Also concerns about a store of money subject to technical interception.
If someone starts knocking over - or blocking - big crypto exchanges (either to preserve USD or force people onto the new food stamps CBDC), your fat crypto wallet isn't anything like as useful as the lockbox of gold you've got in the basement...
I don't think there are a lot of fiat defenders here; it's more that crypto is a new fad so there's more discussion of it.
Also concerns about a store of money subject to technical interception.
If someone starts knocking over - or blocking - big crypto exchanges (either to preserve USD or force people onto the new
food stampsCBDC), your fat crypto wallet isn't anything like as useful as the lockbox of gold you've got in the basement...My opposition to crypto was always predicated on a lack of faith in SHA-256.
With regards to fiat currency, I'd remind you: "The market can remain irrational longer than you can remain solvent."