Quote from: Jose Rizal on December 22, 2018, 11:11:02 PM

Quote from: CptWhsikeyjack on July 23, 2018, 05:04:53 PM

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.

Though possible to happen but for me governments will never allow this to happened since it was a huge trouble for them,that would be souch empowerment to the cryptocurrency which make the fiat less important when both parties were helpful for each other. Fiat should not be eradicated and be extinct in distinction betweenthe two because there would be always an exception and I hope they dont suffer,like the minority people that we have.

Crypto can replace fiat but for that, we need cryptocurrency to have a wide range of demand. So, big that people don't need to use fiat anymore. This can't happen so soon so we will have fiat in the market for long.

vijkaraening

Posts

Merits