I'm genuinely glad crypto enthusiasts spend more time defending their position than they do being as obtuse against fiat as this comment is towards crypto (in my opinion). If they were as unnecessarily hostile, I imagine it might sound something like this:
It takes nearly half of the US budget with their military to secure the USD value by destabilizing poor countries and exploiting them for their crude oil, which is the most traded commodity in the world by fiat. In relation it's trivial to dissociate your identity from crypto you own, making it impossible for someone to prove you have crypto to steal, even with a gun to your head. All secured by harmless nerds using fractions of a percent of the worlds electricity usage, which doesn't even begin to approach the electricity the military utilizes from even a single one of the largest militarized nations.
It's obvious to me that neither of these are honest positions to take in a debate about the benefits and costs of these classes of assets.
It takes nearly half of the US budget with their military to secure the USD value by destabilizing poor countries and exploiting them for their crude oil, which is the most traded commodity in the world by fiat. In relation it's trivial to dissociate your identity from crypto you own, making it impossible for someone to prove you have crypto to steal, even with a gun to your head. All secured by harmless nerds using fractions of a percent of the worlds electricity usage, which doesn't even begin to approach the electricity the military utilizes from even a single one of the largest militarized nations.
It's obvious to me that neither of these are honest positions to take in a debate about the benefits and costs of these classes of assets.