– why do we need physical dollars and coins? Wouldn’t it be cheaper for the system as a whole to have the dollar be an entirely digital currency and wouldn’t this be better on the environment?
In: Economics
There’s absolutely no reason why it couldn’t happen, but it all comes down to trusting the system that creates it (all kinds of other money systems have been introduced in the past, with varying levels of success). If you don’t believe me, let’s see you be the first to trade your money in for a new system. I’m not trying to provoke you, just making a point. Cryptocurrency is doing way better than any other universal currency so your concept is strong, it just needs more time to gain acceptance. Or some other idea to usurp it.
Latest Answers