Government money is already digital. Only a small fraction of the total supply is paper currency, so what would change?
It is unlikely that they would relinquish control of the money supply. If anything they can make it mandatory to use the digital version of fiat money to tighten their controls of the population.
Actual P2P currencies are the antithesis of centralized ones. The market proposition of crypto's will still remain. If digital fiat is made more efficient then the only cryptocurrencies than can compete will be the ones that can scale...and those are not POW coins.
Great comment. I tend to agree. That being the case, what coins that currently exist might survive in such an environment, in your opinion?
Considering that this is the most used blockchain STEEM has a shot in the form of Steem Dollars if somehow it can return to the USD peg (stability is important for merchant adoption). Maybe Bitshares with it's smart coins can gain some real leverage (but the fee model is kind of a roadblock).
I must admit that I am biased to DPOS coins. EOS doesn't exist yet but maybe we could include it (or something built on top of it).
Railblocks and IOTA look promising. I used to be a big fan of DASH but the fee & masternode model are an incentive for holding instead of using it as a currency.
Good idea