GOLD shall destroy FED.
(media.greatawakening.win)
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If something has a finite supply and can't be replicated it doesn't need to be backed by anything.
The same thing backs crypto that backs gold and every other currency used throughout history... scarcity.
But crypto is better at every characteristic of money at the same time.
What's your $20 backed by? A promise lol....from THE GOVENMENT LOLOLOL!
You need to get out of the city and experience the rest of the country.
Crypto don't pay for shit outside urban or niche markets.
If someone bought BTC in November, they lost 50%. Worse than the dollar over the past year. Crypto is too unstable for long term storage.
Good luck buying fuel/food/necessities with your crypto when no cell service exists and the seller just wants to survive.
I'm from a town of 132 people. Your assumption is from the whole that you sit on.
Bitcoin is currently down 9% from a year ago today. The US dollar is down quite a bit more than that.
We are still very much in the early adoption phase. The instability of Bitcoin primarily started with the introduction of Wall Street and options trading as well as usdt commonly referred to as tether. Something that many of us that have been in the space for a number of years have been speaking out against for quite some time.
As far as using cryptocurrency when there's no electricity or cell service well the same thing goes for credit cards and if that lasts for very long, cash as well. It's just a dumb straw man argument of a scenario that's completely different than every day.