Can I buy a pizza with it or pay my bills with it? Can my employer pay me in it? Or is it just an “emperor’s new clothes” thing? I just don’t see the tangible value in it. Rhetorical questions, BTW, I know you can’t buy a pizza with it, at least outside of some edge cases that I’m not aware of.
I thought what made money money was everyone agreed it was valuable and was willing to exchange it for goods and services directly. I don’t see that with crypto.
These are the types of examples used, but I don’t not think it is actually good for these uses. If your account is hacked and someone takes the crypto, there is no way to reverse the transaction, now what the hackers own your company? If you can invalidate the shares and reissue new ones, then owning the crypto is not actually ownership of the company.
Even without theft what do you do when people simply lose access to their wallets. Maybe because they forget their password or they die and they never gave their heirs the information.
That’s all true. There are also risks with other forms of currency though. Cash is entirely vulnerable to theft (and destruction, and you can even lose it eg: forgetting where you hid it, just like forgetting a password). And other accounts can be hacked and stolen from as well, not always in any traceable way, else there would be no bank fraud or credit card theft. Nothing’s perfect.