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Bitcoin - the global reserve currency?

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conor
Posts: 37

Bitcoin - the global reserve currency?

Post by conor » Fri Nov 15, 2019 2:33 pm

It looks that Bitcoin is the only independent alternative for a reserve currency. What do you think?

patrick
Posts: 17

Post by patrick » Fri Nov 15, 2019 2:39 pm

Take a look at this:


Karebantee
Posts: 1

Post by Karebantee » Sat Feb 22, 2020 12:51 am

Two things Ive been thinking about is the potential for clean energy and crypto currencies to see mass adoption in the coming years especially since the power structures are expected to change.

Bitcoin or other crypto currencies: while it may seem a little out there I think there is potential for them to at least play a bigger role. When the nation is stretched thin any savings contributes to more resources to the front. The credit card transaction companies visa, etc. day by day are on their way out but still have a strong power base that keeps them in power and the U.S. Behind in financial transaction tech. I could see the war be the big push needed to topple this ossified power institution. Also important to note the last reserve currency change and international finances system change was during WWII Bretton-Woods.

Clean energy: Energy is another section of the economy where it seems the established powers are gripping on for what they know are limited days. Energy is such a crucial part of any economy but especially vital during war time. Clean energy tech is closely approaching the economic threshold were it will be cheaper and easier to produce than traditional methods. Not to mention some of our current sources of oil and the like will likely be opposed to us. I think the only major stepping stone in this picture would be the typical capacity/storage problem but perhaps rewnewed sense of community via distributed power grids may end up being the solution in contrast to banking on some major tech breakthroughs. On a related note central power utilities show signs of being another power structure that we could potentially do away with in a short order.

Thoughts???

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brian
Posts: 47

Post by brian » Tue Feb 25, 2020 10:46 am

Karebantee wrote:
Sat Feb 22, 2020 12:51 am
Two things Ive been thinking about is the potential for clean energy and crypto currencies to see mass adoption in the coming years especially since the power structures are expected to change.

Bitcoin or other crypto currencies: while it may seem a little out there I think there is potential for them to at least play a bigger role. When the nation is stretched thin any savings contributes to more resources to the front. The credit card transaction companies visa, etc. day by day are on their way out but still have a strong power base that keeps them in power and the U.S. Behind in financial transaction tech. I could see the war be the big push needed to topple this ossified power institution. Also important to note the last reserve currency change and international finances system change was during WWII Bretton-Woods.

Clean energy: Energy is another section of the economy where it seems the established powers are gripping on for what they know are limited days. Energy is such a crucial part of any economy but especially vital during war time. Clean energy tech is closely approaching the economic threshold were it will be cheaper and easier to produce than traditional methods. Not to mention some of our current sources of oil and the like will likely be opposed to us. I think the only major stepping stone in this picture would be the typical capacity/storage problem but perhaps rewnewed sense of community via distributed power grids may end up being the solution in contrast to banking on some major tech breakthroughs. On a related note central power utilities show signs of being another power structure that we could potentially do away with in a short order.

Thoughts???
Interesting point of view, and something relevant to crypto and Bitcoin!

It's possible to see currencies backed by power (internet and electricity) because that's the driving force of the Digital Age, and it's easy to track the efficiency.

The current fractional system is leading to a little mess.

All these currencies should be backed by something valuable. It's not necessary to see the changes in the next 1-5 years. I think it's a long-term process that requires many changes.
₿rian | HODL 3.0

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conor
Posts: 37

Post by conor » Tue Feb 25, 2020 3:28 pm

Karebantee wrote:
Sat Feb 22, 2020 12:51 am
Two things Ive been thinking about is the potential for clean energy and crypto currencies to see mass adoption in the coming years especially since the power structures are expected to change.

Bitcoin or other crypto currencies: while it may seem a little out there I think there is potential for them to at least play a bigger role. When the nation is stretched thin any savings contributes to more resources to the front. The credit card transaction companies visa, etc. day by day are on their way out but still have a strong power base that keeps them in power and the U.S. Behind in financial transaction tech. I could see the war be the big push needed to topple this ossified power institution. Also important to note the last reserve currency change and international finances system change was during WWII Bretton-Woods.

Clean energy: Energy is another section of the economy where it seems the established powers are gripping on for what they know are limited days. Energy is such a crucial part of any economy but especially vital during war time. Clean energy tech is closely approaching the economic threshold were it will be cheaper and easier to produce than traditional methods. Not to mention some of our current sources of oil and the like will likely be opposed to us. I think the only major stepping stone in this picture would be the typical capacity/storage problem but perhaps rewnewed sense of community via distributed power grids may end up being the solution in contrast to banking on some major tech breakthroughs. On a related note central power utilities show signs of being another power structure that we could potentially do away with in a short order.

Thoughts???
I'm not sure. It always depends on the people in charge. Also, who will benefit from that? It's all about the money. The CBDCs are some sort of tracking tool, and they have unlimited supply if no consensus mechanism requires the participation of people. It can be something brilliant, or similar piece of ****.

About the energy, everything depends on the Internet and Electricity. Bitcoin is a product of the Internet, Electricity, and Math.

Karebantee has a very interesting point of view!!

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