> If you're in the US This is a quite rare use case, talking worldwide scale. > If the federal government is insolvent your cryptocurrency will be useless bec

> If you're in the US This is a quite rare use case, talking worldwide scale. > If the federal government is insolvent your cryptocurrency will be useless because you won't have reliable Internet access There is an option you missed - when a bank is insolvent and the government doesn't care. > people will revert to cash or tangible assets if the federal government fails Why not get abroad and spend there dark ages, caching out your X-coins? > what institution is going to make a holder of cryptocurrency 'whole' again if something goes wrong with their wallet or the block-chain itself? Valid point. But sometimes these risks are smaller comparing to unavoidable perspective of being robbed by government which is trying to escape default.