It doesn't matter if it is fiat or not necessarily. But if I told you your money was going to be worth half tomorrow, then half again the next every day for the next 16 weeks... You would think shit... Maybe there is a better way to do this. That has happened to millions of people across several countries. They didn't wake up one day and choose it, but poof gone. Your entire life turned to nothing because we are using currency that isn't based on anything but a government that can collapse. Universal currencys not run by local governments could help prevent such.

The thing is, large countries that don't have these problems currently, are the ones with power to change that.. and would never vote to change it, because it could help poorer countries create stability and grow over time, which makes them not so much less than the big countries who want to be able to take advantage of those countries when they wish for their advantage.

Didn't the UAE say like yesterday they were going to start trading petrol in Yuan if they run out of dollars. People will accept whatever they feel is safe and available. Crypto isn't safe, so it won't be used

The energy used has near nothing to do with value of the coin in the post. Bitcoin and Etherium are completely different in this manner.

That said, Etherium shouldn't be taken up globally as a universal currency as it came from dirty roots like most currencys do. We need a pure untainted currency created that goes global

to me it feels like the subtle difference between a representative democracy and a direct democracy. Representative tends to be more common as those in power are more willing to transition to systems in which they could reasonably hope to keep most of their power, whereas I see the crypto selling point being that the end-users would have some voting rights towards the setting of inflationary rates (different mechanisms for adjustment than fiat, I am sure [seriously not an expert on crypto or fiat {or what I think involves an understanding of “modern monetary theory”}]), versus non-government financial platforms such as bank owners (federal reserve) printing the money in order to effect inflation rates.

Oh yeah it's a huge stretch. I just mean that the revolution tied to etherium was chopping out the massive environmental impacts compared to Bitcoin.

Otherwise I look at it as the U.S. government owns the dollar, and it's value is directly tied to what they say it is. If the U.S. government decided to double the amount of dollars in the world tomorrow and use the money in the way they want, everyone who owns said money just saw it's value half, and only if they were on the in and in of who the federal government cared about would you possibly benefit or even make even.

"I bought a bond for $100,000 with guaranteed 4.34% interest over 10 years"

Then the government prints as much as it wants or makes decisions that could devalue the currency to its own benefit. Currency value drops by 10%, they pay you out 4.34% interest... And you lost money. Why, because the U.S. dollar lost money and much of the world hedges their bets on the U.S. staying normal.... Which the U.S. Doesn't look very normal right now.

Hell if I became president and had support in Congress I would "print" 20 trillion dollars virtual of course put it in an account and build housing for everyone in the U.S. that doesn't have it using 250k homes rotating them out every 30 years off the interest and money from that false account. It would put a shit ton of people to work, it would renovate all old homes deemed good enough to sustain people for the next 30 years and end homelessness while creating jobs or housing in areas which allows companies to expand to areas we otherwise weren't using. Solar powe, fiber, whatever can be set up all around..

Everyone else's money drops in value, but all housing and rent costs just disappeared. Jobs are abundant and stress would drop for a lot of America. The debts we owe are in U.S. dollars, everyone now owes less, a crazy stupid slate to shake things up.

Every other country/person that owned U.S. dollars, well they are just out of luck.. they just lost a lot of value.

Point is, who knows what kind of crazy shit people could do in government. If it collapsed in 1 country, not everyone who lives there should suffer because their only money is held together by that government. A universal currency is safer in that mindset.

Some places do pay with crypto and accept it as payment for legal goods, as well.