If crypto takes off and is widely adopted, then the people who were on the scene first will be rewarded handsomely. Something really special is going on right now, and crypto is being recognized by governments around the world.
People are going as far to say that the current government backed currencies will die, and digital currencies will be used in their place. If that happened, I believe the transition would be very messy and scary. It would essentially be the dollar collapsing and no longer being utilized. First thing that comes to mind is people burning money in wheelbarrows to stay warm during the great depression because the dollar wasn't worth anything.
Just some thoughts on the matter! Exciting times are ahead.
Quite interesting response... The question is; will governments around the world allow her national currencies to die just like that? In as much as I try to rationalize this, I sometime find it difficult to believe. And cryptos cannot be banned either.
Personally, I believe a sort of consensus would be worked out when the times comes..
Thanks for this informative response
@eurogee