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RE: Social Bitcoin... The Digital Gold Rush
I wonder if we really know what it actually is right now. It looks like digital gold, but we might find out in the future that it is digital tin and something else was really that digital gold. We don't know what the supply forces are going to do to this investment as creation of the coins comes to an end here in the next couple years.
surely it is not cash, and never will be, i'm almost sure..
I believe one day we will probably have a form of this type of "currency" that will better mirror fiat currency in stability. It will all come down to it being universal acceptance and ease of conversion. We will need to be able pay and convert this magic currency with out the massive fees that now dominate these coins and tokens. The other problem is that what makes them great is what makes there actual adoption of currency a long shot. Realistically, there would have to be currency that has a some kind of governance that controls circulating quantities to maintain exchange rates between fiat currencies. But at that point, we have destroyed what makes these assets what they are.