> Why can't they use US Dollars or Japanese Yen instead? If you burnt by your own government, chances are you will not trust a foreign government either, espec

> Why can't they use US Dollars or Japanese Yen instead? If you burnt by your own government, chances are you will not trust a foreign government either, especially the one which has a recurring record of bullying other countries and freezing dollar assets for foreign entities over geopolitical matters. There is a reason why Gold is so popular world over - people had shitty rulers for most of our history and they trusted no one, not even a benign ruler from some other country. > its probably cut off (including from BTC). You can't cut off BTC. That's the beauty - as long as you have internet, you can use BTC. > you've now got the problem of counterparty risk Which is why you don't trade it every day. Trade it only occasionally when you want to do big value transfer with trusted parties. See how Afghan girls used it to escape Taliban: https://www.reuters.com/article/crypto-currency-afghanistan/feature-salaries-to-remittances-afghans-embrace-crypto-amid-financial-chaos-idUSL8N2QU39A https://www.reuters.com/article/crypto-currency-afghanistan/... > Why do you want to transact with denominations of that size with people who are clearly untrustworthy? Strawman. I didn't propose that at all. > And its dead on the high-end due to unreliability of the community. No it's not. You can store your wealth in BTC and use it sparingly with trusted parties, just like people have done it with Gold for centuries. > What exactly should I use BTC for? Store of value. Just like Gold. Con: it doesn't have long history of Gold. Pro: it is much easier to transfer or take it with you (just 12 words) when you are fleeing.