What is interesting to me is a monetary system devoid of governmental control. But you know the old saying, cash talks and BS walks. Hard to understand a currency without physical representation if the electronic grid ever goes down.
In a sense, we have that already.
Something like 97% of the “wealth” in this country isn’t in cash - it’s in Savings and checking accounts, Stocks, Certificates of deposit, 401(k)s..
If the grid goes down, for many if not most people, what you got is whatever you got stuffed under your mattress, or coins lost in your couch. That’s it!