I would add this observation to the discussion.  

Salient

 
The salient point here is: YOU are alive. You are the embodiment of capital. Think about it. Either by lending your life-force to perform a service, or by lending your life-force towards creating a product.

You are basically transmutating your life force into something. That something has value. Otherwise you would not have done it. Value does not mean that each and every other man consider it it at the same level. Usefulness is one such characteristics used to measure value. It comes down to the question: What problem doe sit solve?

At any rate, the above suffices, I think, to illustrate that YOU are the source of capital. And you enrich it by using that part of nature with your energy into a useful product, or service, which can be positioned to solve issues experienced by others who gladly exchange your goods and services for one of theirs.

In essence, you have made your own medium of exchange. It is either: your life force, or: something you created with your life force. It means, you are the actual source of a medium of exchange based on contract.

In other words: a medium of exchange is in essence a private matter. It is not a public one.

For instance, there was once a time when Taxes were paid in chickens and other livestock. Does that make the chickens and livestock a public medium of exchange? The answer is no. It still is a private medium of exchange. And whether a certain chicken is accepted as the medium to extinguish a debt, is a matter of assessment/assay.

Private

When we are looking at countries, it is perfectly OKE to agree that a certain medium of exchange needs to adhere to certain basic characteristics. Let's call it weights and measures.

This then leads to the point of the proscription of WHAT a medium of exchange makes. For instance: it could be proscribed that a valid medium of exchange is a certain amount of metal of a certain purity. And to proof this purity, such media of exchange are exhibiting an assay-mark.

This entry into a system of the creation of that medium of exchange is still a private matter. That was the reason Americans could deliver Silver and receive coinage back. It does not mean that the silver itself cannot be used a medium of exchange, but the assay, making the silver into a US Dollar, meant, it was assayed, trustworthy.

Enter Banks

Banks started to exchange deposit of silver for slips denoting the amount of silver deposited. These slips, at least in the Low Countries at the Old Exchange Bank of Amsterdam, were discounted with 2%, and circulated around as a means to settle debts.

These slips were private issue of the bank.

This phenomenon was also visible in the US, where banks issued their own currency: Private money.

The FEDERAL RESERVE NOTE remains a private issue note of debt, although it is in an opaque way governed by public law.

Enter Crypto Coins

Currently, most crypto' s exists in the form of a private issued coin on a blockchain. Many blockchains are transparent. One is not: Monero.

Meaning, there is a choice as to which currency you wish to use: identified, pseudo-anonymous or really anonymous.

Currently, several countries (95) are pursuing the issuance of the own version of a crypto coin which equals the fiat-currency as legal tender in those countries. EU wishes to issue it's CBDC. It sounds nice. No interest bearing Public Money.

Public Money is a commie idea.

Worse for the EU: The European Central Bank just calculated that it has 7000 billion in non-performing loans, meaning, that those 7 trillion have to be discounted if there is to be any chance to underwrite a CBDC. And besides, they are very big on connecting the CBDC with EU-id, patient-file and basically, ANY data the government has, including access to internet and social media.

Choice

From the above it becomes quite clear that there are a couple of options to pursue your commercial life. Gold and Silver remain the major and basic items to have if one is to be less dependent on government issue. And given the track record of governments, you cannot trust the government to deal honestly with you.

Banks are no different. So, bank currency and government currency are means to enslave you, or keep you in a debt-position.

Crypto coins can serve as a great way to exchange means. And it really depends on the use-case: what problem does it solve, whether adoption will be limited, major or not at all.

Given the nature of crypto, it is worth it to invest some time to get to know the ecosystem and how these coins interact, and what you can do with them. It is also worthwhile to have a system where FIAT is tied to Crypto, so you can switch more easily. But be mindful of your data!

Just like virginity, you can only lose it once.

ADDED

Issue -1:

There is one issue that is known to a smaller group. Every coin exists based on decentralization. Meaning, no one person of group controls the validation of the transactions on the chain.

So, if the choice is to support a crypto currency, it may also be wise to consider adding hashing power. This stabilizes the chain and prevents a coupe d' etat. However, it can be costly.

And this brings us to the second issue.

Issue -2:

Monero for example has a blockchain size of now more than 86 Gigabyte of data. And it may take 3 days to download that.

BTC = 500 Gigs. https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/

Of course, with more usage comes a bigger file size. It is in essence prohibitive to the basic idea of democratizing the payment system and allowing numerous users to stabilize the chain, instead just a few.

As it were, for national security reasons, state actors could, funded by tax money, set up a controlling interest in a blockchain. The same goes for big corporations.

So, there are some things that need your awareness, when deciding what route to use. one, two or all three.

I would add this observation to the discussion.  

Salient

 
The salient point here is: YOU are alive. You are the embodiment of capital. Think about it. Either by lending your life-force to perform a service, or by lending your life-force towards creating a product.

You are basically transmutating your life force into something. That something has value. Otherwise you would not have done it. Value does not mean that each and every other man consider it it at the same level. Usefulness is one such characteristics used to measure value. It comes down to the question: What problem doe sit solve?

At any rate, the above suffices, I think, to illustrate that YOU are the source of capital. And you enrich it by using that part of nature with your energy into a useful product, or service, which can be positioned to solve issues experienced by others who gladly exchange your goods and services for one of theirs.

In essence, you have made your own medium of exchange. It is either: your life force, or: something you created with your life force. It means, you are the actual source of a medium of exchange based on contract.

In other words: a medium of exchange is in essence a private matter. It is not a public one.

For instance, there was once a time when Taxes were paid in chickens and other livestock. Does that make the chickens and livestock a public medium of exchange? The answer is no. It still is a private medium of exchange. And whether a certain chicken is accepted as the medium to extinguish a debt, is a matter of assessment/assay.

Private

When we are looking at countries, it is perfectly OKE to agree that a certain medium of exchange needs to adhere to certain basic characteristics. Let's call it weights and measures.

This then leads to the point of the proscription of WHAT a medium of exchange makes. For instance: it could be proscribed that a valid medium of exchange is a certain amount of metal of a certain purity. And to proof this purity, such media of exchange are exhibiting an assay-mark.

This entry into a system of the creation of that medium of exchange is still a private matter. That was the reason Americans could deliver Silver and receive coinage back. It does not mean that the silver itself cannot be used a medium of exchange, but the assay, making the silver into a US Dollar, meant, it was assayed, trustworthy.

Enter Banks

Banks started to exchange deposit of silver for slips denoting the amount of silver deposited. These slips, at least in the Low Countries at the Old Exchange Bank of Amsterdam, were discounted with 2%, and circulated around as a means to settle debts.

These slips were private issue of the bank.

This phenomenon was also visible in the US, where banks issued their own currency: Private money.

The FEDERAL RESERVE NOTE remains a private issue note of debt, although it is in an opaque way governed by public law.

Enter Crypto Coins

Currently, most crypto' s exists in the form of a private issued coin on a blockchain. Many blockchains are transparent. One is not: Monero.

Meaning, there is a choice as to which currency you wish to use: identified, pseudo-anonymous or really anonymous.

Currently, several countries (95) are pursuing the issuance of the own version of a crypto coin which equals the fiat-currency as legal tender in those countries. EU wishes to issue it's CBDC. It sounds nice. No interest bearing Public Money.

Public Money is a commie idea.

Worse for the EU: The European Central Bank just calculated that it has 7000 billion in non-performing loans, meaning, that those 7 trillion have to be discounted if there is to be any chance to underwrite a CBDC. And besides, they are very big on connecting the CBDC with EU-id, patient-file and basically, ANY data the government has, including access to internet and social media.

Choice

From the above it becomes quite clear that there are a couple of options to pursue your commercial life. Gold and Silver remain the major and basic items to have if one is to be less dependent on government issue. And given the track record of governments, you cannot trust the government to deal honestly with you.

Banks are no different. So, bank currency and government currency are means to enslave you, or keep you in a debt-position.

Crypto coins can serve as a great way to exchange means. And it really depends on the use-case: what problem does it solve, whether adoption will be limited, major or not at all.

Given the nature of crypto, it is worth it to invest some time to get to know the ecosystem and how these coins interact, and what you can do with them. It is also worthwhile to have a system where FIAT is tied to Crypto, so you can switch more easily. But be mindful of your data!

Just like virginity, you can only lose it once.