Topic: harmonization of fiat and crypto - page 20. (Read 23006 times)
Crypto and fiat cannot symbiotically exist, especially in running a country's finances. Perhaps bitcoin can be used as a reserve currency, but that's it and nothing more. There's just too many risks involved in incorporating crypto into an economically stable country. In countries like Venezuela though, we see how bitcoin helps them in a way for their needs and for spending. Maybe in countries that are struck but hyperinflation this idea might work, but for the rest of the world, it wouldn't.
if it is made to collaborate both fiat and crypto for the future it is very good because later many countries that do not accept crypto will accept crypto for the collaboration thus this system will be more secure and all people will want it to join the cryptocurrency world.
But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system.
No. The world leaders have value, ownership, and power through (in part) their fiat currency. To give that up would take a significant (and good) change in human behavior by these people who've come up and no thrive in power.
If any major company were to adopt crypto they'd want to own and control it. This won't work for bitcoin. And any creation of a govt based crypto serves to give them visibility into transactions.
I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.
"fiat" is actually the wrong and a biased word, to insult the communal currencies, crypto can also be fiats, and they effectivly also behave that way,
what we are really talking about is communal managment currencies, there is a huge collision between crypto and those that cannot be neglected, its like capitalism and communism (cold war) could coexist next to each other, but they dont, capitalism (crypto) is unavoidably in a conflict with communism (communal managment currencies)
because the capitalists want control over the money, for communal supportive AND not supportive goals, thats the issue, thats that defines the extend of the conflict.
people working for money, are highly affected by crypto's and cryptos are in a neverending dirtfight against each other.
so no harmonisation can ever occur if the cryptocurrencies would support 100% communal managment only they would have to adapt and obey a shitload of several hundred years parliementary burocracy and regulation so that the founders of the cryptos would have to be either rich like bill gates to hire an army of lawyers or a robot because money has the ability to create asymmetries between economic participants.
regards
I have read several threads that say "fiat will die and will be replaced with crypto" as you agree? I personally do not agree. because when the real system is already established in value and a new system comes with a fluctuating value, the government will not take that risk. But do you agree if Fiat collaborates with crypto in building a future financial system? without killing one system. share your opinion about this.
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