Friday, January 15, 2021

Steve Forbes Discusses Bitcoin and Money Replacement?

The video highlights some of the limitations of bit coin. I couldn't agree more. What I can say is that cryptocurrency isn't fully developed yet and isn't as useful as money. That may change in the future as as we move more and more digital. The biggest factor is portability and ease of use. If one were to use money for everyday purchases they would need a highly secure, portable, and easy to use currency accepted by most vendors. We might be a decade or more off until the digital economy has really set in on a global scale. This is one reason why I think the U.S. should embrace digital development and help secure itself as central to the intellectual innovation and world supply chains where the greatest value is created. 

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