[mechnesium]

Crypto is a great utility in this respect, when physical commodities and fiats are severely regulated or vulnerable to seizure in times of strife.

But when using crypto, you are fundamentally trading high utility in exchange for high risk. The extremely volatility of crypto makes the stock market look like a playground. There’s nothing in the way of your life savings being reduced to zero when you need to make a life-changing transaction.

Nationalized paper fiats such as the US dollar are at least protected from extreme volatility by the Federal Reserve, but to obtain such protections, you must trade the high utility for encumbrances like heavy regulation.