Will Digital Currency Go Mainstream?

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Money has evolved from coins to credit cards to digital currencies, but will consumers buy in to the latest trend? CBS News’ Ines Novacic reports.

6 COMMENTS

  1. doesn't ANYBODY understand how incredibly EASY it is to hack into cellphones!?!?
    If you do anything financial on your phone, you might as well take your cash and throw it in the street.

  2. Governments sometimes reduce value? No, they always reduce value. That is a tenant of Keynesian economics.
    Keynesian economics is not inherently bad, it addresses real issues in economics. One of the problems though is that it is one sided and can cause problems if implemented improperly…. the real issue why people cannot save these days is slightly due to inflation (gains from traditional savings and safe investment are a small fraction of inflation), the issue is mainly due to a lack of an increase in the average of raises that coincide with production. Salary growth is too stagnant and only a fraction of people are smart and shrewd enough to retain the value of their wealth. The result of which pushes need on institutionalized gain like Social Security and pensions which pushes need on politicians. In the USA, these politicians do not have much leverage over the money creators (federal reserve and the recipients of the added currency) so there is a long term problem of the non-democratically elected loosing power over the currency of the nation. In a few words: the creation and use of currency like Bitcoin is not the answer in the slightest sense.

  3. Gravity based currency? Solar energy looks good especially if your German, but the earth is due to shift to a farther orbit. Water based? Driving around in a water fuel cell car in Osaka, at the drive thru " give me a liter of water" it will cost 1 credit. How about gravity? Gravity drives propetual motion better with magnetism ; free electricity for all day night ,inside or out, and of course anti gravity is the future. Our gravity dollar would be worth 2.6 times a Mars dollar helping interplanetary trade.

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