Reply to what happens when fiat currency/USD is killed or weakend?

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[quote=Anonymous][quote=Anonymous]Damn near impossible to buy a hotdog with Bitcoin. Try it - not easy.

More likely situation is the Trump tries to use some privately issued stable coin as a form of legal tender in the U.S.

So your personal savings in USD will be competing with a new privately issued digital currency for transactions. This stable coin will be backed by a basket of crypto, corporate debt, and fiat currency. You can also put your USD into this digital stable coin if you want. Stable coins are able to be transacted instantly.

I do not actually think we will have a national bitcoin reserve. It politicizes Bitcoin way too much; a future president can dump it all and really ruin things for the HODL crowd. The entire point of Bitcoin was to keep governments out of it [/quote]

What prevents this stable coin from being hacked?  Where do all of these transactions go? Where is your money held?  I read about Celsius, 3 arrows, Sam Bankman Fried.  Billions upon billions lost to the 1s and 0s in the cloud somewhere.  Why should someone who saves their entire life put their savings into all of this?  What will prevent massive loss?  [/quote]

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