[fauigerzigerk]

>Bitcoin does not reduce the effectiveness of US monetary policy either.

IF Bitcoin were to replace the dollar (and that was the premise if you look further up in this thread) then by definition US monetary policy would cease to exist and therefore lose its effectiveness.

This has absolutely nothing to do with the price of Bitcoin. It's a structural feature of Bitcoin because governments do not have the power to increase the supply of Bitcoin.

A dollar linked stablecoin on the other hand does not have this structural feature (for the US). This is the difference I'm talking about.

For other countries the situation is quite different because dollarisation in any form (stablecoin or otherwise) means giving up their own monetary policy.

[ecocentrik]

Please keep mansplaining your ponzi scheme as if everyone on this planet hasn't already heard the same weak sales pitch.