When the dollar’s primacy dwindles the US hegemony ends

From the article, (and I believe we are already there):

“A major blunder would be pushing too hard with financial punishments, and incentivizing Moscow and Beijing to bypass the U.S. trade and monetary order.

When the dollar’s primacy materially dwindles, that will be game over in the balance of power with the East.”

Source: https://www.axios.com/russia-china-security-threat-69567dd1-b618-4ef4-8852-4f09bb432327.html

If people don’t realize cryptocurrency “payment channels” (basically like a purchase order between merchants – settled up later but pre-approved) is a threat to the petrodollar, they are mistaken. The USD is nothing more than what we would call “proof of stake” in the crypto world. The Fed is the issuer, the stake.

Energy traded based on a proof of stake crypto currency pinned to the future value of a fiat currency in, say 30 days, via a smart contract could replace the influence of the US at a global level – I believe you are mistaken.