The only reason we can fully utilize crypto earnings in the real world is mostly due to being able to go to fiat through banks.
But what happens when banks all start failing/defaulting? Will people start transferring straight to each other more? Or else?
#dbuzz #cryptocurrency
Posted via D.Buzz
Probably stablecoins would be used more often than bitcoin or altcoins first before anything else.
That's logical. People would look for the closest thing to what they know first.
!PIZZA
They have to fail really, really, badly for that to happen:
...and even then I think some replacement™ will be due... Most people aren't prepared for a 100% cryptocurrency finance. !ALIVE
Posted via D.Buzz
I fear that you may be right. They probably already have multiple doomsday scenarios mapped out by now. !LOL
Thinking about this hurts... Now I know why they made media sites like Youtube... I'm tempted to ignore all of this and spend the rest of my life in the blissful deception of Youtube. (Sadly, this is a worse option, but sounds very tempting.)
Posted via D.Buzz
YouTube is unfortunately too valuable at the moment. Mostly for learning new things, but also entertainment.
Does sound tempting indeed. !LUV
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Majority will keep fiat at home I think, but I might be wrong. I read a long time ago that in certain cultures they buy gold and store those somewhere at home. If that's still the case then I think that'll happen.
Not sure if the majority of the world's population's ready for crypto.
True. I wonder what that would look like in a crypto situation though. How does one keep digital currency at home, when fiat doesn't exist anymore?
!LOL In those virtual wallets I suppose hahaha
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