[IiydAbITMvJkqKf]

Bitcoin does not solve this problem at all, since 71% of the global hashrate is concentrated in China [1]. Instead of a currently controlled by central bankers, you get a currency which can be controlled at any moment by a totalitarian government which currently attempts to expand its territory using military means.

Ironically this is also why gold-backed currencies are not an acceptable replacement for dollars either - just substitute China with Australia (which is of course politically a far more benign country than China, but you're still outsourcing control of your currency).

The problem of currency stability is real, but crypto is not a solution at all.

[1] https://cbeci.org/mining_map/