What's wrong the coins I got issued from the federal reserve? I can already exchange them for things offered by Amazon and a whole bunch of other places. Why would I want to exchange them for a glorified Amazon gift card?
They are owned by someone who doesn't understand how one thing can be "good" without another thing in the same category being "bad".
Among a few.
There is widespread manipulation in the crypo market. The difference with crypto is that there are no regulations that even attempt to hinder it.
https://www.quora.com/Where-can-I-join-a-crypto-pump-and-dum...
https://www.reddit.com/r/CryptoCurrency/comments/lbzdn7/scam...
https://www.researchgate.net/figure/Example-of-a-pump-and-du...
> Unpredictable issuance.
Perhaps in theory, but USD has proven to be a far less volatile store of value than Bitcoin and Etherium, which have both been through the equivalent of hyperinflation and hyperdeflation over the past decade.
> Subject to censorship.
Currency is not subject to censorship, such a thing would be impossible. Certain payment providers have refused to process payments to various individuals, but such a thing would be possible in the crypto space as well.
If by less volatile you mean gradually losing value, I mean yeah.. But is that a better store of value?
> such a thing would be possible in the crypto space as well.
Nope, that is literally impossible with Bitcoin. Hitler could open up a shop, and no one could stop him from receiving payments.
USD is a horrible value storage in the last year's if you deal outside of USD