FIAT
The government backed currencies I believe will be around for long time because government don't want to give up their monopoly on currencies, but as we see more and more countries accepting bitcoin as a site currency I believe paper money will be a thing of the past. And countries will attempt to use some form of electronic cash system, based of a blockchain technology that centrally controlled because there are more advantages in having a centrally controlled electronic cash system one of them being in control of the monetary system such as combating money laundering and illegal activities, And if you was a government know where your manager at all times it is much easier to know where you should lay down the taxes for the most benefit in economic terms. One of the biggest disadvantages of a government backed currency is the risk of hyperinflation due to bad decision making on the government's part.
But I also believe that The woman behind decentralising economy will take big steps combating government backed currencies since the system relies heavily on people being in debt. And when we see hyperinflation taking place in the country we almost always see some form of other currency taking its place for time being until the government get their currency at the control and at the moment we got bitcoin and other cryptocurrencies which can usually take the place of a government currency so instead of result of bartering system we can now use a cryptographic currency system which is accepted outside of one's own country.
Disrupt Economy
As we seen one more cryptocurrencies Emerging we will see it bigger disruption of government currencies it will be a battle for the cryptocurrencies to overpower the government backed currencies it is my belief that in the long run the cryptocurrencies will win that battle because people want more control especially if we se a series of hyperinflation of multiple government backed currencies. And when access to the Internet widely available it is easy to have a cryptocurrency, the problem arises in areas where Internet is hard to come by, there you do not have the freedom of moving your money as you see fit and that is what will hinder the adoption, But we are currently seeing big companies like SpaceX Google and I was trying to give Internet to Worldwide users even in the furthest regions of any given country.
And as we see the development in blockchain going further, allowing for more and more easy-to-use applications, We will also see an adoption going more and more mainstream even into smaller cryptocurrencies, I'm not a firm Believer that bitcoin will be the biggest coin in the long run but as we have seen with social media the sides starting it all slowly and things out and people move on to more lasting sites, It was with my space where people moved on to Facebook and now we see them move on from Facebook even though Facebook is big there comes a time when people need another place to gather, We have also seen the same currencies where from the early form of training was a barter based system, Moving onto a gold back system which was guaranteed by governments, moving further on to a debt based system, this happened slowly, but it happened and now we begin to move to a cryptographic system, this is still a new technology and it will take years to reach a mass adoption.
2017/2018 Are we in a bubble
It is my firm belive we are in a form of a bubble where alot of development is going on, a lot of things is experimented with, and as we saw in the dot.com bubble it was the same tendency were a lot of people made a lot of money but when it crashed there were many ho lost their life savings, and while the bubble went up there we a lot of experiments with companies making a lot of different things, but when the bubble burst the companies that survived came out strong and as big companies, and my belive is that cryptocurrency will have the same burst at some point where as the bubble burst most of the currencies will fall and the big coins with most support will be stronger and more useful. This will leave a few but god coins. Is 2018 the end of cryptocurrency bubble? NO but i believe it is were we will see more of a weed out of currencies on centralised exchanges, as they combat decentralised exchanges , and that battle the exchanges stand to lose unless they show them to be maret leeders and help form the market.
The fare future
As Elon Musk talk about living on Mars i think would a cryptocurrenciý survive that, and i think it could happen that humans live on Mars and with a distance when it is closest on 54.6 million kilometers and when it is furthest apart on 401 million kilometers it gives a radio delay on 3 - 21 minutes it will only give a longer confirmation time and will be somewhat useable or at least give the possibility of exchanging to a local currency the problem arises when we come further out to to something like jupiter's moons where we will have a delay on 33-53 minutes if we are in line of sight and longer delay when on the shadow side of jupiter, because we need to link up via satellite connection around jupiter, and this time table is set on radiowave if several thousand people are combating on using a digital channel for currency transfers we need a big communication network but within our solar system we still only talks hours so exchange to a local cryptocurrency will still be possible while enroute, do to the travel times.
