[PGR88]

It’s 1’s and 0’s stored in a Cloud in Beijing or Kabukistan somewhere...........🤔🤷‍♂️

compared to pieces of paper with George Washington's picture on them, for which in exchange, the Federal Reserve will give you - more pieces of paper with GW's face on them.

[Red Badger]

WE ARE NOT FAR FROM THIS POINT....................

[Boogieman]

“...the Federal Reserve will give you - more pieces of paper with GW’s face on them”

Yes, but at least people have some level of assurance that the Federal Reserve will still be there next year, next decade, next century even. Crypto systems might last a few years before they belly up if you are lucky.

As bad as fiat money is, crypto has all the same disadvantages, plus a few more.