To establish a global currency, you must first have a strong military to ensure you are not defeated. Because the currency of a defeated country is worthless, and a country that could potentially be defeated cannot bear the burden of being a world currency. You can think of "armed attacks" as a real-world equivalent of "leveraged attacks."

Based on this, what other characteristics does a world currency need?

One aspect is that you need a relatively good asset market, as everyone holding your currency wants it to appreciate.

Next, your currency must maintain its value, meaning you need credibility. This credibility is not just empty talk; the market will observe and calculate. I believe that with blockchain technology, this aspect is not that difficult. You just need to reference Bitcoin and write the inflation coefficient into the code in an immutable way.

These are the main points.

The first is the most important threshold. Several currencies have attempted to challenge the US dollar, but many have been subdued by American military power. For example, everyone knows that Saddam was killed for wanting to use the euro, and Japan was overthrown by a special operation for wanting to independently establish the Asian Infrastructure Investment Bank.

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