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Aspiring to build a reserve currency? A reserve currency is something for banks to use. Bitcoin's excitement was as a p2p cash that needs no banks and no reserv
by toomim 5y ago
Aspiring to build a reserve currency? A reserve currency is something for banks to use. Bitcoin's excitement was as a p2p cash that needs no banks and no reserve.
A reserve is something held by a political state. Bitcoin is exciting becauee it exists beyond politics and nation-states.
If this is news for you, go read the original bitcoin paper. Its title is "Bitcoin: a peer-to-peer electronic cash."
- jude- 5y agoI wasn't aware Bitcoin-the-protocol could prevent banks, companies, and countries from buying and hodling Bitcoin. Maybe, Bitcoin is whatever its users say it is. Maybe you should reread the paper.