[thatguy0900]

It is less of a dollar, because I can say you can exchange it for a dollar when you can not, in fact, exchange it for a dollar when you try to,because I never had enough(or any) dollars. In the real world when the bank runs out of dollars the government will give me dollars instead.

[aeternum]

For US citizens perhaps, but if you're a Russian citizen or company, the USD in your bank account is now just a worthless database entry.

Just because that weapon hasn't been pointed at some group of US citizens yet doesn't mean it can't in the future.

[hef19898]

Maybe, maybe not. In the meanwhile SBF and similar figures are happy to protect your money in crypto assets.

[aeternum]

Not your keys, not your coins. Those not willing to learn self-custody are definitely better off in USD.

[jacquesm]

> In the real world when the bank runs out of dollars the government will give me dollars instead.

Up to a point.

[rufusroflpunch]

I think that is a fair critique, but that will be coming at some point, very likely. Either a law requiring 100% liquid reserves, or a law bringing them into the FDIC system.