Post
Topic
Board Economics
Re: the future real money
by
Impulseboy
on 06/11/2018, 17:31:54 UTC
[bif i see lately there are lots of altcoins popping up, especially in the digital world and whether for the next few years the function of real money itself will be eroded by the presence of virtual payment equipment ...? I had time to think whether in the next few years we would be making virtual money payments ...?[/b]
Although the cryptocurrency will continue to evolve, and therefore partly fiat will be squeezed out of circulation, it still does not threaten the usual currency. Its fate depends on the government, but it will never make a decision on the abolition of national money and on switching to calculations in cryptocurrency. Such a decision would be detrimental to the economy of any state, which means that as long as the state exists, national money will continue to exist as well. Cryptocurrency can go in the state only simultaneously with the national money of these states and it cannot be otherwise.

I agree on this. Plus, if the government eventually decides to abolish the real money, then that means that they have finally acknowledged the presence of bitcoin, which right now seems unlikely. At least not in the global sense. Some countries will also have a hard time adjusting to bitcoin, especially those who live in a developing or underdeveloped countries.