Are we about to redefine money again with Bitcoin?

[Arne9131]

The article is good. I'll definitely share it with some guys interested in the topic. Thanks for sharing!
Yes, money will have to be redefined with Bitcoin.

Thanks, for the kind words. "Sharing is caring".

[Dudeperfect]

I really appreciate your efforts of building awareness about money and cryptocurrencies. It is my own experience that when we try to explain Bitcoin to someone who has absolutely no idea about it, we have to start explaining from the money itself and it is very surprising to see that we never understood how money really works. Probably that's the reason why centralisation became successful so far. However, with the evolution of decentralized currencies, things will start to change and we will see transformation literally in every sector out there in the coming decades. As a user, it is our responsibility to build awareness about it on our individual level. Aavadlela aahe!

[Arne9131]

I really appreciate your efforts of building awareness about money and cryptocurrencies. It is my own experience that when we try to explain Bitcoin to someone who has absolutely no idea about it, we have to start explaining from the money itself and it is very surprising to see that we never understood how money really works. Probably that's the reason why centralisation became successful so far. However, with the evolution of decentralized currencies, things will start to change and we will see transformation literally in every sector out there in the coming decades. As a user, it is our responsibility to build awareness about it on our individual level. Aavadlela aahe!

Thanks for the kind words. Decentralization would allow us to function, in ways like never before.

[bitcoinman93]

Good article, with bitcoin the money will be redefined because it is not an simple technology but it is revolution, it changes everything related to money.

it even goes beyond money, it's redefining the whole centralized systems we're facing now. I believe centralization might be needed, but it depends on how much centralization there is

[hdueuieo123]

Interestingly enough, Bitcoin's vitality is still a dazzling fire, depending on the economic fluctuations that the flame can emit or weaken. However, it has never been off since 2009 so far. And the future is elusive, but in general, we should hope for a beautiful Bitcoin era.

[Arne9131]

Interestingly enough, Bitcoin's vitality is still a dazzling fire, depending on the economic fluctuations that the flame can emit or weaken. However, it has never been off since 2009 so far. And the future is elusive, but in general, we should hope for a beautiful Bitcoin era.

I am still bearish about the role of Bitcoin. I am not entirely confident, about Bitcoin usability, as store-of-value or medium of exchange. Bitcoin has diverged from the path, envisioned by Nakamoto.

[Findingnemo]

we are still in the early stages of crypto currencies so it takes lot of time for the people to understand about the technology and then will use it.But the invention of the crypto currencies is a revolutionary thing and it can change the future of money system.

[Arne9131]

Yes, we do have an opportunity to change the monetary system for betterment.

[lungu113]

Redefining money with bitcoin is impossible because first, people in the world used money for daily life and bitcoin only used by few people. Few people means its not yet 50% of the world population knows bitcoin.

[sitnibtc]

No i don't think so. Fiat money will stay as it is. With crypto we are just intoducing a new kind of money, which will coexist with the existing kind. A new kind of currency.

[hometester]

how fast can we see bitcoin as a common currency? I doubt it. but the fact that bitcoin is a phenomenon-definitely

[sublime5447]

Good article, with bitcoin the money will be redefined because it is not an simple technology but it is revolution, it changes everything related to money.

Not just on money, but also on the economic, technological, and most importantly our mindset system. Bitcoin may never be able to replace FIAT but at least Bitcoin able to be the platform of online transaction for international use.

[williamcastaneda]

I tried to articulate why cryptocurrencies would be the future and redefine money again. The article talks about how and why money took the shape we have today, and how and why cryptocurrencies can also take that shape.

Please provide feedback if you have 10minutes. Clap and share if you find it interesting.

https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa

if the state does not prohibit bitcoin and the answer is yeah bitcoin can redefine the money already spread in that country

[Crypto24hrs]

Nothing is parminent in life and nothing is impossible, the so called fiat currency came as a result of technological advancement and so the arrival of Bitcoin as such money will have no choice than to allow it self to be redefined by the current technological advancement.

[rickyNmorty]

I really appreciate your efforts of building awareness about money and cryptocurrencies. It is my own experience that when we try to explain Bitcoin to someone who has absolutely no idea about it, we have to start explaining from the money itself and it is very surprising to see that we never understood how money really works. Probably that's the reason why centralisation became successful so far. However, with the evolution of decentralized currencies, things will start to change and we will see transformation literally in every sector out there in the coming decades. As a user, it is our responsibility to build awareness about it on our individual level. Aavadlela aahe!

Thanks for the kind words. Decentralization would allow us to function, in ways like never before.

I agree with this, there is no such thing as permanent in life, but it is a continuous change. We tend to improve everything in our lives. We make everything instant, digital, fast. We make things easier for everyone of us. In the end of it, we wished for everyone to benifit. With bitcoin we can do transactions more easily at the same time we will be efficient and effective. That ks why bitcoin is considered to be the king.

[Arne9131]

Good article, with bitcoin the money will be redefined because it is not an simple technology but it is revolution, it changes everything related to money.

Not just on money, but also on the economic, technological, and most importantly our mindset system. Bitcoin may never be able to replace FIAT but at least Bitcoin able to be the platform of online transaction for international use.

I believe Bitcoin should become the "money for the internet". Bitcoin as gold, may not work.

[Namara]

I tried to articulate why cryptocurrencies would be the future and redefine money again. The article talks about how and why money took the shape we have today, and how and why cryptocurrencies can also take that shape.

Please provide feedback if you have 10minutes. Clap and share if you find it interesting.

https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa

It is encouraging after all, but Bitcoin is still in a deep need of the corrections and regulations that will allow and empower it to become something more likely as money! It is not that easy.

[walemil]

The end will come to fiat currencies earlier than we even think, judging by the rate at which cryptocurrency is evolving. It is normal for fiat currency to be replaced having dominated for several years. The fiat currencies we see today are also a replacement for a certain type of money spent in the past.

[Arne9131]

The end will come to fiat currencies earlier than we even think, judging by the rate at which cryptocurrency is evolving. It is normal for fiat currency to be replaced having dominated for several years. The fiat currencies we see today are also a replacement for a certain type of money spent in the past.

Until cryptocurrencies are volatile, they will not replace fiat completely. The aim is not to replace fiat but to open a new market of new currencies.

[brooklynian]

It is just a matter of time, cryptocurrency will take over as the world's currency. The awareness is building up day by day. Money as a whole has gone through various transformation and fiat currencies will one day extinct. The process of eliminating the fiat currencies has begun.