All money is fake money, the notion of a currency is a value fiction shared among a group of people.
Most governments are very young, and do not last very long historically. Central banking is a handful of decades old, cryptocurrency is one decade old.
Neither the maximalists nor deniers are right at this point. It remains to be seen when/whether cryptocurrency will replace fiat currency.
“The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law' becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.” - Paul Krugman
Most governments are very young, and do not last very long historically. Central banking is a handful of decades old, cryptocurrency is one decade old.
Neither the maximalists nor deniers are right at this point. It remains to be seen when/whether cryptocurrency will replace fiat currency.