3 ms·
I agree that USD forms a very powerful (and suffocating) global jurisdiction, but I wouldn't describe it as a weapon (Russia seems to be getting along just fine
by mindslight 3y ago
I agree that USD forms a very powerful (and suffocating) global jurisdiction, but I wouldn't describe it as a weapon (Russia seems to be getting along just fine). It's somewhere between soft and medium power, on countries that have committed to the USD empire.
> That's when possibly we will see a mass adoption of cryptocurrencies where powerful countries will search to dominate mining, innovation, etc.
This is cryptocurrency maximalism. I used to believe in this before Bitcoin was even a thing. Now almost twenty years later, seeing it mostly play out as a vehicle for speculation (most of the popular coins are still non-fungible!), I'm not so sure.
> As long as we have a single country policing the world, adoption will be incredibly slow and mass adoption will not happen unless we have some visionary politicians ...
Visionary of what? It was plausible to handwave this multipolar desire back when other countries weren't starting major wars (so countries could exist independently) and the whole world seemed to be democratizing. Now with openly aggressive Russia plus a looming seemingly-competent China, the demand for US military support, and by extension USD, has drastically increased.
> Republicans seem to have a more open minded approach
Don't confuse entertaining foreign interests as "open mindedness". Republicans are further from the incumbent US power structure, and are thus more willing to sell out to foreign power structures.