The only thing collapsing is nation state fiat and debt ridden governments being propped up with QE. It will all come crashing down with Bitcoin the last real currency of any value.
Yea sure believe that. What nation states can do is monitor the characteristics of encrypted traffic of crypto transactions, then ban them all. Cash isnât going anywhere soon. Let me explain it this way. I can set my wallet, right now, with $5000.00 on my table, in a drawer, on the couch. I go out and then go shopping. Itâs very likely that my money will be home when I get there. With some cryptos, the amount of a transaction is broadcasted to the web. With some work or a mistake by you, that money can be gone really quick and the only thing youâll know is that its sitting in some wallet. That crypto is there sent to another crypto that mixes, and another that uses Tor. Then its traded for something else, washed and brought to a new wallet. Gone. At least my neighbors might see who broke into my house if my wallet was taken and I still have money even if its worth more or less the following day.
Fiat isnât going anywhere anytime soon. Itâs just that we here are well ahead of the game. Its the smart contracts that take things to another level.And even that is years out before mass adoption. Years and years.