Posts Tagged ‘credits’
“If it’s not bitcoin, it’ll be something. The future of commerce is going to be all electronic. The gold standard was a fine idea, but electronic changes of funds and credits will be the future” — Bill Nye
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Bill Nye is discussing the future of commerce and payments. He is saying that while bitcoin may not end up being the dominant form of electronic currency, some form of electronic or digital payment will likely take over most commerce transactions in the future.
He notes that the gold standard worked in the past but that going forward, commerce will shift to using electronic transfers of funds and credits between parties rather than physical currencies or assets like gold. So in summary, Nye believes the future of how we pay for goods and services will be through digital and electronic means, whether that ends up being bitcoin or some other cryptocurrency or payment technology.