The real solution would have been to push for a complete overhaul of the international economic system, decouple all countries from relying on a single reserve currency, and encourage each country to issue their own, resource backed, currencies.
Yes I agree with this.
And, if we are to believe that there is a crypto currency that can act as world reserve currency, without allowing any central entity to issue the cryptos, then we are essentially saying that Triffin was wrong.
I also think this is true, there was no crypto in Triffin's time. There is no single country that crypto is issued to. Triffin's Dilemna doesn't work with Crypto.
If we were to believe this claim, and agree that Triffin Dilemna is true, then for any distributed crypto currency to become a world reserve currency, it is neccesary to be able to issue unlimited amount of cryptos and make the liquidity available for the countries as they need to expand.
Not true. You can still have a crypto that is used by the majority of the world and is used as an exchange between currencies. It would also be kept in reserve by governments.
You can have all countries using resource based currencies but there won't be a central banking solution. Crypto will be much more voluntary since you can take the open source code and add to it and/or create a new crypto with the same layout. If something goes wrong with the crypto, it's much easier to remedy.
The real solution would have been to push for a complete overhaul of the international economic system, decouple all countries from relying on a single reserve currency, and encourage each country to issue their own, resource backed, currencies.
Yes I agree with this.
And, if we are to believe that there is a crypto currency that can act as world reserve currency, without allowing any central entity to issue the cryptos, then we are essentially saying that Triffin was wrong.
I also think this is true, there was no crypto in Triffin's time. There is no single country that crypto is issued to. Triffin's Dilemna doesn't work with Crypto.
If we were to believe this claim, and agree that Triffin Dilemna is true, then for any distributed crypto currency to become a world reserve currency, it is neccesary to be able to issue unlimited amount of cryptos and make the liquidity available for the countries as they need to expand.
Not true. You can still have a crypto that is used by the majority of the world and is used as an exchange between currencies. It would also be kept in reserve by governments.
You can have all countries using resource based currencies but there won't be a central banking solution. It'll be much more voluntary since you can take the open source code and add to it and/or create a new crypto with the same layout.
The real solution would have been to push for a complete overhaul of the international economic system, decouple all countries from relying on a single reserve currency, and encourage each country to issue their own, resource backed, currencies.
Yes I agree with this.
And, if we are to believe that there is a crypto currency that can act as world reserve currency, without allowing any central entity to issue the cryptos, then we are essentially saying that Triffin was wrong.
I also think this is true, there was no crypto in Triffin's time. There is no single country that crypto is issued to. Triffin's Dilemna doesn't work with Crypto.
If we were to believe this claim, and agree that Triffin Dilemna is true, then for any distributed crypto currency to become a world reserve currency, it is neccesary to be able to issue unlimited amount of cryptos and make the liquidity available for the countries as they need to expand.
Not true. You can still have a crypto that is used by the majority of the world and is used as an exchange between currencies. It would also be kept in reserve by governments.
You can have all countries using resource based currencies but there won't be a central banking solution. It'll be much more voluntary since you can take the open source code and add to it or create a new crypto with the same layout.