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 am sure 100 percent that it will not happen anymore because fiat is very usable to all than crypto but maybe? after 200 years? maybe crypto will replace fiat because now fiat is stable so people used this to pay something and to buy something and in crypto this is not stable than fiat so fiat helping crypto to increase the value of this.