Agreed. There's no other valid use case. For anything lawful, there's cheaper, more convenient, more stable alternatives and at the end of the day governments d

Agreed. There's no other valid use case. For anything lawful, there's cheaper, more convenient, more stable alternatives and at the end of the day governments demand people pay taxes in their official currencies. If you want to have a house in the US, you need to pay USD to the government. The total land value of the US is conservatively in the tens of trillions, and the total amount of taxation in general, when adding up all the levels of government, is about 40% of GDP. You can talk all day about network effects, but guess which currency is going to get them... the one with trillions in compulsory demand, or the one that does not?