| json_metadata | "{"app":"Musing","appTags":["cryptocurrency","blockchain"],"appCategory":"cryptocurrency","appTitle":"Can a country's paper currency be completely replaced by cryptocurrency. Is it practically feasible?","appBody":"<p>I believe it's certainly possible, but I don't believe it's likely to happen any time soon. </p>\n<p>The economic impact of such a shift would be devastating to many people during it's inception, and those devastations would be magnified by whatever exploitation's are found in the technology.</p>\n<p>Adoption and fundamental understanding of the tech wouldn't be an easy hurdle either. I have learned just how complicated this blockchain tech really is, just by trying to explain the intrinsic value to \"intelligent\" people. Tangibility is always the first thing to come into conversation, and to me, this is the least important aspect of the intrinsic value. It's hard to explain to people, that a blockchain maintains verifiable property with value, protected by the integrity of transaction verification on a network. Their next question is usually always \"what if the government shuts it down...?\" sighs..</p>\n<p>I have not given up my mission to educate people on this topic, but the task has become rather daunting. Either they get it and become addicted, or they don't and become dismissive. I'm sorry to say, the vast majority have been rather dismissive. </p>\n<p>I predict it will just smack everyone in the face one day. Anyone who thinks the world governments haven't already begun preparing for a mass shift is foolish in my opinion. It will come, but it will be guided by the powers that already control the worlds wealth. Any deviation to this theory, would really surprise me. </p>\n<p><br></p>","appDepth":2,"appParentPermlink":"f37q9n7l5","appParentAuthor":"milaan","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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