Post
Topic
Board Altcoin Discussion
Re: Why Can’t Cryptocurrencies Replace FIAT?
by
MicroGuy
on 20/07/2017, 11:31:38 UTC
If FIAT Replaced the Gold Standard, Why Can’t Cryptocurrencies Replace FIAT?

History has shown that we have moved from the barter system to the gold standard and then to FIAT.  Is Cyptocuurency the next standard?

Have a look at my post, feedback appreciated, but please don't be too harsh.  I don't claim to be an economist or expert in this area.

https://urbancrypto.com/if-fiat-replaced-the-gold-standard-why-cant-cryptocurrencies-replace-fiat/

Nice article! Yes, cryptocurrencies will obsolete fiat much the same way the automobile obsoleted the horse and buggy. It's simply better money.