It's unintuitive because other fiats more fictional than the dollar and the processes is therefore non-linear
The dollar is less of a fugazi than others because the world's debt is denominated in it, making it the world reserve while other fiats are basically vanity tokens
Now project out to a world where Bitcoin is the world reserve currency, what had to happen between the former and latter state?
Fiats would fall like dominoes, not all in one-shot, so it stands to reason there would always be a "last" fiat. Obviously the last fiat would be the strongest, thus dollarization is expediting us to that state.
It's unintuitive because other fiats more fictional than the dollar and the processes is therefore non-linear
The dollar is less of a fugazi than others because the world's debt is denominated in it, making it the world reserve while other fiats are basically vanity tokens
Now project out to a world where Bitcoin is the world reserve currency, what had to happen between the former and latter state?
Fiats would fall like dominoes, not all in one-shot, so it stands to reason there would always be a "last" fiat. Obviously the last fiat would be the strongest, thus dollarization is expediting us to that state.