5 ms·
What military will go to war to maintain stability of this non-existant mythical cryptocurrency that you just created? Reserve currencies are not just a curren
by thephyber 6y ago
What military will go to war to maintain stability of this non-existant mythical cryptocurrency that you just created?
Reserve currencies are not just a currency that has a large volume and plentiful liquidity (so the value doesn't swing significantly when demand changes). They are backed by trusted and stable institutions. In the USA, that includes the banking system, the legal system, the political system, and even the military.