Bitcoin Forum

Other => Politics & Society => Topic started by: creatormultiply on October 08, 2017, 12:30:42 AM



Title: Collapse or Integration?
Post by: creatormultiply on October 08, 2017, 12:30:42 AM
Will the existing society/government collapse or integrate cohesion and evolution?
Will fiat currencies become obsolete and be replaced by cryptocurrencies?


Title: Re: Collapse or Integration?
Post by: baradfo on October 08, 2017, 02:35:57 AM
I think overall that current governments will attempt to put their fiat into a crypto version to try to keep their currencies relevant to the changing times. Some countries are already testing the waters to do so. How they can say that their crypto-fiat currencies would be decentralized I don't know, they would have to sell that part to the public.


Title: Re: Collapse or Integration?
Post by: aleksej996 on October 09, 2017, 09:43:23 AM
Paper money is pretty useful when you don't have a charger with you. It is hard to integrate paper money in a decentralized way, so with our current knowledge, complete disappearance of fiat is a bit of a stretch.

I think that Switzerland is a best example of what future might look like, they are always the best and are always ahead of their time.


Title: Re: Collapse or Integration?
Post by: djangocoin on December 21, 2017, 03:41:15 PM
Yes, they will likely try to implement their own blockchains and crypto, but don't expect them to be secure or decentralized though..