Is crypto the final stage in the evolution of money?

[Rruchi man]

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?

[1714933329]

1714933329

[1714933329]

1714933329

[1714933329]

1714933329

[1714933329]

1714933329

[cheezcarls]

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?

For me, maybe one day there will be something next to crypto in the evolution of money, but it’ll take centuries in my opinion for it to happen. One day, maybe the bank notes and physical coins we have are gonna cease to exist, and may see that every transaction is made digitally.

However, we might not exist during that day on whatever that new evolution is. We just don’t know what the future holds for us. We can only imagine about it. The world continues to evolve as we know it, as well as the money itself.

[bittraffic]

Evolution is continuous so it will not end and its just going to cycle. Maybe crypto is just another currency inserted but the cycle will still continue. Who knows we may be back again to accepting Salt or Seashells as currency in the next 1000 years.

Today, its very clear that energy is money. Putin used his gas which produces energy as leverage to potentially win over this war. Bitcoin which is also generated by energy (hash) but of course BTC is digital currency in the blockchain.

[Franctoshi]

There is nothing as constant as change (Charles Darwin). the world is a changing world, No one knows or will predict the future . Like back to the time when people just abodond trade by batter and embraced fiat currency ( the early stage of fiat system) during 18 Century or 19 century not sure, I don't think that people had the idea that a technology that would also be better than paper currency like Bitcoin would be in existence by now. So as at then too ,fiat currency seem to them as the last point of money and same thing is applicable to us in the evolution of money with cryptocurrency at this point in time.

[batang_bitcoin]

IMHO.
It is continuous progress. For now, it's good to stay and we're likely good with it as the final form of money. But time after time, we're going to see the evolution and another one that shall be better than this.
But who knows what it's going to look like? It's also possible that we go back to the old form as the trends are going there. We don't really know what's with it in the future or if it's the final form of money.

[zaesvlas]

Frankly speaking, it is rather difficult to make such forecasts. We see that the world is developing, and it is quite difficult to predict some things. I think there will still be a new form.

[Ozero]

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 can hardly be said that cryptocurrency is even the next stage in the evolution of money, not only its last stage. State money has a fundamental difference from cryptocurrency. With a few exceptions, money is a special kind of universal commodity used as a universal equivalent through which the value of all other commodities is expressed. Ideally, the nominal amount of money in the state should be equal to the sum of all goods that are in civil circulation in the state. If more money is produced than all the goods in the country, then we observe inflation. Cryptocurrency is generally not tied to the availability of goods in the state, its economy. This is a significant difference. Therefore, cryptocurrency cannot replace fiat. Cryptocurrency can be considered as a kind of money, because it has some advantages over government money. But, in my opinion, it should not be considered as a link in the evolution of government money.

[Coyster]

Your inquiry/question does not have an exact answer, at least just yet. For example when trade by barter was the medium of exchange, no one knew what was coming next to replace, supplement or act as an alternative to it, but something else did (commodity money). It is the same scenario now, cryptocurrencies are quite popular nowadays, but they are yet to even be completely adopted as a medium of exchange (even if they actually are). Thus my point is basically this, as the world continues to advance technologically, there is no way one can predict/say that this present crypto stage would be the last in the evolution of money/medium of exchange, something else would definitely surface down the line, but its level of success is what i can't predict at this very time.

[DrBeer]

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?

Well, why the last stage of evolution? I think when electronic, non-cash payments appeared, everyone said "ooh, well, that's the ultimate dream! All this is the limit!" Although until recently, everyone exchanged mugs made of some metals, and shortly before that, cowrie shells.
I think that this is not the last stage. Moreover, we are now talking about a technological evolutionary step. And it seems to me that the next stage will no longer be connected with technology, but with the very concept of money as such. Perhaps this will be a real unification of means of payment / systems, systems for assessing the value of other assets, while it will be tied to a person, for example, using a genetic code as an analogue of a key.

[bakasabo]

I dont think that cryptocurrency is a final stage of evolution. I believe that thousand, maybe ten thousand years will pass or something will happen with the Earth, when people would realize there is something more valuable than money.

Has anyone seen movie "In time"? There, people use time or life span as a payment method. Since we havent created a potion immortality, time might be one of future or final stage of evolution of money.

[cabron]

I dont think that cryptocurrency is a final stage of evolution. I believe that thousand, maybe ten thousand years will pass or something will happen with the Earth, when people would realize there is something more valuable than money.

Has anyone seen movie "In time"? There, people use time or life span as a payment method. Since we havent created a potion immortality, time might be one of future or final stage of evolution of money.

I saw the movie, the time zone they've had there is already a vulnerability and anyone can snatch time from someone else wrist. Seem not a very possible way to implement currency but sure TIME is valuable. We can never turn back time so that's very valuable. In the movie, anyone dies when thier time is over.

TIME can not be a currency. Chrono.Tech TIME has it already though which is this https://coinmarketcap.com/currencies/chrono-tech/
As far as I know, they have plans for TIME to be the fee for employees, I have no idea what happen to this project anymore.

I'm not gonna be around when something will exist to become a currency but maybe Elon can shower us some meteorites on earth and be it a currency one day.

[Crypto Library]

Whatever you say, I don't think it's time yet. Yes, the evolution of human money or wealth has evolved over time. But I don't think cryptocurrency has reached such a stage yet that it can be used against money. yes, you can say that we are near to this stage. But there is still a long way to go

[Freeesta]

This question has no answer today. It will take a long time for us to understand what is happening with the cryptocurrency and what methods of payment for goods will be in demand in the future. Today we see that the world we are used to is changing and no one knows what these changes will be. I prefer not to think about what will happen in the future, soon we will see what will change now.

[Gozie51]

The world in all aspect is going through evolution because evolution is change and change is not static. The use of money has witnessed different forms from trade by barter, cowries to notes and infact different countries have had to rebrand their notes by making different new inscription and changes on them. It will continue to change and like you said, it looks like cryptocurrency is coming into the space taking the use of money digital. If this eventually happens, nothing is static, another wave of evolution is likely to take over in another modification.

[Dhaniii]

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?

you're talking about the future that can't be predicted correctly and about evolution that will definitely happen over a long time as has happened recently. from the barter era to the era of coins and paper that we have been doing and now we have entered the digital era with the concept of exchanging or paying with crypto. so in my opinion, when crypto has been accepted by the world and there is a possibility of a big turmoil that can trigger new thoughts to overcome the world crisis, a new evolution of legal payments will be born.

[Alisha FR]

We cannot say that cryptocurrency is the end of the evolution of money. We can't imagine how advanced the technology will be in the future. However, until now cryptocurrency is still valid as a digital currency and can be used to make buying and selling goods. And crypto has the potential to replace fiat too. It's just that until now it is not easy to apply it to all corners of the region. Crypto has a place digitally, but not everyone can use digital well, citing network limitations or the tools they use.

[bakasabo]

I dont think that cryptocurrency is a final stage of evolution. I believe that thousand, maybe ten thousand years will pass or something will happen with the Earth, when people would realize there is something more valuable than money.

Has anyone seen movie "In time"? There, people use time or life span as a payment method. Since we havent created a potion immortality, time might be one of future or final stage of evolution of money.

I saw the movie, the time zone they've had there is already a vulnerability and anyone can snatch time from someone else wrist. Seem not a very possible way to implement currency but sure TIME is valuable. We can never turn back time so that's very valuable. In the movie, anyone dies when thier time is over.

TIME can not be a currency. Chrono.Tech TIME has it already though which is this https://coinmarketcap.com/currencies/chrono-tech/
As far as I know, they have plans for TIME to be the fee for employees, I have no idea what happen to this project anymore.

I'm not gonna be around when something will exist to become a currency but maybe Elon can shower us some meteorites on earth and be it a currency one day.

I meant time just as an example. But what I wanted to say, is that something that is ending, irreplaceable, something that is impossible to produce or replace, will be the final stage of evolution of money. Cryptocurrency can not be its final stage. At first we have food, beads, then gold, later we had paper money, followed by electronic fiat, then we have crypto. Payment methods will keep evolving.

[Dunamisx]

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?

Well i think working with what we have and can see will be the best advisable option for now, we have bitcoin which have proved outstanding amidst other crypto, i believe with time on a gradual process the world will all get used to the system and fiat note may not be totally eradicated for now, i also see the metaverse coming up with a higher technology with bitcoin and payment system and we cant fully predict what will happen in the nearest future but for now, bitcoin is moving in a faster pace to replace the fiat notes gradually and it may take a while to fully stand, the other way is the metaverse but we cant conclude anything about that not until its fully launched.

[istiak2277]

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?

You know what is so interesting about evolution? There is endless possibilities and it never stops. Human never stop learning and testing new things. This learning process continues because problem in human life keep appearing. There is a saying that " necessity is the mother of all invention". May be one day crypto will also lose its necessity and something else will took it place.

But there is no shame on saying that paper cash lose its necessity because of online marketplace. You can not use paper cash directly on a online market place. You have to use electronic version of it. May be one day we will exchange energy with exchange other instead of some metallic or electronic commodities.

[Lucius]

You know what is so interesting about evolution? There is endless possibilities and it never stops. Human never stop learning and testing new things. This learning process continues because problem in human life keep appearing. There is a saying that " necessity is the mother of all invention". May be one day crypto will also lose its necessity and something else will took it place.

I have a similar opinion, people will never accept that it is impossible to do something better than what currently exists, not only when it comes to finances, but in any other segment of our daily lives. This eternal competition actually contributes to the development of society (although not always for the better), and if it were not so we would still be living in a world without the advanced technology that surrounds us today.

How long cryptocurrencies will last and whether at some point a new innovator will come up with a revolutionary idea we can only guess. I believe this will inevitably happen, maybe 50, maybe 100 years from today - and what is happening today will be the subject of historians' study - much like today's historians are studying history.