Don't get me wrong i love crypto currencies and support blockchain technology all the way. but i had that thought last night so i want to share it with you, what will happen exactly if bitcoin and other crypto dominate the earth and replace the current financial will that help the world or it will destroy the world econmy? I would love to hear your opinions, thoughts, visions on this topic please is there a safe passege for that or no?
I think this is an imagination though the probabilities of Bitcoin and other crypto dominating may be attainable.
However, Bitcoin and other altcoin are already gaining wide stream acceptance in the world and at that future situation, it will be used similar as US dollars is currently doing ,serving the financial need of the world, though you have to convert from your local currency to the dollar. May be,at that time ,you have to convert all cryptos to dollars or may be local currency to bitcoin assuming bitcoin has become world used central currency as you stated. In nutshell, i think bitcoin or other crypto will not destroy the word economy but it may will financial equality and straightened the gap between the poor and the rich in my opinion.