alt Hacker NewsThat is an excellent point! My intuition is that the yuan could be viewed as more reliable than the dollar, when the dollar is propped up precisely on the good will that gets destroyed by threatening invasion of allies. China does threaten plenty of invasions, but not in Europe or most of the rest of the world yet.
Reliable how? How would you obtain the currency, and what would you do with it?
> when the dollar is propped up precisely on the good will
The dollar isn't valuable because of good will. Central banks in Europe, or Japan, or elsewhere don't hold dollars because they want to be nice to the United States. They hold them because the United States is incredibly wealthy, has incredibly deep capital markets, high liquidity, and because the dollar is a great medium of exchange.