> What happens when more and more of us abandon fiat currencies for cryptocurrencies? Short answer: Pigs will fly. Long answer, in order for this to happen, t

> What happens when more and more of us abandon fiat currencies for cryptocurrencies? Short answer: Pigs will fly. Long answer, in order for this to happen, the high transactional costs of cryptocurrencies (FX costs, electricity, blockchain rewards, transaction fees, etc.) will have to look reasonable compared to the cost of doing business in "fiat" currency. This is currently only true for illegal activity, such as drug dealing or evading currency controls, but if the world changes enough to make cryptocurrencies a reasonable alternative to the majority of people, something terrible has happened to the world.