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 opinion it's not a good thing for btc to replace fiat completely, because in my opinion it's better at this time where fiat is used for real-world payments, and cryptocurrency or btc is used for payments in the digital world, and of course with different rules. because it would be very difficult to really replace fiat as a payment instrument in the real world but it takes hundreds of years in my opinion CMIIW