I imagine that they will eventually come to co-exist. It will be a big shift though - the existence of a de-centralized global currency is a game changer.
What happens when bitcoin has a market value in the trillions? What percentage of the world's total GDP needs to go into cryptocurrency before it's a big deal in the mass markets?
That's the big question. I think we will get there.
At the same time - if government structures and political attitudes stay the same around the world, perhaps not that much will change. We will all adapt, people will figure out how to pay taxes properly (as they already are) to account for cryptocurrency holdings, and more.
Hi Matt,
Thanks for the quick reply. Great responses to boot! Your last point, that much may not change- I feel that is the truly telling test. Do we commit to building a better system alongside the current one, or do we look for ways to integrate and leverage crypto's benefits to bolster fiat? It would be interesting to think about how we would win or lose in either case.