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> It is our insurance against them.

How?

They can't block your crypto account/wallet like they did with bank accounts in Greece, Cyprus, Iceland etc. https://en.wikipedia.org/wiki/Capital_controls_in_Greece

Even only this is enough, but there are many more ways this insurance works.

Ahh the continued bs that any of this junk is decentralized.

99% of this junk operates within centralized exchanges who can be forced to close it down and have a disproportionate level of influence on the currency itself.

It can be, and may do so under extremely small volumes, but the vast majority of people interact with this in a centralized fashion.

Yeah, it can hurt the price (as the implosion of LUNA/UST did). Of course. Will it obliterate it? I really doubt it. The main case (to resist the government) will even be strengthened if such a thing happens.

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