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The problem is that someone has to run the derivatives market which is where the dollar actually gets its value from. This occasionally requires physical violen
by msgodel 1y ago
The problem is that someone has to run the derivatives market which is where the dollar actually gets its value from. This occasionally requires physical violence so it's not something you can just put on the blockchain. I'd argue crypto actually augments the dollar as the world reserve currency and they're not alternatives to each other.
- twodave 1y agoIs there a place I can read about this? Sounds interesting. Edit: some cursory Googling turned up this: https://business.columbia.edu/research-brief/dollars-dominance-military-financial-power https://business.columbia.edu/research-brief/dollars-dominan...