Would Crypto Ever Replace Fiat Currency ?
Do you think that one day crypto currency will replace our monetary system as we know it today? Cryto currencies are currently far from being stable, their values are always fluctuating very quickly. Do you think this fluctuation could be controlled in the future ?
Last answer first. Fluctuation controlled? Who would control it and for whose benefit? It might be controlled, but I say it shouldn't. Now will fluctuations slow? I think they will as the system grows. Just see an elephant move vs. a mouse! Also, at some point, if crypto becomes a dominant currency, the issue will be other currencies fluctuating vs. it and not the way around!
Could it replace the current mostly fiat based system. It certainly might. I may write a post about it.
I don't think it will, I think governments wouldn't allow this and it would change the world economy as we know it too much. I do see them being very prominent in everyday life but in the long term I think FIAT will always be more popular
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