Fiat will become one end of the spectrum of money.
It will be at the centralised, fully guaranteed end. But electronic / digital in one form or another.
Company / organisational coins in the middle. Low decentralisation, some guarantees. KYC mandatory.
Fully decentralised crypto at the other end.
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I wonder what a fully distributed crypto looks like.
Probably also has some kind of KYC to avoid Sybil attack.
Something like MINA. Tiny size. Smartphone based. PoS. Everyone is a validator node.
Totally agree, Mina is a really nice project, very well done and with disruptive potential in the real economy.