CryptoCurrency will likely replace traditional currency.

Cryptocurrencies such as Bitcoin, Litecoin, and Dogecoin are already massively popular, which is what gives them their values. Their popularity is also growing very rapidly. One bitcoin holds value in the neighborhood of 800$. Value is incurred onto the currency when people accept it for goods and services, and everyday more and more people are accepting bitcoins as payment for commodoties such as cars, houses, and other regular consumer goods. First, Bitcoins or just Dogecoins or whatever, to take on paper money's role, it has to be VERY widespread. If you go up to Taco Bell and order, and the total is $13.53, and all you have is Dogecoin, you couldn't be able to pay. It is misleading to say that is "massively popular" because it's not. The current exchange rate for Bitcoins is 833.3 USD per coin.(1) I find it ironic that for Bitcoin or Dogecoin to become popular, you must buy it with money. Each dogecoin is worth only .0013 USD per coin (3), but their value has been rapidly rising. After founders of doge raised 30,000$ in doge for the jamaican bobsled team in one day, the value of dogecoin jumped 50%! Dogecoin trades are also in the millions of transactions per day. (4)There are even ATMs in Canada that sell bitcoins! What is the relevance of this? Forbes writes " It is getting harder to keep up with the number of consumer-oriented businesses starting to accept Bitcoin as a payment platform. There is Overstock.com, of course, which rang up $500,000 in Bitcoin-paid purchases within weeks of its announcement. Malwarebytes has just announced it is accepting Bitcoin for its consumer products via Coinbase, claiming it is the first major security company to do so.Some businesses may start to accept bitcoin, but it is too soon to tell. I never even heard of these websites before. Also, in the “first” category is CheapAir.com, which says it is the first Never heard.U.S. online travel agency to accept Bitcoins, at least for hotel reservations. Also Mint, a personal finance app whose brand screams out financial responsibility and transparency, is also partnering with Coinbase to allow its users to integrate Bitcoin transactions into their traditional accounts.All of these internet arguments are pointless. I can buy something over the internet with "normal" money. I don't need Bitcoin. Right now, if I want a pack of skittles and a bottle of coke from the store, I need money. It's unlikely that bitcoin will expand outside of the internet. This prevents forced inflation via the printing of money.A problem, yes. But it's stands with the Government, not the money itself. As the currency is not physical, an extra benefit is that it is infinitely divisible. This is not a benefit. If you need exactly .00000013 BTC you can trade exactly that in transaction. It's like cloud accessible cash. This isn't really a benefit then what you think. If you owe $18.82, you can pay them in many differnet ways. It's like saying you can pay a bill due for $5 for 500 cents, and that makes it better then paying with $5. Digital transactions in the traditional curency system requires you to simply make bank transfers between accounts. Cryptocurrency transactions are equitable to actually handing someone cash. Cryptocurrency is one of the few digital commodoties. I will talk more about the benefits of a commodoty market later. I can do this. Walk up to a Gragage sale, and hand them the money. Cryptocurrency right now is difficult to trade in person. The only real way to ensure that your good is paid for is to watch the person send the coins to your wallet as you hand them your good or give your service; in a way, though, that is similar to the case with traditional currency. This is why it will not take over traditional currency.The purpose of commodity exchanges is to provide a centralized marketplace where commodity producers (commercials) can sell their commodities to those who wish to use them for manufacturing or consumption. The beauty of a commodity futures exchange is that someone like a corn farmer can lock in a price for his crops months before they are even harvested. This process increases business survival among farmers and the exchanges always make sure there is a buyer for every seller, provided their prices meet."(6) You have not proven that Bitcoin will act this way. One of the greatest percieved benefits of cryptocurrency replacing traditional currency is the elimination of banks and the lending system. You can store any volume of cryptocash in your wallet without having to worry about space, and you can secure it with digital backup systems.Ok, so what? But I want to know why you are so against bank? Trades can also be made globally over the internet without the need of a middleman. The banking system has grown more and more unstable over time; with the rise of cryptocurrency, it will become vestigal.Which needs both traders to have bitcoins. Today, banks use interest and loans to incur value that is nonexistant through debt. This creates an economic setting where someone must lost money. Cryptocurrency creates much more fair market enviroments. (7) This is a problem, along with the above, with banking, and not the money itself.