Quote Originally Posted by Gandalf View Post
Crypto like Bit coin is just as good as gold in terms of reasoning. It isn't FIAT as there is only a limited supply of Bitcoin, but it does have flaws. For instance, when an EMP hits or you end up like Puerto Rico there really isn't much you can do with it. China is already clamping down on it, but like you pointed out, governments will want to use crypto as a means of ultimate control. Basically I want freedom and it's harder and harder to have freedom.
Miles it is Fiat, fiat has nothing to do with how much is available but the fact it is based on nothing but what people think it's worth. Some economists argue it is a Ponzi scheme as the only thing bringing up the price is those getting in now. Some of these Bitcoin guys think the value will never drop. That would mean crypto is the only investment vehicle in history that had never had a correction or crash. Bitcoin and such is nothing but a modern tulips craze @Gandalf