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.
It's hard to imagine, many commoner/old generation not really know about technology especially about cryptocurrency, this is case from my country. It's better to educate all of them about cryptocurrency before going to next step.
I agree. To think that not all people in the world understands well about the use of digital currencies, it would be better to teach and help them first to learn the basic principles and guides about this coins. By doing this way, it can give them enough knowledge and ideas on how to handle with this kind of investments before replacing the use of fiats.