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If they can't influence the money supply, but can influence its price, what difference does it make?

If you consider BTC to be the stable currency then it is USD that is crashing.

If.

I see no reason to consider that, though. You'd have to say that, not only the US dollar, but every paper currency is crashing, along with gold. That seems quite a stretch.

That is exactly what the cryptocrazies are stipulating. It's cryptocurrency vs fiat. Seen from the fiat perspective, it's an obvious bubble. But if you're on the cryptocurrency side, it's barely the start of a massive and inevitable shift.

Fiat currencies, OK. I could maybe see that. But also gold? And petroleum? And real estate? And every other asset class on the planet?

No. Crypto's a bubble. This isn't fiat currencies sliding.

I think there are so many kids that did well in science and math and love science fiction and probably enjoy dabbling in some kind of tech libertarianism and have a certain naïveté about cryptocutrencies and what will happen in society. I mean this in a nice way but the view that the apparent obscene volatility of cryptocutrency is a sign of it's stability and the USD is crashing, is an intensely delusional view. That really cannot be understated.

In BTC terms the USD is doing pretty well this week.

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