Please write down your thoughts after reading the paragraphs ie. agree or disagree and why? (Min 5 sentences 150 words + )

The past couple of years cryptocurrencies have been receiving a lot of attention. There are a lot of people who think that eventually cryptocurrencies will replace our current currencies and economic system, but I do not. Even though many people say that they dont trust the government and their banks, there is a lot more trust in paper money than cryptocurrencies. The money that you have in the bank is insured by the government so if something happened to the bank you would receive your money back. If the company whose cryptocurrency you owned went out of business, would you still get your money back? Cryptocurrencies seem more like a novelty, rather than something that you would invest in and use in a transaction.

Another issue that would develop would be getting paid by your employer. If there are a bunch of different cryptocurrencies how would your employer pay you, would he have to pay you in the cryptocurrency that you want and adjust it to the value of it. The idea of these different companies having their own currency seems a lot like having a gift card. What would be the difference between having $50 in amazon currency or having a $50 amazon gift card. Even though cryptocurrencies have generated a lot of attention, there doesn't seem to be any benefit in replacing our current currency with it.