What makes BitCoin a far greater risk than state based fiat currency is that it is based on a floating index. There is nothing at all keeping it tethered or sup

What makes BitCoin a far greater risk than state based fiat currency is that it is based on a floating index. There is nothing at all keeping it tethered or supported. All the ragers can go on all they want, but ultimately the value of the, e.g., dollar, lies in the confidence of and in the economy, government, and its people. That is the fundament of state based / backed fiat currency. If you want to hand over your money to hackers, financial hucksters, and frauds; go right ahead, but don't be disappointed that you get robbed when you go to play poker in a back alley. The very foundation and beginnings and underlying mechanics of growth are all wrong with bitcoin.