In my humble opinion, it's best to have both state-regulated money and non-state-regulated money compete. The market for money itself should be a capitalist fre

In my humble opinion, it's best to have both state-regulated money and non-state-regulated money compete. The market for money itself should be a capitalist free-market competition, survival of the fittest. This is the first time in history where that scenario may come to fruition in a big way. People have always been stuck with one or the other. Now, state-backed monies are forced to compete and maybe it will finally breed some innovation (of note, CBDCs). If non-state currencies fail, so be it. If state currencies fail, so be it. But the competition is important imo.