Post
Topic
Board Economics
Re: Crypto replacing fiat?
by
whirlcoin
on 09/05/2019, 23:33:33 UTC
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.   
without the Fiat money the future will not been going well because in this world all the people will not technically developed in their mind set so the normal currency will also useful for them to live peacefully but cryptocurrency is also needed for a technical economic development.