> The fact we have currency that fluctuates on a day to day basis despite not being tied to anything beyond our trust in the system is not much better of an argument.

Translation of what you wrote: "I've never really thought about economics for more than a couple of seconds, and therefore I cannot see the difference between the US dollar which literally supports a 21 trillion dollar economy and is guaranteed by the full faith and credit of the richest government in history, and a cryptocurrency backed by no one, which performs perhaps 0.01% of the transaction that the dollar does."

https://www.verywellmind.com/an-overview-of-the-dunning-krug...