Oh yes, a long an interesting road indeed.
But not really. We have been using the coin of the realm for thousands of years, and paper only a few hundred. Cryptos will replace them all in a much shorter time.
However, I bet most of the baby boomers will die before they switch over.
And most of the children being born today will never know about checks or cash.
Bitcoin is actually doing the correct thing, for all the wrong reasons.
Sure, bitcoin will not be the buy-a-cup-of-coffee coin of the future, but greed is a great impetus to get people to try something new. And, bitcoin will probably get to the size where it will become stable (less volatile) first. And then it will be used for things such as settling debts between nations.
Before it gets there, it will probably be the thing that we use for international trade when no other country will accept the dollar. And for that, we don't need fast small transactions, we need slow, dependable, safe-feeling, large transactions. And that is bitcoin all the way.
That's an interesting prediction ;)
Other cyrptos aren't doing that?
Of course they are doing that, but they are not THE one. They don't have the power of the name.
It is all about trust. And people trust the one that everyone else trusts.
Why did VHS win over BETA?