Bitcoin is not Gold, and will never be a reserve currency

Do repost and rate:

   And that is a positive, not a negative thing. A definition of reserve currency:

foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of intergovernmental claims.

  The key words in almost all definitions of reserve currency are "governmental" and "monetary authority". This is not Bitcoin, nor any other crypto currency. Some are hoping current governments will adopt Bitcoin, and clean up their acts. That will never happen. You can forget it. They are dinosaurs that deserve an asteroid.

Now, if you mean a currency used around the world by honest people. Can Bitcoin/crypto become that? Yes. Honest people, however, are in short supply And I count what most would call criminals in that honest contingent. A person who sales drugs for Bitcoin is an honest person. They had an honest economic exchange. Someone got the drugs they wanted, someone got the money they wanted. None of my business. None of yours.

Once understood by the masses, Bitcoin will still not be adopted by the majority without a great stress and worry. Why? Because they prefer dishonest money, or at the very least, have no idea what Fiat even is. That has been a fact for a long time now. You might even be one of these people and not know it.

Do you like Social programs? Really? Well, you may not understand that these things are impossible to pay for without fraud and theft and debt.

Do you like a "strong" military? Really? Well you may not understand that having military bases around the world is impossible to pay for without fraud and theft and debt.

Government student loans? Debt, debt, and more debt. Simply can not be paid for without dishonest money.

Medicare? Central planned medicine? Debt. Simply can not be paid for without dishonest money. With honest money, the true costs of things become apparent, and things actually cost less, not more.

Once fully understood the blockchain will be feared by the communists, socialists, militarists etc.....Because honest money limits what governments can steal and throw away. Their idiotic programs immediately become untenable. They can no longer hide the waste. They can no longer put off into the future the debt.

Proof of this?

Take Gold which has been money for 6000 years. People, even if they don't understand why, view it as valuable. And even after all this history of honest money, people still allowed governments to slowly go away from gold, rack up debt, and print away their hard work. The United States went off the gold standard officially in 1971, because it had become corrupt and inefficient. Gold is now over 2000 dollars an ounce. The dislocations in the current markets and the money printing are finally starting to come to an end. Financial Chaos. You can only cheat reality for so long. Apparently about 50 - 60 years I guess. It's why people have a hard time understanding inflation as theft. Seems to be OK, until it's not.

Bitcoin is better than any reserve currency. It might even be better than gold(although gold is still really the defacto "reserve" currency of the world). Crypto is better because it can't be controlled, the rules can't be changed by corrupt banks and governments. An entire honest economy is there for those that want it RIGHT NOW. 

  The hopeful take away here, is that there is a chance for a return, or a first time occurrence of a voluntary society( or government if you will). People get the programs and services they actually want. That is the end result of people in complete control of their own money. Freedom.

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