| -People used to barter raw goods -Then people used placeholders instead of goods to barter, like precious gems or sea shells -Then people used gold coins -Then people used government approved gold coins -Then people used government approved fiat currency backed by gold -Then people used government approved fiat currency backed by nothing -> Now comes the fancy technology -Then people don't even use paper anymore they use credit cards, essentially moving numbers around in files or computers -Then people don't even use credit cards anymore they use accounts like PayPal ...but all of these are fundamentally transferring around fiat USD currency Well the next iteration is for them to skip fiat and transfer around digital currency so no governments control you at all. Cryptocurrencies are truly global currencies, the only ones that will ever matter. There have been proposals in the past to introduce global fiat currencies, but that's an age long gone - it's too late for anyone to bother with anything but cryptocurrencies They are decentralized, non-censorable (just make a new wallet, buy crypto in person, then use Tor), deflationary (fixed supply = rising in price over time, the opposite of fiat) The list of benefits goes on and on. It's a foregone conclusion that cryprocurrencies are the future, it's only a matter of time. The technology is not yet mature but once someone makes a venmo-like app that the normies can use to easily utilize crypto, it's game over for every other system, period Swiss bank account on your flash drive, swiss bank account in your BRAIN if you memorize your wallet seed phrase. The utility is indescribably large and we will have to fundamentally change our entire government and taxation system to be consumption based (sales taxes not income taxes) once this becomes mainstream, there is no stopping it |