The Future Of Money 

The digital currency researcher Neha Narula describes and paints In her TED talks ”The future of money ” a picture of a very different looking future.

She talks about using 'Cryptocurrency' in the future instead of traditional currency, so what is 'Cryptocurrency'?

A cryptocurrency: is a digital or virtual currency, such as Bitcoin and Ethereum, which is not run by any government, bank or intermediaries. Neha mentions in her TED talks.

Neha prefers to use this kind of money because she believes it is safer, transactions run faster and cost less than traditional methods. While this may be true, in fact, I do not trust in this type of currency. The program has been developed by individuals. Therefore, there may be errors or loopholes in the program. Moreover, others can modify the program and use it for self-interest.

I also think it is not easy to understand the mechanism of producing the Bitcoin. Though, anyone can download and run the software to produce the Bitcoin. However, the process is not as simple as expected. “If I tried to mine Bitcoin on my laptop, I probably wouldn't see any for about two million years. The miners, professional miners, use this special hardware that’s designed to solve the puzzle really fast.” Neha mentions. Thus, I think this is a negative point that there is a specific group of people who have special skills and computers will produce the Bitcoin.

I am also concerned that the use of digital currency   may eventually remove the need for banks. This means that many people who work in banks will lose their jobs due to digital or virtual currency.

Eventually, I prefer using the traditional currency. What do you prefer?