/biz/ - Business & Finance

>>21840837
The whitepaper wrongly concludes about the need foreign currencies as it would solve the risk of the dollar's insolvency. It won't because the market is already with massive budget deficits, which will cause higher inflation, and prices of asset, like oil and other commodities, are all precified in dollar, affecting all countries.

Conclusion Foreign collateral is very likely necessary for bootstrapping a new stable
cryptocurrency. If the economic growth is weak, it results in rising unemployment that eventually reaches double-digits, as it's the current case. Also, it must be considered that the price of gold and real estate are very volatile. The stability of a currency indeed sounds like a myth.