The english comment, I must say, caught me by surprise. Didn't notice a single phrase that wasn't technically correct. Incredible.
If the people pull their wealth from the banks and move it to blockchain, even 10%, the system will likely collapse. If ten percent of the money was pulled out of the stock market, all pension funds would go red, bailouts would be fought over, government revenue would plummet, and more people would jump ship.
I just can't see how these can exist, fiat and block chain, side by side. One is lawful and fair, the other is criminal and controlled. One is climbing daily, the other is losing spending power at a seriously negative rate. The USD has lost 98% of its value since 1913? No one would back fiat, except the few that actually pull the levers.
I would love them to occur side by side until the day I pass. I suspect they won't, because fiat has nothing attractive over blockchain. Except the ability to keep the grid running, and I guess, the military complex in place.
RE: Why crypto will never replace the existing system