[coralreef]

Even better: being able to create money out of thin air…oh wait.

[traveler01]

Isn't that what the federal reserve is being doing for the last decades?

[jqpabc123]

I know ... just let anyone act like the federal reserve for fun and profit. 12,000 cryptocurrencies and "stable coins" later (the number doubled over the last year) --- does anyone really feel like the problem has been fixed?

[As_You_Wish]

Yes, but at least greenbacks are backed by real stuff. Backed by the USA, all the millions of workers, the US military, goods being produced, etc. Can a national currency be wiped out? Sure, through mismanagement. BUT, that does not negate the fact that the US dollar is backed by a whole lot of actual assets.

Crypto is backed by nothing. Nothing.

[ProllyInfamous]

...as well as any/all US Chartered banks/FCUs. See "Fractional Reserve Banking."

Fidelis in Numeris