That big disadvantage isn’t just “people with guns”. It’s the value of an entire stable society. The reason the USD has reigned supreme for so long is because the US has been a relatively peaceful and stable country for so long. Their fiat value are 1:1.
Crypto, unless it receives the backing of a country (that is, the US decides to switch to bitcoin for some reason), will _never_ have actual value.
Crypto, unless it receives the backing of a country (that is, the US decides to switch to bitcoin for some reason), will _never_ have actual value.