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RE: STEEM: Incredible Wealth For All....
Very true. I think de-centralized exchanges are going to be very important. As long as the exchanges are centralized, most of the transactions can be controlled.
We are starting to see the move in that direction, but we are not there yet.
If a signification portion of the economy transitions to pure crypto transactions, fiat will become less and less relevant, and it some point it will become obsolete. Then, it's freedom for everyone.
I agree with you @techwizardry.
I am going to put you on the spot...I think that will happen...or at least we will get to the point where fiat is just a minor part of the currency used....
Do you have any guesses on time frame?
I saw one that estimated it was only a couple years away.....I am not sure I can see it moving that fast.
Another point that validates your claim....I believe in 10 years, we will have most of the $100 Trillion world wide economy on the blockchain and fiat isnt spoken on the blockchain.