3 ms·
>Will anyone criminalise the US army because they use lots of energy? Ah yes, the old trope that people use the US dollar because they are forced to. Meanwhil
by itsoktocry 6y ago
>Will anyone criminalise the US army because they use lots of energy?
Ah yes, the old trope that people use the US dollar because they are forced to.
Meanwhile, back in reality, people around the world are desperate to get their hands on USD for commerce, because it's easily transacted, accepted and valued anywhere. You know, kinda like Bitcoin purports to be, but way more common.
- lxgr 6y agoArguably, modern currencies are backed by the ability of nation states to demand tax payments in them, creating a steady and stable (due to being directly proportional to economic activity) demand for them. A currency having value abroad is arguably a side effect, not the main goal.
- jiriknesl 6y agoOf course, it is everyone's taste. One values USD more and other BTC more. Objectively, so far, BTC was a better investment. And given some 80% of BTC was already mined and there will be no more BTC ever while 20% of USD was printed this year (edit: sorry, in 2020), I undestand why some people stash Bitcoin. I have maybe 0.5% of my net worth in it, but I am very happy for those 0.5%.
- itsoktocry 6y ago>Objectively, so far, BTC was a better investment. Dollars are not meant to be an "investment". The fact that the supply can be increased on demand is a feature, not a bug.
- eeZah7Ux 6y agoThe economical and political power of the US is the reason for that. And the military might is what backs up the political power. The same pattern repeats itself in history: those with the biggest army popularize their culture, language and coin. The Roman Empire is a good example. See https://en.wikipedia.org/wiki/Hegemony https://en.wikipedia.org/wiki/Hegemony
- JumpCrisscross 6y agoSo how do we explain international use of the Euro and Swiss franc?