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.
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.