Cryptocurrency the Future of Money

What will the future of money look like? Imagine walking into a restaurant and looking up at the digital menu board at your favorite combo meal. Only, instead of it being priced at $8.99, it’s shown as.009 BTC.

Can crypto really be the future of money? The answer to that question hinges on the overall consensus on several key decisions ranging from ease of use to security and regulations.

Let’s examine both sides of the (digital) coin and compare and contrast traditional fiat money with cryptocurrency.

The first and most important component is trust.
It’s imperative that people trust the currency they’re using. What gives the dollar its value? Is it gold? No, the dollar hasn’t been backed by gold since the 1970s. Then what is it that gives the dollar (or any other fiat currency) value? Some countries’ currency is considered more stable than others. Ultimately, it’s people’s trust that the issuing government of that money stands firmly behind it and essentially guarantees its “value.”

How does trust work with Bitcoin since it’s decentralized meaning their isn’t a governing body that issues the coins? Bitcoin sits on the blockchain which is basically an online accounting ledger that allows the whole world to view each and every transaction. Each of these transactions is verified by miners (people operating computers on a peer to peer network) to prevent fraud and also ensure that there is no double spending. In exchange for their services of maintaining the integrity of the blockchain, the miners receive a payment for each transaction they verify. Since there are countless miners trying to make money each one checks each others work for errors. This proof of work process is why the blockchain has never been hacked. Essentially, this trust is what gives Bitcoin value.

Next let’s look at trust’s closest friend, security.
How about if my bank is robbed or there is fraudulent activity on my credit card? My deposits with the bank are covered by FDIC insurance. Chances are my bank will also reverse any charges on my card that I never made. That doesn’t mean that criminals won’t be able to pull off stunts that are at the very least frustrating and time consuming. It’s more or less the peace of mind that comes from knowing that I’ll most likely be made whole from any wrongdoing against me.

In crypto, there’s a lot of choices when it comes to where to store your money. It’s imperative to know if transactions are insured for your protection. There are reputable exchanges such as Binance and Coinbase that have a proven track record of righting wrongs for their clients. Just like there are less than reputable banks all over the world, the same is true in crypto.

What happens if I throw a twenty dollar bill into a fire? The same is true for crypto. If I lose my sign in credentials to a certain digital wallet or exchange then I won’t be able to have access to those coins. Again, I can’t stress enough the importance of conducting business with a reputable company.

The next issue is scaling. Currently, this might be the biggest hurdle that’s preventing people from conducting more transactions on the blockchain. When it comes to the speed of transactions, fiat money moves much quicker than crypto. Visa can handle about 40,000 transactions per second. Under normal circumstances, the blockchain can only handle around 10 per second. However, a new protocol is being enacted that will skyrocket this up to 60,000 transactions per second. Known as the Lightning Network, it could result in making crypto the future of money.

The conversation wouldn’t be complete without talking about convenience. What do people typically like about the their traditional banking and spending methods? For those who prefer cash, it’s obviously easy to use most of the time. If you’re trying to book a hotel room or a rental car, then you need a credit card. Personally, I use my credit card everywhere I go because of the convenience, security and rewards.
Did you know there are companies out there providing all of this in the crypto space as well? Monaco is now issuing Visa logo-ed cards that automatically convert your digital currency into the local currency for you.

If you’ve ever tried wiring money to someone you know that process can be very tedious and costly. Blockchain transactions allow for a user to send crypto to anyone in just minutes, regardless of where they live. It’s also considerably cheaper and safer than sending a bank wire.

There are other modern methods for transferring money that exist in both worlds. Take, for example, applications such as Zelle, Venmo and Messenger Pay. These apps are used by millions of millennials everyday. Did you also know that they are starting to incorporate crypto as well?

This entry was posted in Uncategorized. Bookmark the permalink.

307 Responses to Cryptocurrency the Future of Money

  1. Pingback: ivermectin 8000 mcg

  2. Pingback: generic viagra online no prescription

  3. Pingback: online cheapest viagra with mastercard

  4. Pingback: ivermectine buy

  5. Pingback: buy oral ivermectin

  6. Pingback: albuterol uk

  7. Pingback: protocol covid

  8. Pingback: dr syed haider

  9. Pingback: medicament ivermectin

  10. Pingback: ivermectin tablets order

  11. Pingback: ivermectin cream 1

  12. Pingback: ivermectin 3mg pill

  13. Pingback: ivermectin 3mg price

  14. Pingback: stromectol canada

  15. Pingback: ivermectin iv

  16. Pingback: ivermectin tablet price

  17. Pingback: stromectol uk

  18. Pingback: ivermectin tablets for sale

  19. Pingback: stromectol for sale

  20. Pingback: how much does ivermectin cost

  21. Pingback: ivermectin tablets

  22. Pingback: ivermectin

  23. Pingback: where can i buy ivectermin

  24. Pingback: ignition casino deposit

  25. Pingback: madridbet

  26. Pingback: meritking

  27. Pingback: meritroyalbet

  28. Pingback: ivermectin uk

  29. Pingback: cialis generic

  30. Pingback: order generic prednisone

  31. Pingback: buy cialis online

  32. Pingback: tadalafil generic india

  33. Pingback: elexusbet

  34. Pingback: meritroyalbet

  35. Pingback: meritroyalbet

  36. Pingback: meritroyalbet

  37. Pingback: canadian pharmacy provigil drug

  38. Pingback: buy generic viagra online canada

  39. Pingback: warnings for sildenafil

  40. Pingback: where can i buy cialis online usa

  41. Pingback: sildenafil citrate tablets

  42. Pingback: medshuku how to get cialis

  43. Pingback: baymavi

  44. Pingback: baymavi

  45. Pingback: cheap generic sildenafil pills

  46. Pingback: happy family store sildenafil pills

  47. Pingback: cheap cialis india

  48. Pingback: best tadalafil

  49. Pingback: can you buy cialis without a prescription

  50. Pingback: tombala siteleri

  51. Pingback: apo prednisone 20mg

  52. Pingback: prednisone 20mg tab

  53. Pingback: 2chapman

  54. Pingback: 3flawless

  55. Pingback: cialis genérico

  56. Pingback: liquid ivermectin

  57. Pingback: does prednisone make you sleepy

  58. Pingback: generic cialis

  59. Pingback: generic viagra online purchase

  60. Pingback: meritroyalbet

  61. Pingback: eurocasino

  62. Pingback: free online slots that pay real money

  63. Pingback: cialis coupon

  64. Pingback: calis

  65. Pingback: cialis online

  66. Pingback: stromectol sale

  67. Pingback: ivermectin pills for people

  68. Pingback: cialis generic

  69. Pingback: cialis tadalafil

  70. Pingback: ivermectina pastillas

  71. Pingback: ivermectin 3 mg tabs

  72. Pingback: purchase ivermectin

  73. Pingback: ivermectin 3mg tabs

  74. Pingback: can you buy generic cialis in canada

  75. Pingback: ivermectin eye drops

  76. Pingback: ivermectin 3 mg tablet dosage

  77. Pingback: cost of stromectol

  78. Pingback: buy ivermectin 12mg tablets

  79. Pingback: meritroyalbet

  80. Pingback: meritking

  81. Pingback: meritking

  82. Pingback: eurocasino

  83. Pingback: trcasino

  84. Pingback: eurocasino

  85. Pingback: eurocasino

  86. Pingback: ambienonline

  87. Pingback: madridbet

  88. Pingback: cialis without prescription

  89. Pingback: top rated online canadian pharmacies

  90. Pingback: trust pharmacy canada

  91. Pingback: canadian pharmacy online 24

  92. Pingback: hydroxychloroquine generic name

  93. Pingback: derkuy.timeblog.net45076032key-pieces-of-online-pharmacies

  94. Pingback: weruybsd.fireblogz.com39575666four-issues-to-do-immediately-about-online-pharmacies

  95. Pingback:

  96. Pingback: canadian pharmacy online 24

  97. Pingback:

  98. Pingback: ivermectin buy online

  99. Pingback: telegra.phIs-It-Safe-To-Lift-COVID-19-Travel-Bans-04-06

  100. Pingback: online pharmacies

  101. Pingback:

  102. Pingback:

  103. Pingback: canadian pharmacycanadian pharmacy

  104. Pingback: northwestpharmacy

  105. Pingback: cialis over the counter at walmart

  106. Pingback:

  107. Pingback:

  108. Pingback: ivermectin corona

  109. Pingback: child porn

  110. Pingback: generic cialis otc

  111. Pingback: ghswed.wordpress.com20220427he-final-word-information-to-online-pharmacies

  112. Pingback:

  113. Pingback: kuebser.estranky.skclankysupereasy-methods-to-study-every-part-about-online-medicine-order-discount.html

  114. Pingback: kewertyn.wordpress.com20220427expect-more-virtual-house-calls-out-of-your-doctor-thanks-to-telehealth-revolution

  115. Pingback: canadian pharmaceuticals online

  116. Pingback: heswcxc.wordpress.com20220430online-medicine-tablets-shopping-promotion-one-hundred-and-one

  117. Pingback: canadian pharmacies online

  118. Pingback:

  119. Pingback:

  120. Pingback:

  121. Pingback:

  122. Pingback: 6270e49a4db60.site123.meblogthe-untold-secret-to-mastering-aspirin-in-just-7-days-1

  123. Pingback:

  124. Pingback:

  125. Pingback: canada drug

  126. Pingback:

  127. Pingback:

  128. Pingback: drugstore online

  129. Pingback:

  130. Pingback: sekyuna.gonevis.comthree-step-guidelines-for-online-pharmacies

  131. Pingback:

  132. Pingback:

  133. Pingback: canada pharmacy online

  134. Pingback:

  135. Pingback: best canadian pharmacy

  136. Pingback: safe canadian online pharmacies

  137. Pingback: canadian prescription drugstore

  138. Pingback: canadian discount pharmacies

  139. Pingback: canada viagra

  140. Pingback:

  141. Pingback: canadian pharmacy online 24

  142. Pingback: canada online pharmacies

  143. Pingback:

  144. Pingback:

  145. Pingback: canadian pharmacies online

  146. Pingback: gewsd.estranky.skclankydrugstore-online.html

  147. Pingback: are frontline workers taking hydroxychloroquine

  148. Pingback: kqwsh.wordpress.com20220516what-everybody-else-does-when-it-comes-to-online-pharmacies

  149. Pingback:

  150. Pingback:

  151. Pingback:

  152. Pingback:

  153. Pingback: asebg.bigcartel.comcanadian-pharmacy

  154. Pingback: medicine-online.estranky.skclankyunderstand-covid-19-and-know-the-tricks-to-avoid-it-from-spreading-----medical-services.html

  155. Pingback:

  156. Pingback: viagra canada

  157. Pingback:

  158. Pingback:

  159. Pingback:

  160. Pingback:

  161. Pingback: canadian pharmacies

  162. Pingback: safe canadian online pharmacies

  163. Pingback: canadian rx world pharmacy

  164. Pingback:

  165. Pingback:

  166. Pingback: madridbet

  167. Pingback:

  168. Pingback: best canadian mail order pharmacies

  169. Pingback: gevcaf.estranky.czclankysafe-canadian-online-pharmacies.html

  170. Pingback: canadian rx world pharmacy

  171. Pingback: kwervb.estranky.czclankycanadian-government-approved-pharmacies.html

  172. Pingback: bahis siteleri

  173. Pingback: buy viagra online usa

  174. Pingback: canadian pharmacies mail order

  175. Pingback: prescriptions from canada without

  176. Pingback: iercvsw.wordpress.com20220614canadian-pharmacies-the-fitting-manner

  177. Pingback: meritroyalbet

  178. Pingback:

  179. Pingback:

  180. Pingback:

  181. Pingback: canadian pharmacies shipping to usa

  182. Pingback:

  183. Pingback: canadian pharmacy viagra brand

  184. Pingback: sandbox.autoatlantic.comcommunityprofilekawxvb

  185. Pingback:

  186. Pingback: canadian pharmacycanadian pharmacy

  187. Pingback: stromectol 3mg online

  188. Pingback:

  189. Pingback:

  190. Pingback:

  191. Pingback: cialis canadian pharmacy

  192. Pingback: www.divephotoguide.comuserpharmaceuticals

  193. Pingback:

  194. Pingback:

  195. Pingback: stromectol 6mg pills

  196. Pingback:

  197. Pingback: canada pharmacies online prescriptions

  198. Pingback:

  199. Pingback: canada pharmacy

  200. Pingback: canadian pharmacy meds

  201. Pingback:

  202. Pingback: stromectol canada

  203. Pingback: www.artstation.compharmacies

  204. Pingback: www.formlets.comformsFgIl39avDRuHiBl4

  205. Pingback: selaws.estranky.czclankycanadian-government-approved-pharmacies.html

  206. Pingback:

  207. Pingback:

  208. Pingback:

  209. Pingback: canada pharmacy

  210. Pingback:

  211. Pingback: legitimate canadian mail order pharmacies

  212. Pingback: tadalafil generic

  213. Pingback: gswera.livejournal.com385.html

  214. Pingback: canadian pharmacy king

  215. Pingback:

  216. Pingback: legitimate canadian mail order pharmacies

  217. Pingback:

  218. Pingback:

  219. Pingback: canadian prescription drugstore

  220. Pingback: online canadian pharmacy

  221. Pingback:

  222. Pingback:

  223. Pingback: canada drug pharmacy

  224. Pingback:

  225. Pingback: cialis over counter at walmart

  226. Pingback:

  227. Pingback: londondrugscanada.bigcartel.comlondon-drugs

  228. Pingback:

  229. Pingback: canadian pharmacy meds

  230. Pingback: canadian pharmacy viagra brand

  231. Pingback:

  232. Pingback: canadian pharmacys

  233. Pingback: canadian pharmacies that ship to us

  234. Pingback: canadian pharmacy online 24

  235. Pingback: no 1 canadian pharcharmy online

  236. Pingback: canadian pharmacy viagra

  237. Pingback:

  238. Pingback: canadian pharmacy uk delivery

  239. Pingback: buy tadalafil no prescription

  240. Pingback:

  241. Pingback:

  242. Pingback:

  243. Pingback: buy tadalafil

  244. Pingback:

  245. Pingback: kwxcva.estranky.czclankycialis-20-mg.html

  246. Pingback:

  247. Pingback:

  248. Pingback:

  249. Pingback:

  250. Pingback:

  251. Pingback: buy tadalafil online

  252. Pingback:

  253. Pingback: buy tadalafil pills

  254. Pingback:

  255. Pingback: buy cialis germany

  256. Pingback:

  257. Pingback: www.formlets.comformsfpN4Ll8AEnDHBAkr

  258. Pingback:

  259. Pingback:

  260. Pingback: telegra.phCialis-20mg-08-13

  261. Pingback: graph.orgTadalafil-20mg-08-13

  262. Pingback:

  263. Pingback:

  264. Pingback:

  265. Pingback:

  266. Pingback: buy viagra online usa

  267. Pingback: graph.orgPharmacies-in-canada-shipping-to-usa-08-12

  268. Pingback: telegra.phRecommended-canadian-pharmacies-08-12

  269. Pingback: graph.orgSafe-canadian-online-pharmacies-08-12

  270. Pingback: linktr.eecanadianpharmacies

  271. Pingback: buy viagra us pharmacy

  272. Pingback:

  273. Pingback:

  274. Pingback:

  275. Pingback: buy generic viagra

  276. Pingback: buy viagra without a doctor's prescription

  277. Pingback: buyviagraonl.livejournal.com386.html

  278. Pingback: buy cheap viagra coupon

  279. Pingback:

  280. Pingback:

  281. Pingback: buy viagra online safely

  282. Pingback:

  283. Pingback: A片

  284. Pingback: pornoizle}

  285. Pingback: buy viagra without a doctor's prescription

  286. Pingback:

  287. Pingback:

  288. Pingback:

  289. Pingback:

  290. Pingback: buy viagra pills online

  291. Pingback:

  292. Pingback: buy viagra online safely

  293. Pingback: buy viagra online us pharmacy

  294. Pingback: buy viagra pills

  295. Pingback:

  296. Pingback:

  297. Pingback:

  298. Pingback: meriking

  299. Pingback:

  300. Pingback: reallygoodemails.comonlineviagra

  301. Pingback: buy viagra online safely

  302. Pingback: hydroxychloroquine works

  303. Pingback: madridbet

  304. Pingback: hydroxychloroquine

  305. Pingback: meritking

  306. Pingback: grandpashabet

  307. Pingback: grandpashabet

Comments are closed.