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Ritchie

Cryptocurrrency vs. Fiat currency

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On 07.11.2019 at 12:04, Ritchie said:

Can cryptocurrency ever replace all currencies in all countries? And what will happen to the world if thats gonna happen

1) Oh, it`s obvious that cryptocurrency won`t have replaced  all currencies in all countries by the near future.

Cryptocurrency is a new currency and, as i`ve read, only 5% people use cryptocurrency.

2)If it happens, it`ll be like Fiat 2.0. And it`s everything.

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There is nothing that will replace something. The currencies will remain and also the cryptocurrencies will remain. Gold is the main material. Paper currencies came after him and remained. You cannot delete gold, nor gold to delete paper currencies, and the same thing in digital currencies

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