All money has counterparty risk. Yes, even Bitcoin and physical gold. You can remove the risk of having your money inflated away, and reduce the risk of having it confiscated, seized, or frozen.

So you can remove the risk of someone taking your money without your permission. But you're left with the risk of someone refusing to take your money with your permission, refusing to accept your money in exchange for goods or services.

Money is a social technology. Counterparty risk is intrinsic to the concept of money itself. Accepting money is forming an implied contract between yourself and civilization as a whole, and it's a voluntary contract, so the individuals who make up that civilization can always choose to break their side of the contract.

Also, this little barn cat is becoming quite the self-absorbed little bastard.