Post
Topic
Board Economics
Re: Please, we should not totally eliminate fiat currency
by
Comino
on 21/10/2018, 19:14:44 UTC
Talking and doing are two different things. I am sure that even if all the forum members try to “cryptomonetize” the world they would never be able to do that. Majority of the worlds’ transactions are still happening in fiat. At it will take a long time for that to change. Poverty in underdeveloped countries is rampant. Cryptocurrencies are still banned in some countries, some are sceptical. Cryptocurrencies don’t have a regulation system, which makes it difficult for the countries to legalize them. There are so many coins - which ones exactly to legalize?

So... one day it will happen, but not fast and not soon