It absolutely matters whether something is tangible or not. Like I said before, it's fine to be excited about crypto, but you can't ignore basic economic and financial principles.
There is nothing tangible backing crypto which means that one unit of currency has no inherent value. Crypto has perceived value due to lack of regulation and global use, but that doesn't changes the fact that if nobody wants your unit of crypto it has zero value. Regardless of the likelihood of that occurring, it's possible.
With fiat currency the reliance isn't on people but the government. If a government is collapsing or broken to the point that trust erodes, the promises of the government become worthless since they can't be fulfilled.
Only the gold-standard maintains its value in the worst case scenario because you can still exchange currency for gold. This isn't about the future, what currency you like, or what anyone thinks. Economic and financial principles are fundamental and need to be considered first in order to properly understand currency.
Ok it matters to you if something is tangible but not to me or the rest of the world. You can't decide what matters for the rest of us.
What are you talking about? I’m presenting you with economic and financial principles. Your opinion doesn’t change those principles.
Crypto has a long way to go before it’s viable for everyday use and there will be a lot of people staying with fiat because the government’s promise gives them security.
Tangibility matters to the principles of economics and finance. You can’t decide that they don’t apply because you like something.