Hello Ms. Adkins, I'll see your view of crypto with some skeptical critical thinking:)
But first I'm still annoyed that you stopped posting your weekly chapters! Completely forgivable though:)
Okay, I'll start with the similarities between fiat and crypto:
-fiat was more or less brought into modern existence by a now not so shadow elite who are surrounded by at least 3500 years of controversy. I can think of no other group who can claim this dubious distinction and thank-you Mr. internet for blowing the doors wide open in a great revealing! Crypto has been brought into existence by a shadow elite.
-fiat brought in alongside itself the largest tax infrastructure in the history of humanity. Crypto is also being taxed and in the most dubious way: by making yearly holdings taxable! This comment won't get into how ridiculous this method of taxation is on crypto--the point is crypto in itself has done nothing to alleviate the ridiculous tax burden on the average person. Only the fiat and crypto elites can escape the tax burdens by hiding their money in off-shore havens. Hardly any difference as far as I can see.
-fiat has ushered in the most unsustainable inflation system in human history. There is nothing I'm seeing in crypto that addresses this problem.
-fiat has ushered in an environmental nightmare for the planet as the economics of fiat are unsustainable when there are finite resources. Crypto does nothing that I can see that addresses this problem of sustainability; in fact, bitcoin is enormously power consumptive from the knowledge I have.
-fiat gave a very small percentage of the population unfair advantage over the majority by issuing fiat via nepotism; the model also incorporates lowly evolved economic Darwinism treating humanity as nothing more than animals. Crypto seems oddly similar in that the main proponents seem to be a circle jerk of in-group​ shilling (a thrilling as circle-jerks may be to some), it's hardly a rational way of delineating​ the pros and cons of any economic system.
I could go on but a comment shouldn't​ get too unwieldy:)
BEST:)