Five Technologies Transforming the World Too Fast for Older People To Keep Up

4. Block Chain and the BitCoin Bubble

Bitcoin, which has been around since 2008, is the future of currency. It is the DOW of cryptocurrency now, many countries use it because they need it and it is leading the way in individual autonomy.

Bitcoin is spent and paid directly from one to another, it does not pass through a central authority, like banks, payment gateways or even governments, and it's all electronically handled. It is not printed, like money by fiat, and is created with free software.

Also, it can't come out of thin air, like the dollar, so guess what, no inflation. In addition, the blockchain tech makes abusing the currency virtually impossible (in fact that same blockchain tech is being used by, say, retailers to catalog products).

An underground programmer with the handle Satoshi Nakamoto proposed bitcoin in 2008, using mathematical proofs, according to Coin Desk.

It's really about giving power to the people and decentralizing control over money, and tons of other cryptos have followed in its wake. But the original and biggest player is Bitcoin.

Although it may not fix every financial trouble in the world, it is leveling the playing field and most likely will be the currency of the future, taking the place of the money we know now.

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