Advocates talk about the forthcoming collapse of fiat currencies and how crypto will fill the void. However, regardless of what we do/don't think about existing currencies, when you think of all the day to day things that are inextricably linked to them, such a collapse would surely spell disaster for most of us. How crypto is supposed to fill said void (if not already invested) goodness only knows. Even if invested, in a fiat collapse scenario, how quickly could/would crypto pick up the slack.
Also, even if crypto did replace fiat, surely we'd still require policy and legislation to protect us? So, ultimately, what's the point?
It's a bit like people that call for national uprising against governments. Why bother? Whatever replaced it would still need structure and hierarchy. Greed, desire for power etc would soon start to permeate through once more. Back to square one.
