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The assumptions here are: 1. USD fails 2. All the other currencies are "dying" 3. (let's say) Monero exists and is not dying So yes in the scenario you've c
by smcl 3y ago
The assumptions here are:
1. USD fails
2. All the other currencies are "dying"
3. (let's say) Monero exists and is not dying
So yes in the scenario you've constructed where everything but a cryptocurrency dies or is dying, crypto is more successful.
- mattdesl 3y agoYou misread - the scenario is that USD is dying, but other state currencies like Euro or JPY stay afloat.
- smcl 3y agoOk then in that case everyone flocks to the other reserve currencies for all normal goods and services and crypto remains the primary means of exchange on the Ape JPEG market