Post
Topic
Board Economics
Re: Fiat Currency Always Fails
by
moon sorcerers
on 25/10/2018, 23:05:53 UTC
I mean let's face it, it's easier to handle money electronically than with papers in the hand. And if we compare fiat on the bank account and the blockchain money guesses who have the advantage...well not quite yet, but the potential for the blockchain is huge.
It is not always more convenient to work with electronic money, although in some cases they are better than fiat. These two types of currencies have their advantages and disadvantages in use and will only go together. Cryptocurrency will never replace the national money of states. Cryptocurrency can not interact with the economy of the state, as national money does. In addition, the cryptocurrency has a high degree of volatility and, due to even these two reasons, it can never replace the usual currency.
basically fiat and crypto currencies have their own strengths and weaknesses, crypto currencies cannot replace fiat currencies, each country also has its own rules on currencies, so fiat and crypto currencies will be side by side without substituting each other