Digital currency is not going away. It's here to stay.
Bitcoin and other cryptocurrencies are a form of money that's a stable field that the government can't destroy and can't distort. Because its creation is governed by the laws of mathematics. It can't happen any faster or slower than a certain rate, and it all sort of self-adjusts.
Bitcoin may herald the dawning of a new age in currency. It holds superior traits as a form of 'good money.' As a tangible form of asset (its core tangibility being its mathematical basis), it could become an incredibly important building block for the 21st century's global economy.
Cryptocurrencies will create a fifth protocol layer powering the next generation of the Internet.
The same way we can send and receive an email with anyone, anywhere, for free, or we can share a photo with anyone instantly for free, money will become these digital tokens, and we'll be able to do that with money.
Bitcoin is probably the most portable money in the history of the world. I can download any amount onto a thumb drive and walk across any border without any problems. Or, I could commit to memory a line of code that I can then input into the network and save or spend Bitcoins.
We should be moving toward local currencies not global or European currencies.
After PayPal, I never thought I would get interested in payments again. But bitcoin is fulfilling PayPal's original vision to create 'the new world currency.'
Cryptocurrencies are an emergent property of the Internet - almost a fifth protocol in the Internet suite. If Satoshi Nakomoto did not exist, it would still be necessary to invent them.
I'm much more confident with crypto than with banks or fiat currency because I can actually control it, and the money supply is transparent, stated up front. It makes online shopping a lot easier and a lot safer.
Crypto today is a libertarian paradise. If you send your money to the wrong place, it's gone. If you send it to a merchant and don't receive the goods, you have no recourse. This is cash. Treat it as such.
What if people could use the Internet to create a new kind of money, one that didn't involve governments and central banks and could be used anonymously, like cash?
The Internet's proven to be a pretty big deal for global society, and Bitcoin could basically be thought of as the Internet, applied to money.
