[viklove]

Trying to have a conversation about economics/finance without bringing in politics is nearly impossible. But what you call whataboutism, many see as valid criticism of the USD. You haven't really made any good case against crypto except "fiat was here first, so it is a core part of society," which isn't a very convincing argument. There is no whataboutism, I just prefer to have my wealth stored in an asset thats supply can't increase by 25% in one year based on the whims of some rich politicians appointed to the Fed. I can trust crypto because I can predict what it will do in terms of affordances and supply. With USD I can't do that. My money isn't in my control and I don't like that at all.

If Coinbase went and handed out a trillion $ worth of BTC to the wealthiest corporations in America over the past year, I would have my wealth in a different asset. Coinbase didn't do that with BTC though, the Fed did it with USD. I worked hard to earn this cash, why should I let someone else devalue my work without consulting me first?

[louwrentius]

Oh the case against crypto is still what it always was:

https://louwrentius.com/cryptocurrencies-are-detrimental-to-...

> I can trust crypto because I can predict what it will do in terms of affordances and supply.

That sounds like a delusion. BTC is very volatile. When the music stops, there won't be enough chairs...

The Fed did hand out USD but that is for a very, very good reason: to keep society up and running, to keep it from total collapse.

I understand that keeping society operational is not very profitable for you, but I think it's rather nifty.

[viklove]

> in terms of affordances and supply

Seems like you misread this part of my statement and replaced it with "price."

> to keep society up and running, to keep it from total collapse

Inflating the global reserver currency won't have this effect, it will only prolong the inevitable outcome. The reason we're in this situation in the first place is because of the US govt's mismanagement of the USD over the past five decades. I want out and crypto is my ticket, who are you to tell me I shouldn't be allowed to make this decision? I'm not telling you to stop using USD. I just want you to stop arguing for a crypto ban.

[workallday21]

I think you are getting close to an explanation. You "getting out" weakens the system. You must be kept in.