Your religious faith in government is going to bite you in the Obama some day soon.
If from my words you believe I have religious faith in government, you are completely missing my point. I don’t think you’re really listening to me.
Let me be crystal clear here: fiat currency supported by a government and its military is not a stable and sound form of money. However. It’s way ahead of a currency like crypto that is founded on and supported by nothing but faith. That is, faith and the concept of the greater full theory. On a scale of 1 to 10 in security of the money type, I put fiat currency at a 2 and cryptocurrency to 0 or 1. Faith can disappear overnight. And the only power faith has in the real world is the ability of those with faith to become violent when their currency is threatened. I consider that to be a paper tiger. Or, another way to look at it, is that if that ever does happen that will be the least of our problems.