Comment by cs702
19 hours ago
Yeah, crypto is a safer, more reliable alternative for many use cases, including those that are fundamentally honest. For instance, if you're an honest person trapped as a citizen in a despotic authoritarian state that doesn't respect your property rights, crypto may be the safest, most reliable alternative for storing and transferring your hard-earned savings.
Ironically, crypto has developed something significantly better for these use cases called stablecoin, which isn't really decentralized.
A currency peg is a double-edged sword in and of itself, to say nothing of the risk brought into the equation by having to trust a stablecoin issuer.