Banks are tech companies. When other countries say that they trust the US dollar, what do you think that means? It means they trust that our IT systems which

Banks are tech companies. When other countries say that they trust the US dollar, what do you think that means? It means they trust that our IT systems which manage the dollar are correct. They trust that when we say Warren Buffet has eleventy billion dollars, it actually means something tangible. And when they discover that trust is utterly and entirely misplaced, that our IT systems have been run as cost centers and endlessly rushed and slapped together and subjected to every form of intellectual rot that modern business practice could infuse into it.... well then things will get interesting. What if Walmart goes to pay off a supplier and the supplier asks for proof that the numbers Walmart is sending over the wire are actually backed by something and not just computational funny money? Well, we do have a form of money that's actually verifiably real and non-counterfeitable and doesn't just rely on some garbage IT....