What if the US government made paper notes backed by its #Bitcoin reserves? That would be amazing!
Discussion
Counterfeiters are gonna enjoy those free American bitcoin
They’ll make the paper notes hard to forge with lots legal measures against counterfeiters.
Only the Treasury Department will be allowed to print these notes, which will guarantee they are always backed by the government’s promise to redeem each note for a fixed amount of #Bitcoin at any time (except maybe temporarily during wars or economic depressions).
Maybe we should add an enforcing entity to make sure we can catch those counterfeiters and occasionally confiscate their assets.