Post
Topic
Board Economics
Re: Crypto replacing fiat?
by
webdevmastery
on 18/09/2018, 06:45:29 UTC
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.   

In my own opinion, cryptocurrency will never replace fiat because there are a lot of people today in the corporate world who are working and earning fiat so it will be still necessary for the government to use fiat.