Which is EXACTLY the same as all other fiscal vehicles. Except in the case of USD, the group of sociopaths you describe are the elected representatives of USGOV. What defines money as real, Vs not real? The fact that it’s backed by the central bank? Is that actually a good thing and positive for anyone? Decentralised finance as a concept is a good thing. Sometimes it takes a little froth for something to take hold. I’ll bet there were a bunch of people who said similar things about trading shares and futures trading. You can argue that both of those things are ultimately scams. They are legitimised only due to the fact they make capital. Crypto makes capital. And it’s now easy to swap between fiat and crypto.

I LOL at OSS people who say that a government backed crypto currency is a good thing. Explain how monolithic control of finance is good for everyone. Please

I counter this perspective with the fact that quality doesn’t improve proportionally with the price. You pay more and get Incrementally less. That’s actually not directly the consumers fault. If you paid two thirds more but got 150% more, then it would be worth it. But the only way to do that is probably to reduce the quality of the cheaper seats.

Deus Causa Sui