As far back as we can trace human history, the concept of money or trading/bartering has been around. From trading animals for craftsmanship to coins and bars made out of silver and gold to paper money backed by gold and silver to paper money backed by the government to cryptocurrency, money has come a long way. Given the brief history of money above it only seems natural that cryptocurrency is the next logical step in the economic timeline.
Bartering goods for services meant carrying around a bunch of stuff whenever one wanted to trade, and even then one could never guarantee that the woodworker wanted the sheep you were offering; perhaps he wanted ducks instead, something you didn't have. Then came the use of silver and gold coins as currency. This idea worked a lot better, now one didn't have to carry around a bunch of items in order for a potential trade. Silver and gold could be traded for craftsmanship, animals, housing, food, etc; it became the standard against goods and services were measured in terms of worth. Not to mention that gold and silver are valuable by themselves for practical reasons like medical practices. However the problem was that gold and silver were heavy and hard to obtain from their underground sources. Then came paper money, which many of us still use today. Initially paper currency (specifically in the U.S.) was backed by gold and silver from the bank, meaning that anyone could walk up to a bank and exchange their dollar bill for gold or silver. Now though, the banknotes are not backed by silver or gold, but by the government, meaning that the paper is only worth something as long as the government says its worth something. Under circumstances where the government is strong and stable, this is not a problem; however if a government fails then the money issued under that government becomes virtually worthless. Additionally paper currency can easily be lost, I've seen numerous bills that have fallen to the side of the road, as well as coins, but the one type of currency I haven't seen lying on the side of the road is, you guessed it, cryptocurrency.
Unlike currencies of the past, cryptocurrency is not tangible; you can't hold it in your hand, nor can you accidentally lose it under the couch. Cryptocurrency is also not backed by anything other than public support, by itself it isn't really worth anything. However in my opinion this makes it more special, the people are really in control of the price, as evidently shown by the dogecoin army. Cryptocurrency is, I believe, the natural future of the world's economy. As we rely more and more on electronics and social media for our lives, jobs, and entertainment, it only makes sense that our money will go virtual as well.
