> I’d bet less than 0.1% of good and services are actually bought with it. (Optimistic estimates are 0.2%).
this also applies to nearly every 'normal' currency
If somebody put all of their liquid assets in any major fiat currency and lost half of it in a couple months you’d be surprised. If that happened with a crypto currency you wouldn’t.
Which goes back to my statement that any benefits beyond gambling are only theoretical and haven’t actually materialized in 15 years of being told it’s coming any day now.
this is in fact the majority use-case when i refer to people disciplining their central banks -- savings are converted to stablecoins pegged to the dollar etc. there is no alternative system that ordinary people have access to; buying dollars at a foreign exchange business is regulated and incurs punitive fees to prevent this from happening.