[dragonwriter]

> holding fiat for long times seems foolish.

Yeah, sure, but everyone except cranks who works in fiat openly acknowledges that. Fiat (well, major fiat currencies like the dollar) are good for low-volatility liquidity. For long-term accumulation of value, you invest in productive assets, which are both riskier over the long term and higher volatility over the short term, but have higher average long-term yields. And, ideally, you diversify investments in ways that maximize independence of at least long-term variation, to mitigate risk and get closer to consistent long-term average results.

Crypto“currency” that isn’t fiat-pegged tends to be worse than major fiat at the things people who prefer fiat think fiat is for, while (in the best cases) being a very high-volatility speculative asset with very good average performance over its history to date (which isn’t very long term). It’s thus not a great replacement for fiat, but potentially a bice addition to the stable of available investments.

[randomhodler84]

Replacement, maybe, no, I don’t know. It radically changes things back about 200y to a pseudogold standard but universally harder (energy usage over physical gold supply). I know I spend fiat over harder money. (I don’t spend bitcoin, I save in it).

I think you should not ignore the forest for the trees here. A small purchase today held for another 5-10y could prove quite lucrative for you.