I have seen so many posts about emerging cryptocurrency, and they think that someday it will take over our current system, or it will replace our fiat currency, which is really impossible, yes cryptocurrency is such an excellent currency especially the bitcoin, cryptocurrency keeps on being more prominent and more significant. Still, I think it is not enough to replace the fiat currency. It will be hard for the government to do that.
It will be hard for us if we use our cryptocurrency as our standard currency, the volatile currency will not be useful in real life; only that money is only suitable in real life. Not all individuals are really used in technology, so how could they handle their money if they are not familiar with the technology.
There are still some rural places in this world, so it will be hard for them to adopt the new system if this will be implemented in the future, which I hope won't happen, and even those person in provinces will also get mad if those things happen.
This is true but as time goes by the volatility of a particular cryptocurrency goes down as it accumulates a lot of volume as long as they can keep up with the demands of the users. Though even though it happens, I believe that it would not replace fiat because each of them, fiat and cryptocurrency, have its own uses and advantages. Also it is a good thing having a lot of choices in transacting and not be limited to fiat alone.