Skimming this article and it seems like people still really don’t get it. Fiat currency doesn’t exist because convenience or mechanisms of fungibility or anyth

Skimming this article and it seems like people still really don’t get it. Fiat currency doesn’t exist because convenience or mechanisms of fungibility or anything else mechanical about the medium. It exists because a _country_ backs it. A _country_ guarantees it. And I don’t mean a “country” in sociopolitical terms. I mean a literal country. A land that is full of people and all the value therein. Their potential value, their military value, their moralistic value, their natural value, and so on and so forth. This is why crypto doesn’t work. The second any major fiat player (ie, A COUNTRY) goes against it, it’s dead in the water.