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If it is not a real object, it is a form of pyramid or ponzi, that is, all kinds of money is not the product or real object such as a chair, a shoe, a car, etc.

Money is just an vow to exchange something, and has no value.

But cryptocurrencies are even worse than money, they depend on technology, and in a difficult situation they can't be used, and they are used in money laundering for Russian, Chinese, Italian mafias, ISIS terrorists, etc. Cryptocurrencies are not officially approved by the government, that is, the government may block them, as Turkey did and banned cryptocurrencies, now imagine if USA and other countries do the same ? There's gonna be idiots committing suicide.

If you own cryptocurrencies, I recommend that you take all the cash value of them, and start buying real objects, such as house, car, even food, pay your bills, etc.

Get out the sooner the better.

If it is not a real object, it is a form of pyramid or ponzi, that is, all kinds of money is not the product or real object such as a chair, a shoe, a car, etc. Money is just an vow to exchange something, and has no value. But cryptocurrencies are even worse than money, they depend on technology, and in a difficult situation they can't be used, and they are used in money laundering for Russian, Chinese, Italian mafias, ISIS terrorists, etc. Cryptocurrencies are not officially approved by the government, that is, the government may block them, as Turkey did and banned cryptocurrencies, now imagine if USA and other countries do the same ? There's gonna be idiots committing suicide. If you own cryptocurrencies, I recommend that you take all the cash value of them, and start buying real objects, such as house, car, even food, pay your bills, etc. Get out the sooner the better.

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[–] • 3 pts

Many cryptocurrencies cannot be "banned" that was the point of many, to decouple control of monetary systems from extra-governmental entities. Some are totally a ponzi scheme, but fiat money is not "real" either. It's fancy paper, value is what you believe it to be in either.

[–] [deleted] • 0 pt

In a catastrophic situation or civil war, only real objects will have value.

[–] • 2 pts

Nope. A single country going down isn't going to take out a major cryptocurrency. Half the countries in the world going down won't take them out. Plus, people have backups that don't need electricity to boot back up later.

[–] • 0 pt

That's not an argument against cryptocurrency really. Theoretically in a situation described, you could retrieve your bitcoin after the fact, something you couldn't do with your fiat cash if your nation lost.

Blockchain tech holds the key to a monetary system far superior to fiat, hands down, no questions asked.