The young generation (as we know) will never have Euros, nor Yen, nor Dollars, nor any type of currency in their wallets. They may not even have wallets. It will be their handheld life device. Maybe not children in upper income families, but the global masses of this generation and proceeding are/will be born in penury and in consistent debt throughout their lives. Thus with digital (see bitcoin a great example) blockchain based currency - the sky is the moon. Shit on the central bankers, the Fed, and the dollar. Bitcoin can really be adjusted.
See think of gold for example throughout the millenniums used as a currency and a backing base for any country's currency.
Then, just look at the gold charts, especially - well since I was born in September 1971 a month after free floating global fiat currency became the norm - a.k.a. the ending of the gold standard in the USA. So within years bitcoin is more valuable than gold and silver combined! The millennials in this century are the future and this type of "digital" currency will envelope their concept of currency. There will be ups or downs. And bitcoin may not always be around?
See, since this currency (bitcoin mining) like actual gold mining is backed by algorithms vs. a precious metal/product.
Thus you could see(?) a digital currency backed by time. For example the amount of service time in dollars can be determined in a time currency that values the service hour. So if it costs $100.00 to refringe X amount of rugs per hour in terms of labor, the same value can be applied in a digital time currency paradigm.
Also this time currency can include production units (like cases of cigarettes at RAI, candy bars at HSY, or rolls of underlays produced by a manufacturing plant in China) per employee labor hours.
So with production and services both under core GDP values that are backed by honestly "time periods", a digital time currency would would include service, production as well as labor.
I'm not bashing mining backed by algorithms hence me on SteemIt and a company that I hold for various accounts engaged in development, blockchain technology, and exchange. It is good to have a small position in blockchain digital currency backed by mining of algorithms. Yet remember Betamax vs. VHS, the 8 track vs. the cassette tape, and quickly soon after compact discs, etc. Some of you may not know of Netscape Navigator as a major player in search engines or Alta Vista, and so many others absorbed by Yahoo or just memories. Don't risk too much in any single currency is my best suggestion.
As my first post on finance/investing on Steemit, I wish to give a big thank you to Mr. Mannarinno; we've all watched him on YouTube for years.
Also, I think it is a great idea to give FB some competition as well. I also wish to thank local legend Greg Hunter who hosts Mr. Mannarino and so many others.
Last but not least, thank you PayMeFund brothers. My Dad got me in the "game" in 98, and since early 2000's, we (Dr. Dow, Oracle of Clemmons, Wizard of WestSide, and Market Hawk) have made many successful moves for our friends and family here in the Triad. I thank you, brothers, for the constant support.
LOTN
