Subnostr

War for World Reserve Currency

Today with Putin's announcement to accept the Yuan as a currency for international exchanges with other nations a new era begins, the three contenders for World Reserve Currency are:

- Digital Yuan backed by commodities and gold, counterfeitable.

- Digital Dollar backed by the most powerful army in the world, counterfeitable.

- Bitcoin backed by energy and mathematics, uncounterfeitable.

I sincerely believe that it is very likely that we will live the World War III, unless we obviate the dollar and the Yuan and we all accept a neutral currency like Bitcoin.

Remember this phrase, because your politicians will be complicit in World War III.

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Discussion

Bert 2y ago

Being in Europe I would say we prefer to stay neutral. Especially in Switzerland and the Netherlands who through history always tried to remain neutral. Netherlands managed neutrality in ww1 but was invaded in ww2 despite the neutrality efforts.

The best way for these two countries to show neutrality again is to speed up bitcoin adoption. Switzerland is currently far ahead in this race.

Maxim 2y ago

Agree. As sad as it sounds, the only halfway realistic way to stop the war craziness is to push the state-of-the-art financial and monetary system towards collapse. Bank failures are the lesser of two evils.

Habanero 2y ago

After we see the dollar fall on the world stage, we will see a period of turmoil and a reversion to a simpler way.

I think we will revert to the oldest form of value transfer... handjobs.

If that fails to scale into the modern economy I guess we could use bitcoin

db 2y ago

This is the funniest shit I’ve read today. Nice take!