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> So the only remaining question is why would normies who say (according to you) amen to all above would need crypto Exactly. They don't. Not as a currency. It
by knorker 4y ago
> So the only remaining question is why would normies who say (according to you) amen to all above would need crypto
Exactly. They don't. Not as a currency. It's gambling. And "normies" don't want to run a bank just to gamble.
> money backed by a world power and all its resources, and protected by ICBMs
And e.g. in the US the USD is not just protected from outside threat (ultimately) by ICBMs, but also internally by the fact that tax is due in USD.
There are cryptocurrency advocates who say that the USD is backed by nothing. Which is a very odd thing to say because as long as the US has tax laws there will be demand for the USD (under penalty of prison), to pay your taxes. Demand for a thing creates value for that thing.
Anyone who thinks that backing is not real is likely to feel the physical effects of its reality.