The utility of crypto versus gold depends on where you are and whom you are dealing with and for what purpose. Zimbabwe’s crypto backed by and convertible into gold combines the convenience and reduced transaction costs of crypto with the fundamental value and physicality of gold. What’s not to like?
Right. Much like the utility of t-shirts vs any cash, as Jimmy Buffett proved.
But we still have the basic issue here that no form of money has intrinsic value. Zimbabwe’s problems prove you wrong when you insist legal tender is automatically wonderful, and my dismissal of it right. And the fact that you need to go to a country whose monetary supply has been best used as toilet paper for decades for you “example” of crypto convertible to gold as a good thing just shows again that you’re wrong in all the ways.
Look, it’s been fun. But you’re so full of crap you’ve actually now descended into arguing against yourself, and you don’t even realize. Bye bye, see ya on some other thread.