Bitcoin to invalidate the monetary system. Bright Future
One person who knows a lot about bitcoin blockchain is Melanie Swan - philosopher and futurist at the Institute of Ethics and Emerging Technologies, a nonprofit organization which researches everything related to possibilities of science and technology in future. She sees enormous potential in Bitcoin.
"Bitcoin 1.0 is the introduction of the cryptocurrency. Bitcoin 2.0 is the contract that uses blockchains and is more comprehensive than cash transactions such as stocks, bonds, conditional, loans and smart property. Bitcoin 3.0 is blockchain beyond currency, finance and marketing, especially in areas as government, health, science, literacy, culture and art. "
Bitcoin 2.0 will continue to strengthen its legal protection and minimize the risks to federal control and governmental transparency.
Bitcoin should expect a bright future - Swan and others are 100% sure. Meanwhile we all witness a fight between typical idealists and crypto-anarchists on one hand and between consumers and profiteers on the other. The latter want influence the rest of the banking system and to become a part of this. Crypto-anarchists wants to "move on to other things", as Satoshi said before he disappeared from the network in 2011.
- There is a chance bitcoin has the future, says Robin Tegiland. However it is rather the future of cryptocurrencies in general. The most important technology is the blockchains underlying the monetary system. The technology has a future in the Internet of Things.
Internet of Things is the network of "things", the electronics and the software that goes beyond the relationship machine-to-machine and proceed to person-to-person.
Finally, what really is the money? How to read the final definition? David Graeber get the last word.
"The reason why anthropologists have not managed to present a simple, convincing explanation of origin of the funds is that there are no reasons for such explanations. Money is really 100% abstract thing."