How will the live without fiat money?

[Michael.sol]

I didn't think that this is happen because without fait money people's are shift on digital currency like Crypto.
This ia is really look likes impossible and never happen

[hair]

it's impossible to live without fiat. we know that payments using crypto many countries reject it. We shop always using fiat. What will happen without fiat ?? no life, I think.

[Positive]

I think that if this happens-it will be very not soon and when it happens - [snip]

I'm a cryptocurrency enthusiast but i dont see that happe because we also need to think about the people in the rural area where theres no internet and we also need to put into consideration the hacker attack. Therefore, we will need both crypto and fiat currency in the future and it will nice if all the governments legalize crypto.

[Mike)]

As in the past when people used stones, fur etc as money)

[Olga Scorici]

interesting thread, and I am happy that nothing like this will happen

[wawan96]

I thought it was quite impossible if bitcoin in use throughout the world for payment and replaces the worldwide fiat money will be adverse consequences for it all will depend on the currency is not real. in case of a disaster that someday people will bother to use digital currency bitcoin them that it is quite difficult to be a currency bitcoin replace fiat money in all countries.

[Astra]

I read a lot of different posts in this forum about when cryptocurrency replaces fiat money, and thinking about it I had more and more questions about how the world will work without fiat money. And some questions really bother me, as I still do not see any obvious answers to them. Suppose that Bitcoin has become the dominant currency in the world and all other currencies have simply disappeared. What should people do if in the event of a cataclysm or natural disaster people are left without light? Moreover, whole cities and regions may remain without light. Suppose that the light in these cities can not be restored quickly. How will the purchase of goods, food, money transfer? Or another situation. The world accepted Bitcoin as the main cryptocurrency, miners pooled and formed a monopoly syndicate, and raised fees for transferring funds. I do not know how technically possible this is, but this question worries me. If you have answers to these questions, I will be glad to hear them.

These are really serious risks. The higher the technological standard of living of people, the more fragile such a world becomes. Any catastrophe in which electricity will disappear for a long time will actually paralyze financial activities if humanity switches to digital and other non-cash payments.
Therefore, it is better to leave cash for insurance.