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.
Agree, Fiat is an important factor that helps our life activities follow simple and easy directions, and that's why it still exists so far, so useful and bringing so much convenience to everyone, removing or replacing it is impossible. Although crypto is necessary for development but at a certain angle, this is just a development of modern technology, more precisely, it is an option for those who need it and like it, and I can feel that the number of people who like crypto is very small while the number of people supporting fiat is too much, the replacement is a dream.