1 sat \ 3 replies \ @premitive1 26 Sep 2022 \ on: Is Bitcoin Too Slow To Be The World's Reserve Currency? bitcoin
I say probably, but does the world need a reserve currency?
good question. im not entirely sure the world does, however, im also not qualified to have an opinion on the matter. the idea is rather fiat, isn't it?
i will say that on-chain bitcoin coupled with the lightning network appear to behave like an open, permissionless, global reserve asset (e.g. on-chain) and reserve currency (e.g. lightning sats).
adding in technologies like fedimint, while controversial, help further this thought experiment in my opinion.
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given the ways and means of governments, I can imagine countries using bitcoin as a reserve layer for a L2 national currency
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while im not personally interested in L2 national currencies, i suppose those would be better than the current shenanigans.
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