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 don't think that it would be happened in the future, since fiat's can't be replaced. Bitcoin and other cryptocurrency is used for alternative money as digital currency which is still needed a true fiat. And if it will happened as in the situation you said, maybe I will not used it because it seems that it is unsafe since anyone can see your transaction and account, if it will happened I see that a better security is needed.