Wasn’t entirely disagreeing, I get your points, but yeah do disagree on several of them, save the points on power outages and physical linkages.

TBD where things should end up, I don’t claim to know I’m right on the big picture, as it’s too complex.

Imo the best compromise seems to be to end up in a system with both physical and crypto, where crypto serves more of an accounting/distance transfer/account reconciliation function, to limit costs on unnecessary physical transfer of physical assets + have a better idea of how much there actually is, and possibly some lesser ledger to serve as a sort of debit card against validated assets.