but money has intrinsic value. It is directly tied to the economy of a country. So if a country was to collapse, so would it's money.
The point here is that if a country collapses, then you got bigger problems than the loss of whatever stored currency you got. Even if your money is in the hypothetically useful crypto, you got far bigger problems that the money you own is useless to you, you need to survive.
But aside from that extreme scenario, money is not the same thing.
Another way to think of it:
There is nothing in the world that would prevent the immediate collapse of crypto if everyone who owns it just decided to sell.
If everyone in the world stops accepting the US Dollar, the US can still continue to use it internally and manufacture goods and such. It'll just be a collapse of trade, but then even in that scenario people can just exchange the dollar locally for say gold, and trade gold on the global market. So the dollar has physical and usable backing. Meanwhile crypto has literally nothing.
There were many currencies in history that have lost all or almost all its value upon serious economical crisis in respective countries. It seems you wouldn't call that money? Crypto is simply an alternative currency.
Right, INTERNAL economical crisis is what causes the collapse of currency. But just because the rest of the world doesn't recognize it, doesn't mean it is worthless, it simply converts.
Bitcoin has nothing in and of itself.
Also private currency like script was awful, please don't take the worst financial examples in history and claim that bitcoin is similar as an argument as to why it is valid.
