Hacker News new | ask | show | jobs
by pama 1709 days ago
This suggestion runs counter to the US system of finance. The secret service was created to protect the value of the dollar against attempts like those made by tether. Why would the government today want to do a 180 and give up the power of the dollar? If there was another major collapse by messing with the crypto too abruptly, it would probably help establish the dollar for a while longer. I don’t think that such an event would be a bad thing for the global economy either.