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Replying to Avatar gladstein

I would strongly recommend this book

It hasn't gotten a lot of attention but is definitely worth it

The thesis is simple

Just as the dollar moved from being based on gold to being based on oil (the petrodollar), it is today in the process of moving to a new base of Bitcoin, with the help of stablecoins

But thankfully the book doesn't end there with that dark outcome

It heavily implies that through proper engineering and layering and technologies like ecash, we can defeat the fiat system

https://store.bitcoinmagazine.com/products/the-bitcoin-dollar-book

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frphank 1y ago

Because the dollar is based on Bitcoin that's why the exchange rate fluctuates so widely.

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