Post
Topic
Board Economics
Re: harmonization of fiat and crypto
by
jamids
on 19/11/2018, 01:21:01 UTC
I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.

I believe that crypto would not be able to eliminate fiat but instead it would be used together with cryptocurrency because the whole world is not yet ready for the automation of digital currency. If this would be implemented then those places wherein the usage of digital currency is not possible would be left hanging and the only choice they still have is still to use fiat because its the only way they would be able to have a medium of exchange.