- Certainly agree crypto should not be equated to cash. Unless the government is willing to recognize it as such.
But the same could be said for the fiat currencies used by governments around the world. Your U.S. dollar is worth less than it was a few years ago, simply because the government decided to print more of them.
It's not like the good old days, where an ounce of silver coin was an ounce of silver coin and was generally accepted anywhere one might go. The only difference being different countries' coins would have different pictures on them.