I also prefer tangible assets, I'm not anti-crypto as a mode of exchange, but after having participated on some crypto-based platforms and watching the price movements for some time, I gradually came to realize that the crypto "markets" operate where the primary mover of the value of the 'asset' is the flow of newcomers. A whale buys in and suddenly the overall market jumps, a whale cashes out, and the 'market' drops significantly.
That is one of the major defining traits of a ponzi scheme. Maybe this will be less the case as their use becomes more pervasive, but then someone could just make bitcoin 2.0 and start the scam again (except as an "upgrade").
I also prefer tangible assets, I'm not anti-crypto as a mode of exchange, but after having participated on some crypto-based platforms and watching the price movements for some time, I gradually came to realize that the crypto "markets" operate where the primary mover of the value of the 'asset' is the flow of newcomers. A whale buys in and suddenly the overall market jumps, a whale cashes out, and the 'market' drops significantly.
That is one of the major defining traits of a ponzi scheme. Maybe this will be less the case as their use becomes more pervasive, but then someone could just make bitcoin 2.0 and start the scam again (except as an "upgrade").
The dollar is digital. The paper just represents what we've agreed on. But 99% of all transactions are digital. Don't falsely tie your hopes to FIAT.