Quote from: milewilda on Today at 03:38:57 PM

Quote from: bennypagulayan on Today at 03:34:30 PM

That won't happen. Bitcoin and many other cryptocurrencies are digital versions of money, but their birth and development were not aimed at creating a cashless society(fiat).
But with the assumption that it is possible, it can be seen that everyone is at home safe, and only needs the internet, purchases and payments in bitcoin. LoL

Even lets say that this do talks on that "what if" situation then i cant really put up into my own brain or even on my dreams that this thing will eventually happen.
There's no way that this could happen.It would really be just remaining as an alternative and to say that digital money had been existing for long now.
Crypto might exist but this would be on different manner or characteristic but wont really be ending up on being a mainstream or would be primarily used.
Government do exist and as long theyre here then it wont really change a thing when it comes to monetary sector.

Going along with that 'what if', and if changes will not be seen with regards to the concept of cryptos compared to fiat, I guess there will be a problem. Fiat or regular physical currencies are regulated by the authority of many governments. Decentralization, volatility, freedom of use are the things which are different in this technology. I am more concerned with regulation. If cryptos won't still be regulated, even if it will be perhaps the main currency to be used all over the world, what will happen? The problem I'm referring to is risk from transferring the savings of an individual to a volatile currency which may yield to partial loss. Transaction taxes won't also be occurring which is a bit of a problem for an economy, since there is is a chance that system of the economy will be affected.