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Altcoin Discussion
Re: Why Can’t Cryptocurrencies Replace FIAT?
by
MicroGuy
on
20/07/2017, 11:31:38 UTC
Quote from: Urban Crypto on July 20, 2017, 09:58:12 AM
If FIAT Replaced the Gold Standard, Why Cant 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.