Eurodollars supersede the tax argument in times of strain IMO
Not taking a position on something I don't know deeply, but in general it would be extremely important to have a transparent reserve currency for any currency that it's backing. So we should invent that.
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I doubt the current bitcoin ecosystem would survive that, it’s all built around tether. And the relative importance of tether for the bitcoin ecosystem keeps on increasing. So, you’d be betting on the NYAG not blowing iFenix/ Tether up, which isn’t a bet I’d make.
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I definitely would expect Bitcoin to survive even if Tether blew up totally.
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