Comments on: The Future of Money https://lifeboat.com/blog/2015/09/the-future-of-money Safeguarding Humanity Sat, 26 Sep 2015 08:17:41 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Philip Raymond https://lifeboat.com/blog/2015/09/the-future-of-money#comment-265175 Sat, 26 Sep 2015 08:17:41 +0000 http://lifeboat.com/blog/?p=17839#comment-265175 In Movers & Shakers #4, you list blockchain technology and digital currencies as “here to stay” and even “a possible backup currency”. Yet Bitcoin and other blockchain implementations seem to fit into your future vision as just transaction vehicle and not as a candidate for the actual value store. That is, you see it as competing with NFC, PayPal or Visa.

On this point, we disagree. Investors, economists and a growing number of consumers are beginning to think of and use Bitcoin as a currency acquired by exchange or trade and or whose value is established by supply and demand—rather than as a debit card that is pre-loaded with fiat value.

Philip Raymond
Cryptocurrency Standards Association

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