It sounds like your chief concerns are around transacting on and storing all your money on a layer 1. It would be very similar to walking around with your life savings in cash in a briefcase. But just like cash has banks, custodians, and settlement layers so can (for example) bitcoin.
If all services sitting on top of bitcoin were equal to the USD (settlement, fraud protection, PayPal/Venmo, etcetc) then you’d really need to compare the “tokenomics” of the currencies. With bitcoin, you have complete predictability in terms of when new bitcoins are created (inflation). With USD it’s purely up to the government.
If all services sitting on top of bitcoin were equal to the USD (settlement, fraud protection, PayPal/Venmo, etcetc) then you’d really need to compare the “tokenomics” of the currencies. With bitcoin, you have complete predictability in terms of when new bitcoins are created (inflation). With USD it’s purely up to the government.