The seeds would need to be in place (see GME's NFT's as a seed of exactly this system), but the entire system does not need to be in place.
Putting just gold and silver into real places that can be withdrawn and setting up a crypto based on it would all by itself take over the economy. Building that infrastructure isn't super easy, but its not that hard either. For example, once faith in the system fails, banks go out of business, and those buildings can be used to store the real gold and silver for exchange with the crypto that backs it. And all of the sudden you have a real economy.
All you need is to take faith out of the system, take over the banks, distribute (ship) gold and silver to those banks, and have the software written for the crypto (which I think already exists).
If the software is ready for that (I know it exists in lesser forms) it would take a week to transition enough to have a thriving economy.
Imagine, we could (if motivated) get rid of the Fed and the Bankers control in a week of transitioning.
The seeds would need to be in place (see GME's NFT's as a seed of exactly this system), but the entire system does not need to be in place.
Putting just gold and silver into real places that can be withdrawn and setting up a crypto based on it would all by itself take over the economy. Building that infrastructure isn't super easy, but its not that hard either. For example, once faith in the system fails, banks go out of business, and those buildings can be used to store the real gold and silver for exchange with the crypto that backs it. And all of the sudden you have a real economy.
All you need is to take faith out of the system, take over the banks, distribute (ship) gold and silver to those banks, and have the software written for the crypto (which I think already exists).
If the software is ready for that (I know it exists in lesser forms) it would take a week to transition enough to have a thriving economy.