The problem that our generation has inherited is that none of our currency, fiat or crypto, is currently based on anything tangible. If you hold fiat currency in your bank, you own a fat stack of paper. If you hold cryptos in a wallet, you own a fat stack of binary numbers. In either case, your currency is based on a promise.
At least with crypto currency you can be in control of your own risk. You can choose the crypto that you believe will appreciate the most in the coming years. With fiat paper, the only future it has is to depreciate until it isn't worth the paper its printed on.
I agree with much of what you said.
The problem that our generation has inherited is that none of our currency, fiat or crypto, is currently based on anything tangible. If you hold fiat currency in your bank, you own a fat stack of paper. If you hold cryptos in a wallet, you own a fat stack of binary numbers. In either case, your currency is based on a promise.
At least with crypto currency you can be in control of your own risk. You can choose the crypto that you believe will appreciate the most in the coming years. With fiat paper, the only future it has is to depreciate until it isn't worth the paper its printed on.
As is the fiat USD.
Like I said, fiat will only ever depreciate from here on out. It is a dying currency.
Crypto is still appreciating.
of the two of these intangible assets, I'd choose the one still appreciating for the time being.
If a power or internet outage occurs, we are screwed either way. Everything is digital
Sure, at one point. It no longer is though.
Our dollar is presently based on petroleum.
How many barrels of petroleum have you stacked in your house recently?