i think we all are expecting to takeover paper money by digital currency. if we look around we can see the evolution of digital era. what do you think?
1. by which year digital currency will takeover our everyday things?
2.why you think that years?
3.how you see this change going to come?
Bitcoins will not take over cash in next 100 years in my opinion because:
1) All bitcoin transactions require cash. In my country, you will have no internet access at almost 40% of the places. Even at the remaining 60% places, internet is frequently down. Relying on bitcoin transactions is thus foolish. Cash has no such requirement.
2) While using cash, you do not have to spend extra money. For instance, if something is worth $10, you give the money and take that item. In case of bitcoins, there is additional transaction fee and it is not even instant.
These might sound like little things but are practical.
