[HN Gopher] The Costs of the Petrodollar
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       The Costs of the Petrodollar
        
       Author : janandonly
       Score  : 10 points
       Date   : 2024-05-19 19:00 UTC (4 hours ago)
        
 (HTM) web link (bitcoinmagazine.com)
 (TXT) w3m dump (bitcoinmagazine.com)
        
       | scrubs wrote:
       | "It is a decentralized asset competing to be the new global
       | reserve currency, aiming to inherit the role gold once had and
       | the role the dollar holds today."
       | 
       | If the ability to convert cash/dollars to bitcoin and vice-versa
       | was now removed, interest in crypto would substantially die in
       | the next four hours. Crypto is a parasite. This is another
       | article looking for an attack vector to the host body.
       | 
       | The petro dollar story began and existed for decades neither
       | reflecting Crypto nor is it a reaction (good or bad) to Crypto
       | since it didn't exist.
       | 
       | Hell, by this article's logic we could talk about re-denominating
       | energy expenditures by housing assets, diamond, or high end
       | sports cars. It pointless conjecture.
        
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       (page generated 2024-05-19 23:01 UTC)