Post
Topic
Board Economics
Re: Crypto replacing fiat?
by
andylowe
on 25/07/2018, 04:59:10 UTC
Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.   

I have faith in crypto but I am not sure if it can replace fiat. Crypto would be an issue because of its volatility. Aside from that, I don’t think government will adopt crypto. The government always wanted to be in control while crypto is designed to be decentralized.