“ They really aren’t. A currency is only worth anything if normal people are willing to trade them en masse. For the majority/normal people to trade them en Maße there needs to be an universally agreed upon use for them. A use that taxes give, since no matter who you are, you must pay your taxes in the state issued currency.
Crypto and other alt currency tokens are worthless by definition”
https://reddit.com/r/technology/s/TTK0bCHDDN
Don’t necessarily agree with it, but I get why someone would have that take.
Yes. Both currencies are actually worthless since the fed stole the gold backing our dollars. But one has institutional force behind it, and one is literally just electrons that vanish when your power is out or your internet is cut. So one is more functionally worthless.
The real alternative currency is metal, and better than gold is a combined holding of lead, copper and brass.