A rising trend in the financial world has been the development of virtual currency. This is called altcoins. Many experts believe that the only way to survive the inevitable collapse of fiat currencies is to adopt cryptocurrency as the currency of the future.
Right now, we are experiencing the death of paper money and the financial system that have enabled it. Many people recognize this trend as the “end of days” for paper money.
In our digital media-driven society, it is nearly impossible to obtain money without some type of electronic transaction. This is a phenomenon that is becoming more prominent as less traditional businesses accept cash or checks.
This trend toward digital media will continue because technology is advancing so rapidly. We are living in a time when information is quickly disseminated on the internet.
Some people believe that cash is the way of the future, but this would be to completely ignore the fact that many types of entertainment are available to us that rely on cash. I can drive from Los Angeles to New York and not have to deal with any problems due to the fact that I have a credit card.
I am aware that we can trust a world bank, but you need to realize that the money supply is controlled by the banking institutions. They are not required to do anything to maintain the integrity of their money supply.
My challenge is to show people that digital media is a viable alternative. This requires a paradigm shift from the status quo because it is not happening in my generation.
The only reason why some people are still using traditional forms of money is because they are afraid of what is about to happen in the future. One of the reasons why I feel so strongly about this is because most of the older generation has been indoctrinated into believing that their generation will be left behind in a very important way.
After the information highway of the internet, the majority of the world’s population will be relying on fiat currencies. As the dollar collapses, it is inevitable that many of the other paper based assets will go with it.
The value of real estate will plummet along with precious metals, land, commodities, precious stones, and businesses. Without doubt, I foresee a decline in employment as a result of the economic collapse that is about to take place.
For me, it is all about the idea of virtual money. One of the reasons why I am convinced that this will be the future of online payments is because of the power of the internet.
A completely virtual future for online payments that will support all types of transactions and would never go away is what I believe the future will hold. This is something that cannot be eliminated in the near future.