Why would anyone use a currency the issuer can seize or debase as collateral when others are using one that’s easily custodial and of a fixed supply?

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this is about sovereign "international trade settlement" "2 parties can decide" anything they like or value - can be SAND also -nothing to do bitcoin (unless that country produce nothing or small one) Oil <-> Goods both Riyal Yuan are soft pegged to dollar - only loser is dollar -doesnot mean any win for bitcoin instantly

Yeah I don’t think anyone said instantly