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0 pointsbawolff4y ago0 comments

Yeah, but most other countries already have their own fiat currency. In the unlikely event this actually succedes,i still don't see why it would threaten US as global reserve currency or otherwise make a difference.

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errantmind4y ago

It threatens the US as a global reserve currency because everyone knows the US can inflate away the value of the dollar at will.

Decentralized trust is the exact reason why some digital currency, like bitcoin, may eventually replace the dollar as a reserve currency. That is the game theory aspect, in relation to the US dollar

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errantmind4y ago

It threatens the US as a global reserve currency because everyone knows the US can inflate away the value of the dollar at will.

Decentralized trust is the exact reason why some digital currency, like bitcoin, may eventually replace the dollar as a reserve currency. That is the game theory aspect, in relation to the US dollar

j / k navigate · click thread line to collapse