The #petrodollar system feels like it’s one of the last pillars that will be taken out as #debasement continues. The real crime here is that a country can essentially print oil whilst doing no work. Imo the oil producing nations needs to realize that a scarce commodity should be traded for another scarce commodity. A #petrobitcoin system would potentially stabilize #volitility as well.

The failure of the petrodollar system will bring about competitors such as a PetroYuan, petroRuble, or peteoRiyal. I don’t see any way that the US will accept any of these alternatives. In which case, #barter would be another option but with barter being a pain to deal with the answer seems to be a secure, decentralized, non-debaseable, global, instantaneous money. #changemymind