Predicting the future with 100% accuracy is difficult. It’s unknowable if physical money will completely disappear.
The one thing I hold as an absolute constant, is humans are adaptable, humans will trade and use whatever they can, whatever is convenient, to their advantage.
Can you trade today, gold for a donut? Yes, but you’re going to put a lot of effort into that trade, just to find a counterparty. And then for the counterparty to verify it’s actually gold etc etc but you can do it.
Fascist governments like the centralized power, and that includes centralizing money, including peer-to-peer exchanges. So there’s always going to be the urge to control the absolute flow of all money. That being said, not every government has perfect cell phone coverage over their whole and nation, not all of their people have phones, not all of those phones are always on the network. The one thing money needs to do is work even offline.
Predicting the future with 100% accuracy is difficult. It’s unknowable if physical money will completely disappear.
The one thing I hold as an absolute constant, is humans are adaptable, humans will trade and use whatever they can, whatever is convenient, to their advantage.
Can you trade today, gold for a donut? Yes, but you’re going to put a lot of effort into that trade, just to find a counterparty. And then for the counterparty to verify it’s actually gold etc etc but you can do it.
Fascist governments like the centralized power, and that includes centralizing money, including peer-to-peer exchanges. So there’s always going to be the urge to control the absolute flow of all money. That being said, not every government has perfect cell phone coverage over their whole and nation, not all of their people have phones, not all of those phones are always on the network. The one thing money needs to do is work even offline.