Ninjastic
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Board Economics
Re: Crypto replacing fiat?
by
micleeiu398
on 20/08/2018, 06:46:55 UTC
Quote from: davehopepe05 on August 17, 2018, 06:27:56 AM
Quote from: aso118 on July 23, 2018, 09:40:08 PM
Quote from: aoluain on July 23, 2018, 06:16:03 PM
There are a lot of people who think that governments eventually will move from using FIAT to
using crypto like we all follow and like here on the forum, but it wont happen because it is totally
out of their control.

Governments will move from FIAT to their own centrally controlled digital currency and yeas that
will come with the government controlled "track and trace" system we dont like.

Governments won't move to using cryptocurrencies. But it is still possible that people will move to using cryptocurrencies and fiat will just have a role in taxation and other government aspects. That is still a long, long time away,in my opinion.

That's right. Governments won't move to using cryptocurrencies. I agree with comment of you.
Those countries in which crypto currencies are allowed like USA or Canada, it means the government of these two states have legalized digital coins and as far as the google articles go, citizens of such states are already using bitcoin in payments to some extent. It is just a matter of time before bitcoin and altcoins are accepted as medium of exchange worldwide.