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mvdtnzlast Friday at 8:31 PM1 replyview on HN

> At some point there will be a war or significant political disruption. A large part of the world will want to divest itself of dollars, and none of the state-backed alternatives will be stable enough for their needs. That's when we'll see a shift to crypto - first some international institutions that do business across ideological borders, then the rest of the internationals, then individuals.

Sorry how would crypto end up more stable than any candidates for a reserve currency? The only thing even remotely stable in the crypto world are stablecoins which... are pegged to the dollar (the actual reserve currency) which is already unstable in your scenario.


Replies

Ancapistanilast Friday at 11:31 PM

Price stability is a function of liquidity and velocity. Both would increase, thereby increasing stability.