[amjnsx]

And this has proven successful in many countries such as Zimbabwe, Venezuela, and Argentina

[FabHK]

A fiat currency is indeed just an accounting unit, but it has some floor against falling to zero, as it can legally extinguish any debt, and is needed to pay taxes.

Even so, sometimes they fall to basically zero. What chance does crypto have when sentiment turns against it?

[lottin]

Generally speaking it has been successful, more so than the gold standard. It's true that sometimes states fail, but that's not something a monetary system can prevent from happening, or insure against.

[immibis]

And the Bitcoin blockchain is just another state, with just another monetary system, which you can diversify into or not, and it can fail or not.

[samdoesnothing]

Leaving the gold standard has been so successful, as evidenced by the inflation crisis leading to rising cost of living and housing shortages in every western country.