The real question is how big the risk is relative to inflation, central banks collapses, bank runs and all other types of institutional risks.
No. False equivalence.
The other examples have a long history of applications that add value to people's lives (as well as disbenefits depending on your viewpoint and ideology).
Crypto-currency has never yet demonstrated any significant value to normal people, though plenty of the latter.
Cryptocurrency is different. No government is able to steal your Bitcoins by printing some more colored paper.
Yes today there are issues with volatility, but conceptually cryptocurrency is better than fiat money for the reason written above.
But if you like getting robbed every year then of course continue using fiat money.
Not all loss is theft.
Converting dollars into something that isn't dollars, which doesn't get you as much of that something, is a different concept. It is the value of the dollar is lower.
> Cryptocurrency is protected from this by design.
Not really.
Today, bitcoin dilutes holders through inflation tied to securing the network. Eventually, that inflation will end, but not in some of our lifetimes. Ethereum was inflationary but is now deflationary thanks to burning of transaction fees and the switch to PoS. The tokenomics of all chains can be changed over time, even bitcoin. It requires a fork of the chain that everyone follows. When inflation for bitcoin ends, I could envision miners agreeing on a fork that better protects their interests.
No, I cannot agree with you. If I had 100 dollars and then the government devalued them so that they are worth 98 old dollars then how is it different from taking 2 dollars out of my pocket? It is the same thing just called the other name. Of course, the government won't use words like "take out of the pocket" or "rob", they have scientific names for that like "monetary policy".
What you’re complaining about is the price of 12 eggs going up by $2.
It isn’t that you now have $98. It is that eggs are more expensive.
Of course the solution to that, is to print more eggs.
Part of the reason why inflation rarely goes down.
For example, this site [1] states that in recent years the inflation in Japan was about 0% on average. This proves that it is possible to keep inflation around zero. Maybe it is because Japanese government unlike Western ones has respect for hard-earned money of its citizens. It seems that Japanese government doesn't put its hands into citizens' pockets.
I have also read this article [2] but it offers no explanation for outstanding stability of Japanese economy.
[1] https://www.worlddata.info/asia/japan/inflation-rates.php