Post
Topic
Board Bitcoin Discussion
Re: Your Prediction For A Crypto / Fiat Flippening?
by
HeRetiK
on 26/02/2018, 23:13:59 UTC
How long do you predict it will take for the day-to-day volume of crypto assets to surpass that of fiat currencies?

Never. Even if cryptocurrencies succeed on every possible metric, fiat currency markets will likely always be larger than crypto markets; if only due to the wider availability of fiat currencies for the general populace. Think about it -- even if the crypto market were as large as the stock market, the trading volume of fiat / crypto currency pairs would count toward the day-to-day volume of both crypto assets and fiat. So unless traditional stocks and bonds get more trades in crypto than in fiat, fiat will always be a step ahead.


IF the blockchain succeeds, I wouldn't expect to see a potential flippening to happen before 2025-2030. The current level of real world usage for the blockchain is very similar to that of Graphene - "Graphene can do just about anything, except leave the lab".

"Blockchain the technology" is more often than not a term devoid of meaning, approaching vague problems with undefined solutions; so naturally this platonic ideal of a technology falls apart upon closer inspection.

Cryptocurrencies, a concrete application of blockchains, have left the lab a long time ago. And they are facing real world adversaries over and over again.