I totally agree to your views. The thing I am thinking about, is that the $ and (also the €) has also value, because the governments are able to enforce its use, or ban the alternatives. I know that cryptocurrency is designed in a way that it is not possible to shut them down easily, as long as some are running a node. However, we all depend on an internet connection (or a device) that can be monitored easily and is hard to anonymize for the average Joe. Given the helicopter money we are seeing to get distributed, we might see the discussion turning against crypto. The campaign might be like „Where was crypto when fiat saved your live in the corona time.“ That, together with the more conservative leaders we are going to face during a crisis like this, might lead to the criminalization of crypto as well as the legal enforcements to restrict their use. I hope I am wrong and I hope the industry is mature enough to fight for its existence.
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I would not disagree with the thought that there is a push to turn people away from crypto. That is why it is imperative that we get as many people into using it as possible.
As for the helicopter money, we cant buy into the hype. Very little of it, at least in the United States, is getting into the hands of average people. Even unemployment is impossible to get in a number of states like Florida and New York.
Government bureaucracy is operating full tilt to screw up any help that is being passed out.
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