Quote from: BitHodler on October 10, 2018, 10:22:17 PM

Quote from: bob123 on October 10, 2018, 08:08:06 PM

A governmental issued cryptocurrency would just be e-fiat.

That's what I think as well. Governments only have to tokenize fiat, which will grant them more control over their financial system than ever before. It's a plus in terms of convenience, but fiat will become even more centralized.

Technically speaking I am dealing with digital fiat already with how I barely touch the actual asset in physical form. I use my debit cards or my banking app to settle transactions on a daily basis.

People in Asian countries in the same way aren't dealing much with actual fiat anymore, it's mobile payment apps that dominate the market, and these will continue to take over with how convenient and fast it is.

People themselves won't notice much of a difference between transacting with digital fiat or tokenized fiat, their apps will make sure of that. The only thing they need to do is unlock their wallet so they can send and receive money.

I think there is a big difference between cryptocurrency and fiat. Fiat is only used for online transactions and cannot be used in local markets as regular currency, while crypto will give us both the facilities of online transactions and worldwide use for our daily needs and financial problems. The presence of crypto in the market will eliminate fiat currency.