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OPINION: cryptocurrency the evolution of currency itself

             


            Cryptocurrency the evolution of currency itself 

The free-market, the sure plethora of transactions alone requires massive storage facilities just to log and record this information. Possibly the greatest tool evolution gave us was the ability to not only create but share and sell our creations which have allowed to raise ourselves with a clenched fist as being on the same trophic level as cattle to being the sole Breeders of them. We are a stepping stone in human civilization in which currency as knowing it isn't a bill attached to some percentage of gold locked in a vault next to a tank base but a virtual code that was solved for by massive computer systems. While fiat is controlled by oligarchical groups of traders, banks and lobbyists which are bowed to by federal reserves, these coins for the most part only have you the holder to be controlled by. With the recent fork within bitcoin and the immense similarities it has shown us what happens when currency even decentralized starts to get centralized by A 58 membered assembly of not elected representatives but the majority of mining powers and bitcoin giants. I think this is a cleaner indication like in every brand new industry that a flagship product is starting to slow down on its innovation and this is the best time for the crypto community to take its roots. With coins such as monero being specifically designed to be a private virtual currency and eth storage outpacing bitcoin, we could see the next step of evolution in this market. 

If not when the next market crash happens we could see an opportunity to spread this currency with others, there would be large liquidation of coins but if so it would be more stable then fiat we could take advantage and start forcing customers and our friends and family to start using crypto currency. The next generations will have only known digital life, this alone gives the next 50 years the calibration of change within society itself with services such as coinbase consumerizing cryptocurrency we might see the free-market change how its entire infrastructure is run. The next-gen a.i will be able to accurately handle smart contracts which will be contracted ran off of then peer to peer designs, why wouldn't then peer to peer currency be attached? If the industry keeps operating human intervention out of things then inevitably efficiency will improve with said industry, a perfect example is uber and its solely being a middleman between the two peers with which could comply be replaced with smart contracts. Why would people still want to put up with a fiat currency that has a whole industry as a middleman?

As a young trader peering into the past, I only see my generations gift is completely changing how the world economy works, not through violent revolution or social revolutions but developing the free market to shape it. 

 help me continue to provide cryptocurrency news and information, donate to your choice of coin.

Bitcoin: 1KpgU1XupddSjQzSyvhKr2o7bVXgjfD9br
Litecoin: LTQ4zzVA6q5U3tcejrpGckqjhAq1tZBhuu
Ehterum: 0x951d43482da20B896fd67405311e6dd219Fe52C9

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