It's not going to happen. More likely, the dollar will replace itself with 'Digital Dollar 2.0' that will somehow "solve" all the traditional dollars problems and make it more convenient for use (but still fiat.)
Coinbase really knows how to wave that banner though.
You have hit the nail on the head my friend. We already see banks in the process of developing, what they call "Private Blockchains" These Private Blockchains is the experimental phase for the "private tokens"
backed by the governments, behind those banks. We can say what we want... If these banks are successfull with their "Private Blockchains"... and it can be scaled to replace fiat, it will be enforced by the
governments. We will see Fiat being replaced by it's digital twin version in the form of "Private Blockchains" How ironic is that... Bitcoin being disrupted by it's own technology....
The Blockchain.
This is exactly what I think will happen.
Except it probably won't be on the Blockchain.
Governments want control, especially of their monetary supply.
They will either just go digital with current tracking tech so they can track every transaction.
If they do use some iteration of Blockchain technology, it will not be private.
They will probably also control it through government controlled wallets.
They've been wanting to go to digital money for a long time.
It is mostly digital already anyway.
1984 is here folks (it's a book, if you didn't catch the reference)
