That's absolutely not true. Getting off the gold standard removed the pretense that there was a limit to the amount of dollars that could be printed. The purchasing power of the dollar has continued to drop since then—https://howmuch.net/articles/rise-and-fall-dollar
There's also no guarantee the dollar will remain the reserve currency, as China, Russia and others are creating ways to get off the dollar standard [1].
[1] "The Fraying of the US Global Currency Reserve System"—https://www.lynalden.com/fraying-petrodollar-system/
I wasn't talking about price since inflation guarantees the price of the dollar will drop over time, so technically you're right. I was really talking about trust.
And much of that trust is that the dollar is that the price is the same from day to day for the most part. Sure there's inflation, but if I own $1M I don't expect it to be worth 10% of that tomorrow.
> There's also no guarantee the dollar will remain the reserve currency, as China, Russia and others...
So, would you really really trust Russia and China with their currency? Where the hell is Jack Ma? Huh?
I have a pretty good idea of the way the Fed works and I have no interest in holding bitcoin. The Fed seems to be doing a really good job targeting the inflation rate even in times of financial crisis in the past couple of decades.
Bitcoin prices are too unstable to be anything more than a crypto lottery.
> and the limited long-term viability of the dollar-centric monetary system, the more one sees it from this perspective.
If anything the dollar has become stronger since we got off the gold standard and has become the unofficial currency of the world. China may be eventually be the other -- that is, if you ignore things like the mysterious disappearance of Jack Ma.