5 ms·
Usually beneath the veneer of such questions it seems to be some sort of libertarian/crypto fan/anti fiat currency ideologue. Rarely based on sober analysis. I
by wbsss4412 5y ago
Usually beneath the veneer of such questions it seems to be some sort of libertarian/crypto fan/anti fiat currency ideologue. Rarely based on sober analysis.
I think it would represent a fairly strong change in global power structures, but like you I don’t think the sky would fall.
- BitwiseFool 5y agoI'm the GP and I responded to another comment that my views are influenced by the in-depth articles written by Lyn Alden: https://www.lynalden.com/fraying-petrodollar-system/ https://www.lynalden.com/fraying-petrodollar-system/ It's quite a long read, but I can tell you it doesn't come from a libertarian perspective. It does touch on Bitcoin, but near the end in one of a few theoretical "where things could go" perspective. >"I think it would represent a fairly strong change in global power structures, but like you I don’t think the sky would fall." Agreed, it would be shocking but life would go on. We would just have to live with a new international monetary paradigm.
- wbsss4412 5y agoI’ve read Alden’s analysis before. I can’t say that I have found any particular weaknesses with it. But as she says, such a change could take place in different ways, with different implications. If it were to happen suddenly it would be a shock, but that isn’t necessarily the case. Most signs point to a multipolar world order isn’t he future, and outside a complete internal political collapse, the US would in all likelihood be one of those poles.