Is crypto the final stage in the evolution of money?

[forward_habit_9365]

There's nothing finite when it comes to innovation, so this is pretty much impossible to answer.

[Serco]

Although I would like to think. Crypto-Currency as the final stage of Evolution, but truth be told the world is constantly changing and even when the coin and Note form of money came about I think everyone would have thought it would be the final stage. So we aren’t sure but what I can say is Crypto-Currency would be a relevant part of the future, it may even go through several changes itself along the way.

Revolution in finance system will bring new technology which is maybe opposed by any government. and so with cryptocurrency as revolution in payment system there alot countries opposed this existance and even issue political policy to bannd it. maybe if fully applied in world system ,alot us could save alot cost.

[Agbe]

Crypto and barter trading has some similarities.
Barter is a decentralized system of buying and selling of goods and services. The individuals own their goods and exchanged it with another person goods. As that the government can not control the barter system of trading and that the same method is applying to Crypto Currency trading.

Barter trading x👇




Crypto Currency is one of the best currency in the world by reaching out government control. And also it has the highest value rate the currency exchange market. But I don't think crypto currency will take over the world Currency or economy system, because as it is, it is only few Countries have the Crypto Currency ATM machine. And it is not physical currency and also it is online. Therefore, how many people in the world have access to the internet?

Crypto trading 👇


I still believe that barter system might still come back again from the evolution point of view.

[Fivestar4everMVP]

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, In as much as crypto looks like it will likely be the last evolution of money, I honestly do not think it will be the last, this is because, 30 years ago, we never thought there would one day be crypto which would want to replace paper money which was the dominant form of exchange back then, but here we are today, itz happening.

In the same vain, we are currently not thinking of anything that can or could possibly replace crypto in the future, but then the world is a crazy place, someone whom isn't even formed in his or her mother's womb yet, might be given birth to with a new fresh idea which might turn out phasing out crypto, so we never can really say never.

[CaVO32]

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, In as much as crypto looks like it will likely be the last evolution of money, I honestly do not think it will be the last, this is because, 30 years ago, we never thought there would one day be crypto which would want to replace paper money which was the dominant form of exchange back then, but here we are today, itz happening.

In the same vain, we are currently not thinking of anything that can or could possibly replace crypto in the future, but then the world is a crazy place, someone whom isn't even formed in his or her mother's womb yet, might be given birth to with a new fresh idea which might turn out phasing out crypto, so we never can really say never.

As long as humanity exists, the possibility will always be there. As you said, the one who may invent or create something new may not yet be here today. So I don't think, crypto will be the final stage of evolution of money. And we won't know the name of it up until it will be invented in the future.

[Rockstarguy]

Bitcoin and other Crypto Currencies have stand out ,but all this will be history some day as I don't think this is the final stage to money evolution..

But I still believe even if bitcoin won't be the final stage to money evolution,  bitcoin will still be relevant to the world.  I don't think their will be any digital projects of money that will be something different or far ahead of bitcoin, it will have some qualities of bitcoin expecially decentralization in nature. If it has some qualities that bitcoin has, then I will call it the advance form of bitcoin.

[Desmong]

There's nothing finite when it comes to innovation, so this is pretty much impossible to answer.

Since the world is revolving, more innovations are still ahead of us so I don't think cryptocurrency and blockchain will be the final stage of money. Everything is revolving to more suitable and easy way to make transaction. The blockchain world has come to stay and we are expecting more creativity that will change the way we use money. Science never stops so we are moving to somewhere.

[Pejoh Asu]

I think it's too much if we say that Cryptocurrencies is The Stage in the Evolution of Money, as we know that the presence of the internet makes everything unexpected and I'm sure that someday there will be a better system substitute for Crypto, then there is a new system again etc.

[minime0105]

Since the world is revolving, more innovations are still ahead of us so I don't think cryptocurrency and blockchain will be the final stage of money. Everything is revolving to more suitable and easy way to make transaction. The blockchain world has come to stay and we are expecting more creativity that will change the way we use money. Science never stops so we are moving to somewhere.

I believe that revolution is rotational and exceptional. Years introduce what will happen for it next year. No body knows that they is some thing call bitcoin for the world but when life permit we experience good and bad. Blockchain technology is not for the end product money. I can agree with you. Because creativity is taking over the world and new day new change it is time we are in this century

[Fortify]

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 makes a lot of sense to have a decentralized currency handled purely electronically and outside the control of any central banks. Existing payment networks and financial institutions are already pretty efficient and tie in with physical currency which people use daily without the need of electronic systems, that redundancy is always good. At the end of the day currency is just a way to store and trade a unit of value. However the amount of currency in circulation may need to change over time even with crypto and someone has to make that choice, which involves a lot of trust. The energy usage in proof of work is also quite high, so it'd be better to use a proof of stake model.

[Bitcoin2009]

Change will continue to happen because every moment someone thinks and acts, the world's scientists who keep experimenting will continue to make better things, and I'm sure that soon we will have a payment system that is better than crypto which currently has transaction fees. to more expensive.

[Freeesta]

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, In as much as crypto looks like it will likely be the last evolution of money, I honestly do not think it will be the last, this is because, 30 years ago, we never thought there would one day be crypto which would want to replace paper money which was the dominant form of exchange back then, but here we are today, itz happening.

In the same vain, we are currently not thinking of anything that can or could possibly replace crypto in the future, but then the world is a crazy place, someone whom isn't even formed in his or her mother's womb yet, might be given birth to with a new fresh idea which might turn out phasing out crypto, so we never can really say never.

Yes, we could not imagine such a situation. But I believe that today cryptocurrency and paper money do not replace each other. They exist in parallel. It is very difficult to predict what will happen in the future, but we understand that a person can produce many different options for payment systems and means of payment. As I already wrote, only time will tell if the cryptocurrency has an evolution.

[bangjoe]

I don't think money will stop evolving (let's say that). Because we know the changing times are getting more advanced coupled with the ease of access that now exists. I think it is possible that this crypto will become a part of history later because new innovations are created by the generation after us. Isn't it doubtful that the creator of Bitcoin first will bring about change? But look what's happening now, Bitcoin has stolen the world's attention. So nothing is impossible for the next evolution of money.

[Wong Gendheng]

I still remember when the ATM was found, many experts at that time said that the ATM connected to the bank was the best and last payment system, but the world continued to grow and then SMS banking appeared, internet banking and so on, I'm sure crypto is also not a final stage in the evolution of money.

[MiF]

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?

I think crypto it is very early to say that crypto is maybe the final stage in the evolution of money. I can say that many people used crypto now a days and many people also start believing on crypto, there are a lot of new crypto wallets that can easily convert crypto into fiat but still i can't say that crypto is the final stage of money, there are still a lot of unexpected things that can happen very soon and i think it is very early to predict about it.

[kapalmabur]

I still remember when the ATM was found, many experts at that time said that the ATM connected to the bank was the best and last payment system, but the world continued to grow and then SMS banking appeared, internet banking and so on, I'm sure crypto is also not a final stage in the evolution of money.

That's the way it is, because as long as technology continues to develop, I think the evolution of money will continue to exist.
indeed for now crypto is one of the good breakthroughs which we never imagined,
but anyway it's not the final stage and let's see in the future later

[tardezyx]

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.

In fact, you are way underthinking it.

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?

Crypto is not "money". "Money" is not crypto. "Money" is not "a medium of exchange" and "money" itself basically did not evolve since it has been established.

Nevertheless, up to this day, many economicians still do not recognize the findings of ethnologists made around 100 years ago and still think about "money" as a thing instead of acknowledging that it lies in the legal sphere.

In order to create a "money"-equivalent crypto at all, it needs - as with "money" - creditors and debtors, which clearly runs counter to the premise of decentralized verification and anonymity, since it involves contractual modalities with mutually liable parties who must of course know each other in order to ultimately be able to legally enforce their contractual claims, which only these two parties mutually negotiate and determine and not tens of millions of anonymized users who are legally intangible.

[19Nov16]

The development of technology is very fast, we never thought that the technology that we are currently proud of will be abandoned by people, of course 10 years ago we did not think that BlackBerry would die, even at that time many people said that BlackBerry was the last communication technology that could last up to hundreds of years Again, but it only took 5 years after that they stopped.

[tardezyx]

Crypto and barter trading has some similarities.
Barter is a decentralized system of buying and selling of goods and services. The individuals own their goods and exchanged it with another person goods. As that the government can not control the barter system of trading and that the same method is applying to Crypto Currency trading.
...
I still believe that barter system might still come back again from the evolution point of view.

Karl Polanyi's student George Dalton (1926-1991) demonstrated in 1982 that barter did not play a role in the beginnings of market society.

Furthermore, barter itself is an instant transaction while buying/selling is a debt contract with a scheduled pay date.

Assuming barter would be the origin of an economy or "money" ignores their foundation of power and legislation. Instead of acknowledging money as a child of the legal sphere it is reduced as a thing whereby all those barter fairy tales arose.

[jootn2kx]

Crypto definitely represents the next level of evolution of money, but it's also definitely not the last. As much as we love crypto, it's still too imperfect to be considered the end product of economic evolution.