DVTimes

The world has moved towards digital currency for a while now.

As a child in the UK during the 90's, my bank gave me a debit card, and it was the only thing I used to buy things. Back then not many shops took debit cards.

While some people still today prefer cash, I preferred a debit card, simply because I did not need to worry about having enough money on me, nor worry if I was mugged, as they would have to shop quick before I phoned the bank to inform them the card had been stolen.

We now have bitcoin and the many many many many many many versions. In truth they came out too soon.

The problem is people have the idea that bitcoins should have a value in the real world, when it is an online currency.

In the real world bitcoin does not exist. By this you cannot hold it. While gold does exist.

And then people have connected such as bitcoin to real money, and see it as something to profit from by hoping it will rise in value.

In the short term, many will indeed profit, especially if they purchased easy and sold the bitcoins at a larger value or traded it for real goods such as a house or possibly online goods such as land in a meta world.

Many many many people will loose out as at some point as history shows bitcoin will loose value and possibly crash to zero. The greedy will hold on till the last moment rather than cash out.

Indeed when I listen to those who make money buying and selling houses or shares or indeed anything. What they say is they never hold out for that bit extra profit, but sell, then move on. Many say they warn greedy people that it is a mistake to gamble, and that is often the way to loose.

But over the next few years, we will see more of a meta world. How this will develop will be interesting, and probably not anything as predicted.

We are sort of living this way now, as most people will chat via phone apps, and email. And send files to each other. You may have a business in the USA and the person who does your art may be in Japan, yet you work with ease.

The meta world is I suspect merging websites and so on much better.

It is probable that most shops, will end up online. In the UK many shops are closing or failing. People scared to go into shops in case they get covid and end up with a sneeze. Indeed the world has flipped on its side over nothing more than a new cold.

This is where digital currency such as bitcoin becomes far more interesting.

Online it starts to make sense to trade with a bitcoin type currency.

For instance if a bitcoin type currency becomes standard, then we can tell credit cards to shove there rules up there arse and run porn sites without constant new rules.

Many businesses would probably prefer it, as one wonders how one can pay tax when you can tax someone if they earn nothing. I fail to see how you can tax bitcoin or prove sales.

It is possible I predict that like me in the 1990's using debit cards and in my life only ever using real money to pay models (if I did not pay models with cash, I probably would have never held real money in the last 20 or so years). One could see youth soon, only ever using bitcoin or a version of it.

But for a bitcoin to work, in many ways it must have zero value in the real world. As long as it has value next to real money, then real money will always be more important.

However the problem with such as bitcoin, is that we have new versions each day. And how long before each person in the world has a digital currency of there own?

It is likely if it does not already exist, that websites will offer you the chance to own your own bitcoin like currency.

This makes a standardised coin for a meta world, at this stage unlikely, and as such could holt a meta world development.

But the main and current problem is that such as bitcoin is being used as a way to make a quick profit. It means it changes value each moment. For me, this makes it pointless to use to sell items or memberships, as if I am sent xxx amount, while tomorrow it may be worth more, it could as easily be worth nothing.

Yet if a digital coin had no value in the real world, it would in an online world be worth using, simply because one bitcoin would have the same vale each day, and would be a value that those in the meta world decided.

By this I mean, people will themselves decide what a single bitcoin or version is worth. And as such set prices accordingly.

In theory it should stay the same value, as it may be less governed by inflation or what banks or governments do.

But my argument is, as long as bitcoins and other versions are connected to real money and are seen as a value of sorts in the real world, this destroys its use in a meta world.

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The problem is shilling as the top influencers are given coin to mention it and bail out. Without the hype or accountability for it we will see plenty of scam coins.

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