This is the next internet mania of the dotcom boom & bust and bitcoin mania of 2017, maybe with that virtual world video game thrown in. I've been watching cryptocurrency videos for the last year, and I think the rich are preparing something some think will be big as the industrial revolution, the digitization of money. Most transactions are already done without handing over money, so soon they could replace the transfer of cash between banks with cryptocurrency instantaneous transfers. There is a very expensive amount of settling that has to be done behind the scenes when you do business through the banking system. What if that went away, and retailers got to keep the money they currently give Visa etc.?

Bitcoin is hugely expensive and slow, controlled by Chinese miners (also a problem with Ethereum), and cannot be fractionated into small enough units to be a replacement for money, so I don't think it will be the winner. On the other hand, XRP is fast (less than 5 seconds to settle) and cheap (10,000ths of a penny for transactions) and has a 0% error rate while the Swift system takes days to settle international transactions, is also expensive, and prone to errors (6% is a number I hear alot).

There is a lot of talk on YouTube about CBDC (central bank digital currencies) taking over economies in place of the current monetary systems meaning you would have your bank exchange your money for the digital currency, and you would continue doing every thing like you have for decades. If you want to send money internationally, they will convert it to XRP, send that to the destination bank who would convert it to the local currency and hand it over less than a minute after it was sent.

The next big idea is ownership tracking/verifying real world statuses, and several tokens are heavily focused on this. VET, ADA, Ethereum, and Spark are some that I'm aware of. People are experimenting with various ideas. Maybe instead of paper tickets or a reservation kept in a private database, you'll get a digital token instead. These stunts are people experimenting with the various tokens. Some may get rich in the process, many will get scammed, people will have to learn which systems are trustworthy. In the end, progress will happen, and I think this will happen because those who have money want it to, and they'll drag us along for the ride. was not found on this server.