Post
Topic
Board Economics
Re: Crypto replacing fiat?
by
cryptotenoy
on 02/10/2018, 20:37:29 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.   
Eliminating fiat is the worst thing that would possibly happen since almost all people were aquainted on fiat.Digital currency could give threats on the governments governance because they cannot possibly control on how people used their digital money.