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Hi FreeYoda thanks for the answer. Last things first: I also think the system will be different and #bitcoin will change the incentives. Personally I do not see hyperbitcoinization happening but more likely bitcoin as a global SOV coexisting with a handful of the strongest fiat currencies in form of stablecoins. Then each stablecoin will be forced by Game Theory to compete with the others to attract liquidity flows which can be channeled into the country's debt. This is the thesis in my book. On the abuses by the US, you make a very compelling observation: if there was abuse why did not abused countries (which is the exact opposite point made by Trump accusing the rest of the world of abusing the US which is nonsense) took so long to react and start de-dollarizing?? I have also wondered about that and while researching this topic for the book I came to realize the following reasons: - the dollar is nothing less than the largest "network" on the planet. Like bitcoin or facebook or twitter and other networks it is governed by power law dynamics and Metcalfe's Law. This makes established networks very hard to displace. - the Petrodollar was the foundation of the dollar's network and was entrenched in the financial system with 3 other pillars which contribute to its strength: the Washington Consensus which was the intermediaries managing global dollar flows such as the IMF, World Bank and the international banking cartel, the Eurodollar system, again in the hands of the global banking cartel and outside of the control of the Fed, and lastly the MIC - to displace such an entrenched and complex system takes (i) a very long time and (ii) growing critical mass in the adversaries and their economical strength and (iii) strategic mistakes committed by the hegemon which compromise its position (call it the "abuses" the US did particularly in the last 30 and more years including the "forever wars" and the arbitrary sanctions and weaponizations of dollar denominated banking rails). And this brings us to the current moment in time where the "too long abused systems" starts showing visible cracks, the adversaries have grown stronger and willing to fight back and the escape from US Treasuries as the global reserve assets is clear and the consequence of that is the breaking of the Petrodollar recycling system. Now this is the current situation. We can only speculate about what will happen in the future. In my book I show some facts and evidence that there is awareness in a new American elite (some of the Trump entourage and Bessent) that in order for the US to keep some of the "exorbitant privileges" they have enjoyed so far they need to replace the Petrodollar recycling system with a new one based on a neutral assets (bitcoin instead of oil) which can be inflated while global dollar flows are channeled again into US debt via dollar stablecoins. This is the type of virtuous loop for the dollar and its debt they should try trying to establish. I am sorry I have been long in answering you but I get passionate about this stuff which is the topic of my book. Also thanks for your answer to my post. Best

Whay is your book? Is it published/available?

Hi Speedster yest it is available on Amazon both in ebook/Kindle and Paperback format at this link: https://www.amazon.com/dp/B0F24TPNGP

Just purchased, look forward to reading it.