maybe a major event that will happen and made bitcoin popular even for those people that are not into technology and just stick to the old ways and it may convince them to use bitcoin then may be change has really come during this time.

Unlike Bitcoin, fiat can also be used in offline transactions (as paper money and specie). This is a great advantage, and unless Bitcoin somehow solves this "last mile problem", it will continue to remain inferior to fiat (in this respect). And even the theoretical possibility of resolving this issue is vague...

Since it would contradict the very concept of blockchain (I mean offline transactions)

Physical bitcoins are an option.
Apart from the many collectors items prevalent now, I think a Japanese company also issued small plastic tokens.

And how do you pay with them? Even if they are emitted by a trusted party, they would be pretty much useless once you access the private key...

Also, what about change? No change today?

[lionheart78]

They rare going to make a new form of money in the future and I believe that everything is going to be digital which is both positive and negative at the same time.
I hope that they are not going to rush things because I do not think we are ready for such a big change.

I think this blockchain technology is the starting point and with the advent of bitcoin, shall we say 20 years from now or less more improvement on the system and more bugs is fixed and more problems is addressed. Its a good start, slowly but surely we are getting there into the future.

With almost all transactions being digital then bitcoin may be the next generation money. With the advancement of technology and the bitcoin gaining popularity then people may opt to use digital money in the future since fiat currency is losing its value. For now, there are still so many people not aware of it but as time pass by, maybe a major event that will happen and made bitcoin popular even for those people that are not into technology and just stick to the old ways and it may convince them to use bitcoin then may be change has really come during this time.

Unlike Bitcoin, fiat can also be used in offline transactions (as paper money and specie). This is a great advantage, and unless Bitcoin somehow solves this "last mile problem", it will continue to remain inferior to fiat (in this respect). And even the theoretical possibility of resolving this issue is vague...

Since it would contradict the very concept of blockchain (I mean offline transactions)

Physical bitcoins are an option.
Apart from the many collectors items prevalent now, I think a Japanese company also issued small plastic tokens.

And how do you pay with them? Even if they are emitted by a trusted party, they would be pretty much useless once you access the private key...

And what about change? No change?

One thing i can see here, Bitcoin might have a great impact on the so called new generation money but bitcoin will never be the next generation money as what deisik is presenting and questioning about the transaction of bitcoin.  Money should be use everywhere, anywhere and anytime.  It should be use freely without any limitation or parameter that may limit it from using.  I know it should be something digital and at the same time tangible.  but I have no idea what would it be.

[romero121]

Digital currencies might get used to be the next generation currency. Most countries try making their own digital currency. Also if the adoption increases along with physical form or similar to paper money digital currencies will sure reach most people worldwide.

[deisik]

Digital currencies might get used to be the next generation currency. Most countries try making their own digital currency. Also if the adoption increases along with physical form or similar to paper money digital currencies will sure reach most people worldwide.

Most currencies are already digital for a few dozen years

[Farma]

Digital currencies might get used to be the next generation currency. Most countries try making their own digital currency. Also if the adoption increases along with physical form or similar to paper money digital currencies will sure reach most people worldwide.

Most currencies are already digital for a few dozen years

I think the use of digital money today amsih difficult, because a lot of people who still have low knowledge about it, but it is very difficult to carry out a transaction which is simple if done digitally. but, perhaps a time will come a time when the use of digital money will be very easy and fun without the use of paper money

[angaper]

I agree. A real revolution in the concept of money would involve something more than changing the payment processors, no matter how advanced it may seem, and to be honest I can't see a great difference between bitcoin and other currencies at the end of road.

[Sanguintan]

Digital currencies might get used to be the next generation currency. Most countries try making their own digital currency. Also if the adoption increases along with physical form or similar to paper money digital currencies will sure reach most people worldwide.

Most currencies are already digital for a few dozen years

I think he means the crypto currencies like the bitcoin and the Ethereum. They will be widely used in a few decades.

[BitcoinTeacher]

Fiat is not to me future money.Right now cryptocurrencies are future money so for fiat is not th future.I think that after 5-20 years that fiat crptocurrency will not exist anymore o maybe it wil exist nobody don't know.

[ontrackk]

They rare going to make a new form of money in the future and I believe that everything is going to be digital which is both positive and negative at the same time.
I hope that they are not going to rush things because I do not think we are ready for such a big change.

I think this blockchain technology is the starting point and with the advent of bitcoin, shall we say 20 years from now or less more improvement on the system and more bugs is fixed and more problems is addressed. Its a good start, slowly but surely we are getting there into the future.

With almost all transactions being digital then bitcoin may be the next generation money. With the advancement of technology and the bitcoin gaining popularity then people may opt to use digital money in the future since fiat currency is losing its value. For now, there are still so many people not aware of it but as time pass by, maybe a major event that will happen and made bitcoin popular even for those people that are not into technology and just stick to the old ways and it may convince them to use bitcoin then may be change has really come during this time.

Unlike Bitcoin, fiat can also be used in offline transactions (as paper money and specie). This is a great advantage, and unless Bitcoin somehow solves this "last mile problem", it will continue to remain inferior to fiat (in this respect). And even the theoretical possibility of resolving this issue is vague...

Since it would contradict the very concept of blockchain (I mean offline transactions)

That is right. Fiat cash is also anonymous. It can be a good tool in underground transaction without being detected.

fiat is not anonymous at all, if you want to make a purchase with fiat online then you will be detected for sure, also irl there might be humans who would remember you

[crairezx20]

They rare going to make a new form of money in the future and I believe that everything is going to be digital which is both positive and negative at the same time.
I hope that they are not going to rush things because I do not think we are ready for such a big change.

I think this blockchain technology is the starting point and with the advent of bitcoin, shall we say 20 years from now or less more improvement on the system and more bugs is fixed and more problems is addressed. Its a good start, slowly but surely we are getting there into the future.

With almost all transactions being digital then bitcoin may be the next generation money. With the advancement of technology and the bitcoin gaining popularity then people may opt to use digital money in the future since fiat currency is losing its value. For now, there are still so many people not aware of it but as time pass by, maybe a major event that will happen and made bitcoin popular even for those people that are not into technology and just stick to the old ways and it may convince them to use bitcoin then may be change has really come during this time.

Unlike Bitcoin, fiat can also be used in offline transactions (as paper money and specie). This is a great advantage, and unless Bitcoin somehow solves this "last mile problem", it will continue to remain inferior to fiat (in this respect). And even the theoretical possibility of resolving this issue is vague...

Since it would contradict the very concept of blockchain (I mean offline transactions)

That is right. Fiat cash is also anonymous. It can be a good tool in underground transaction without being detected.

fiat is not anonymous at all, if you want to make a purchase with fiat online then you will be detected for sure, also irl there might be humans who would remember you

It needs a real information before you can buy online like amazon and use your paypal it needs to verify first with your bank and real identity before you can start transaction an buy online stuffs..

[sanas]

They rare going to make a new form of money in the future and I believe that everything is going to be digital which is both positive and negative at the same time.
I hope that they are not going to rush things because I do not think we are ready for such a big change.

I think this blockchain technology is the starting point and with the advent of bitcoin, shall we say 20 years from now or less more improvement on the system and more bugs is fixed and more problems is addressed. Its a good start, slowly but surely we are getting there into the future.

With almost all transactions being digital then bitcoin may be the next generation money. With the advancement of technology and the bitcoin gaining popularity then people may opt to use digital money in the future since fiat currency is losing its value. For now, there are still so many people not aware of it but as time pass by, maybe a major event that will happen and made bitcoin popular even for those people that are not into technology and just stick to the old ways and it may convince them to use bitcoin then may be change has really come during this time.

Unlike Bitcoin, fiat can also be used in offline transactions (as paper money and specie). This is a great advantage, and unless Bitcoin somehow solves this "last mile problem", it will continue to remain inferior to fiat (in this respect). And even the theoretical possibility of resolving this issue is vague...

Since it would contradict the very concept of blockchain (I mean offline transactions)

That is right. Fiat cash is also anonymous. It can be a good tool in underground transaction without being detected.

fiat is not anonymous at all, if you want to make a purchase with fiat online then you will be detected for sure, also irl there might be humans who would remember you

So far, the US dollar is the most widely used underground money. That is due to the fact that it is anonymous.

[mindrust]

Until i find a serious amount of sellers who accept bitcoins as a currency no matter what the btc/usd price is,,, i won't consider it as a currency. Since nobody with a brain would do that, bitcoin will never be a currency. It has some value and it can be transferred very fast and that is about it.

[deisik]

Until i find a serious amount of sellers who accept bitcoins as a currency no matter what the btc/usd price is,,, i won't consider it as a currency. Since nobody with a brain would do that, bitcoin will never be a currency. It has some value and it can be transferred very fast and that is about it.

Money is what money does. It is not enough to call something a currency, it should be used as a currency, i.e. facilitate the exchange of goods and services. Until then it is no more than a financial asset bordering on Ponzi. Especially if, like Bitcoin, it doesn't have any intrinsic value apart from that of a currency...

Which Bitcoin only pretends to be so far

[OROBTC]

They rare going to make a new form of money in the future and I believe that everything is going to be digital which is both positive and negative at the same time.
I hope that they are not going to rush things because I do not think we are ready for such a big change.

I think this blockchain technology is the starting point and with the advent of bitcoin, shall we say 20 years from now or less more improvement on the system and more bugs is fixed and more problems is addressed. Its a good start, slowly but surely we are getting there into the future.

With almost all transactions being digital then bitcoin may be the next generation money. With the advancement of technology and the bitcoin gaining popularity then people may opt to use digital money in the future since fiat currency is losing its value. For now, there are still so many people not aware of it but as time pass by, maybe a major event that will happen and made bitcoin popular even for those people that are not into technology and just stick to the old ways and it may convince them to use bitcoin then may be change has really come during this time.

Unlike Bitcoin, fiat can also be used in offline transactions (as paper money and specie). This is a great advantage, and unless Bitcoin somehow solves this "last mile problem", it will continue to remain inferior to fiat (in this respect). And even the theoretical possibility of resolving this issue is vague...

Since it would contradict the very concept of blockchain (I mean offline transactions)

Physical bitcoins are an option.
Apart from the many collectors items prevalent now, I think a Japanese company also issued small plastic tokens.

There is a new & cheap hardware wallet now out (Opendime) that are similar to physical bitcoins.  They are cheap USB sticks that are cleverly designed BTC wallets.  These are meant to be passed around once you have loaded BTC onto them, when the device is passed to someone else (as payment or a gift), that transfer is like cash, an "offline" transaction.  The Opendime sticks are cheap & disposable, it is hard to describe in just a few words so I refer you to here:

https://opendime.com/

I have ordered three to check them out.  It's an interesting idea.  They also have their own thread at "Project Development".

[airsounds]

They rare going to make a new form of money in the future and I believe that everything is going to be digital which is both positive and negative at the same time.
I hope that they are not going to rush things because I do not think we are ready for such a big change.

I think this blockchain technology is the starting point and with the advent of bitcoin, shall we say 20 years from now or less more improvement on the system and more bugs is fixed and more problems is addressed. Its a good start, slowly but surely we are getting there into the future.

With almost all transactions being digital then bitcoin may be the next generation money. With the advancement of technology and the bitcoin gaining popularity then people may opt to use digital money in the future since fiat currency is losing its value. For now, there are still so many people not aware of it but as time pass by, maybe a major event that will happen and made bitcoin popular even for those people that are not into technology and just stick to the old ways and it may convince them to use bitcoin then may be change has really come during this time.

Unlike Bitcoin, fiat can also be used in offline transactions (as paper money and specie). This is a great advantage, and unless Bitcoin somehow solves this "last mile problem", it will continue to remain inferior to fiat (in this respect). And even the theoretical possibility of resolving this issue is vague...

Since it would contradict the very concept of blockchain (I mean offline transactions)

That is right. Fiat cash is also anonymous. It can be a good tool in underground transaction without being detected.

for me fiat is not anonymous enough, besides that i think that using bitcoins might have way less fees thats why i use bitcoins over all the other money