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.
I do not think that converting fiat into cryptocurrency is necessary good thing to have, but I think that something like that could happen in future. Also, I would not like to use fiat cryptocurrency which is inflationary just like fiat, with governmental "printing" money from thin air.
I would like to have paper fiat currency for an option.
This is not only your thinking but it is need of the day, it is modern and facilitated era people are very busy so no one would like to go leave work and buy grocery or pay bills standing in lines when they have better option to buy online using digital money or crypto currency so to be honest I can see the dark future of fiat money.