None of that applies to Bitcoin. Is that good enough example from real life?
Cryptocoins are not backed by anything, making them very volatile and thus unsuited as a foundational currency for any stable society.
This example only illustrates to me that cryptocoin proponents only have esotheric hypotheticals in mind.
Sure Venezuela happened, but those are exceptions. When the stock exchanges went down hard due to corona, the cryptocoins went down hard too. But regular money kept stable.
Yes fiat money is just a record in a database. And that's it for cryptocurrencies. But fiat money like a dollar or euro is so much more.
Bitcoin is governed by math and that’s why it’s valuable to me.
Bitcoin is beneficial to society because it provides choice. I don’t care if you don’t get it or if you disagree.
The truth is that cryptocurrencies like bitcoin are highly volatile and in fact a very dangerous alternative.