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.
Your imagination no. is too wild.
do you think that crytptocurrency replaces our current payment currency?
I think it's impossible.
that's exactly what you say, and of course the government will never be silent if its national currency is replaced with digital currency. because the national currency has become a symbol of the country