Could it ever be 100% bitcoin
Bitcoin maxis, do you believe that Bitcoin will become the only currency? I’m pro Bitcoin but see it more along the digital gold analogy rather than a digital currency.
If it did become the only currency, presumably fiat would then be obsolete. Things like benefits, government spending etc, how will this be achieved? Taxes won’t be able to be regulated too, which as much as I hate, pay for our civilised society. School, housing, benefits, roads, health care. Without fiat how will it be funded? What are your thoughts on this.