Well this is pretty big news! Central Banks looking for a new reserve currency? by jrcornel

View this thread on steempeak.com
bitcoin · @jrcornel ·
$11.36
Well this is pretty big news! Central Banks looking for a new reserve currency?
# Plan Bitcoin could be happening even sooner than I ever expected.

Many of the who's who of Central Banks are meeting right now in Jackson Hole Wyoming...

During the meeting, this just came out:

https://i.postimg.cc/brS8d1xW/ECr-Zkh-DWk-Acie-Qj.jpg

(Source: https://twitter.com/APompliano/status/1164982681068814336)

# It appears central banks could soon be looking for a new global reserve currency...

Bitcoin anyone?

Japan recently came out saying how they love bitcoin.

The fact that no one knows who created bitcoin makes it a prime candidate for everyone to agree on.
 
No one wants to use a currency that another country created and has some advantage with.

But bitcoin...

Bitcoin wasn't created by a sovereign nation and it's not controlled by one.

It could easily step in as a global reserve currency.

And it could be happening much faster than I ever imagined.

Stay informed my friends.

-Doc
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 258 others
properties (23)
post_id79,371,331
authorjrcornel
permlinkwell-this-is-pretty-big-news-central-banks-looking-for-a-new-reserve-currency
categorybitcoin
json_metadata{"community":"busy","app":"busy\/2.5.6","format":"markdown","tags":["bitcoin","busy","palnet","steemleo","neoxian"],"users":[],"links":["https:\/\/twitter.com\/APompliano\/status\/1164982681068814336"],"image":["https:\/\/i.postimg.cc\/brS8d1xW\/ECr-Zkh-DWk-Acie-Qj.jpg"]}
created2019-08-23 19:45:00
last_update2019-08-23 19:45:00
depth0
children43
net_rshares37,356,198,018,972
last_payout2019-08-30 19:45:00
cashout_time1969-12-31 23:59:59
total_payout_value6.613 SBD
curator_payout_value4.746 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length915
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (322)
@aro.steem · 
I agree
properties (22)
post_id79,371,501
authoraro.steem
permlinkre-jrcornel-well-this-is-pretty-big-news-central-banks-looking-for-a-new-reserve-currency-20190823t195047914z
categorybitcoin
json_metadata{"community":"busy","app":"busy\/2.5.6","format":"markdown","tags":["bitcoin"],"users":[],"links":[]}
created2019-08-23 19:50:48
last_update2019-08-23 19:50:48
depth1
children3
net_rshares0
last_payout2019-08-30 19:50:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length8
author_reputation13,593,563,908,785
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel · 
With which part?
πŸ‘  , , , , ,
properties (23)
post_id79,371,814
authorjrcornel
permlinkpwph4o
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 20:05:12
last_update2019-08-23 20:05:12
depth2
children2
net_rshares26,499,807,500
last_payout2019-08-30 20:05:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length16
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (6)
@aro.steem · 
Whith this

No one wants to use a currency that another country created and has some advantage with..
properties (22)
post_id79,382,241
authoraro.steem
permlinkre-jrcornel-pwph4o-20190824t052117051z
categorybitcoin
json_metadata{"community":"busy","app":"busy\/2.5.6","format":"markdown","tags":["bitcoin"],"users":[],"links":[]}
created2019-08-24 05:21:18
last_update2019-08-24 05:21:18
depth3
children1
net_rshares0
last_payout2019-08-31 05:21:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length103
author_reputation13,593,563,908,785
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@ankarlie · 
It is about time they come to their senses. Fractional reserve banking systemm and quantitative easing are just fancy words to legalize ponzi scheme and printing of money backed by nothing.
properties (22)
post_id79,371,925
authorankarlie
permlinkre-jrcornel-2019824t41053564z
categorybitcoin
json_metadata{"tags":["bitcoin","busy","palnet","steemleo","neoxian"],"app":"esteem\/2.2.0-surfer","format":"markdown+html","community":"esteem.app"}
created2019-08-23 20:10:57
last_update2019-08-23 20:10:57
depth1
children1
net_rshares0
last_payout2019-08-30 20:10:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length189
author_reputation21,821,715,475,664
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries
0.
accountesteemapp
weight1,000
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel · 
Pretty much.
πŸ‘  , , , , ,
properties (23)
post_id79,371,987
authorjrcornel
permlinkpwphj0
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 20:13:48
last_update2019-08-23 20:13:48
depth2
children0
net_rshares20,842,022,965
last_payout2019-08-30 20:13:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length12
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (6)
@stackin · 
Fed coin around the corner and all major banks will have their own crypto... to bad I’m going to be using bitcoin instead πŸ˜‚

Posted using [Partiko iOS](https://partiko.app/referral/stackin)
properties (22)
post_id79,372,116
authorstackin
permlinkstackin-re-jrcornel-well-this-is-pretty-big-news-central-banks-looking-for-a-new-reserve-currency-20190823t201842755z
categorybitcoin
json_metadata{"app":"partiko","client":"ios"}
created2019-08-23 20:18:42
last_update2019-08-23 20:18:42
depth1
children4
net_rshares0
last_payout2019-08-30 20:18:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length189
author_reputation825,404,185,268,020
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel · 
Other countries won't want to use one another's central bank coin though... bitcoin will likely slowly win out. Fed coin is just the dollar in digital form most likely.
πŸ‘  , , , , , ,
properties (23)
post_id79,372,262
authorjrcornel
permlinkpwphzb
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 20:23:33
last_update2019-08-23 20:23:33
depth2
children3
net_rshares66,873,669,652
last_payout2019-08-30 20:23:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length168
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (7)
@stackin · 
That’s the truth 😎

Posted using [Partiko iOS](https://partiko.app/referral/stackin)
properties (22)
post_id79,372,545
authorstackin
permlinkstackin-re-jrcornel-pwphzb-20190823t203239024z
categorybitcoin
json_metadata{"app":"partiko","client":"ios"}
created2019-08-23 20:32:42
last_update2019-08-23 20:32:42
depth3
children2
net_rshares0
last_payout2019-08-30 20:32:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length84
author_reputation825,404,185,268,020
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@chesatochi · 
It is interesting to see of what might happen in the near future.

Posted using [Partiko Android](https://partiko.app/referral/chesatochi)
properties (22)
post_id79,373,113
authorchesatochi
permlinkchesatochi-re-jrcornel-well-this-is-pretty-big-news-central-banks-looking-for-a-new-reserve-currency-20190823t205251910z
categorybitcoin
json_metadata{"app":"partiko","client":"android"}
created2019-08-23 20:52:54
last_update2019-08-23 20:52:54
depth1
children1
net_rshares0
last_payout2019-08-30 20:52:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length138
author_reputation179,198,072,237,533
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel · 
I don't think it will happen right away, but I think they will be much more agreeable to using something that none of the others controls.
πŸ‘  , , , , ,
properties (23)
post_id79,373,425
authorjrcornel
permlinkpwpjx3
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 21:05:27
last_update2019-08-23 21:05:27
depth2
children0
net_rshares18,934,846,326
last_payout2019-08-30 21:05:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length138
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (6)
@jamesbrown · 
Interestingly, a DPOS blockchain structure would likely be considered the fairest for this new reserve currency, something along the lines of one "witness node" per country or "percentage ownership" based on estimated GDP or some other metric(s).  That's if they want to maintain some semblance of control over the monetary supply, otherwise bitcoin would be an obvious candidate (for the reasons that you briefly mentioned).
properties (22)
post_id79,374,452
authorjamesbrown
permlinkpwpm8q
categorybitcoin
json_metadata{"tags":["bitcoin","steemleo"],"app":"steemleo\/0.1"}
created2019-08-23 21:56:15
last_update2019-08-23 21:56:15
depth1
children1
net_rshares0
last_payout2019-08-30 21:56:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length425
author_reputation15,291,301,254,496
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel · 
Yep, that would make a lot of sense actually. Good thoughts!
πŸ‘  , , , , ,
properties (23)
post_id79,374,763
authorjrcornel
permlinkpwpmw0
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 22:09:36
last_update2019-08-23 22:09:36
depth2
children0
net_rshares18,795,535,681
last_payout2019-08-30 22:09:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length60
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (6)
@aggroed · 
rumor mill has them switching to doge...
properties (22)
post_id79,375,546
authoraggroed
permlinkpwpota
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 22:51:09
last_update2019-08-23 22:51:09
depth1
children1
net_rshares0
last_payout2019-08-30 22:51:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length40
author_reputation823,295,147,248,484
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel · 
Ha, it finally has a use case!
πŸ‘  , , , , , ,
properties (23)
post_id79,375,833
authorjrcornel
permlinkpwppg8
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 23:04:54
last_update2019-08-23 23:04:54
depth2
children0
net_rshares22,309,074,833
last_payout2019-08-30 23:04:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length30
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (7)
@doitvoluntarily · 
how long till IMF coinπŸ˜†
properties (22)
post_id79,375,788
authordoitvoluntarily
permlinkpwppct
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 23:02:51
last_update2019-08-23 23:02:51
depth1
children3
net_rshares0
last_payout2019-08-30 23:02:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length23
author_reputation728,152,294,256,151
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel · (edited)
Could be, but can they all agree on that??? I am sure that is the route they will try to go. Would be great to see bitcoin adoption reach a point that it forces itself to be a global reserve currency.
πŸ‘  , , , , , , ,
properties (23)
post_id79,375,841
authorjrcornel
permlinkpwpph8
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 23:05:30
last_update2019-08-23 23:07:39
depth2
children2
net_rshares24,721,426,950
last_payout2019-08-30 23:05:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length200
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (8)
@doitvoluntarily · 
figure they'd prob pref to create their own😈
properties (22)
post_id79,376,450
authordoitvoluntarily
permlinkpwpqv6
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 23:35:30
last_update2019-08-23 23:35:30
depth3
children1
net_rshares0
last_payout2019-08-30 23:35:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length44
author_reputation728,152,294,256,151
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@preparedwombat · 
Given that they’re banksters, SDR’s would seem to be more their style rather than Bitcoin.

In the long run though, all fiat is doomed.
properties (22)
post_id79,376,192
authorpreparedwombat
permlinkpwpqbu
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 23:23:54
last_update2019-08-23 23:23:54
depth1
children1
net_rshares0
last_payout2019-08-30 23:23:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length135
author_reputation105,789,957,935,122
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel · 
Yep, an SDR is already pretty similar to what Libra hoped to be, it's just in digital form. They did mention Libra later on in the meeting as an example of the type of global reserve currency they should move towards.
πŸ‘  , , , , ,
properties (23)
post_id79,376,337
authorjrcornel
permlinkpwpqny
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 23:31:09
last_update2019-08-23 23:31:09
depth2
children0
net_rshares24,056,351,460
last_payout2019-08-30 23:31:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length217
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (6)
@newageinv · 
There will be no stopping it eventually as the debt bubble is not sustainable!

Posted using [Partiko iOS](https://partiko.app/referral/newageinv)
properties (22)
post_id79,376,749
authornewageinv
permlinknewageinv-re-jrcornel-well-this-is-pretty-big-news-central-banks-looking-for-a-new-reserve-currency-20190823t235540100z
categorybitcoin
json_metadata{"app":"partiko","client":"ios"}
created2019-08-23 23:55:42
last_update2019-08-23 23:55:42
depth1
children1
net_rshares0
last_payout2019-08-30 23:55:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length146
author_reputation109,928,704,812,170
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel · 
$17 trillion in negative yielding bonds.... sheesh.
πŸ‘  , , , , ,
properties (23)
post_id79,378,167
authorjrcornel
permlinkpwpvmy
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-24 01:18:36
last_update2019-08-24 01:18:36
depth2
children0
net_rshares23,955,848,900
last_payout2019-08-31 01:18:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length51
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (6)
@practicalthought ·
$0.04
Guarantee it won't be Bitcoin. They will create their own currency/coin. Maybe call it Bankcoin, lol. They will never give control over their debt instruments to others, that defeats the purpose of their mission at extracting the masses sweat for their luxurious lifestyles.
πŸ‘  
properties (23)
post_id79,376,789
authorpracticalthought
permlinkpwprvz
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-23 23:57:33
last_update2019-08-23 23:57:33
depth1
children1
net_rshares198,370,718,721
last_payout2019-08-30 23:57:33
cashout_time1969-12-31 23:59:59
total_payout_value0.019 SBD
curator_payout_value0.019 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length274
author_reputation33,113,112,148,259
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@jrcornel · 
It won't be their first choice, but remember every other country would also need to go along with it, and if one country appears to have some advantage the others will not go along with it. Japan already stated they love bitcoin. The fact that it wasn't created by any sovereign entity is a huge plus for it in that regard...
πŸ‘  , , , , ,
properties (23)
post_id79,378,183
authorjrcornel
permlinkpwpvp7
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-24 01:19:57
last_update2019-08-24 01:19:57
depth2
children0
net_rshares24,175,171,638
last_payout2019-08-31 01:19:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length325
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (6)
@diogosantos · 
ItΒ΄s incredible how the stars are aligning. One of the most relevant moments to BTC is about to happen (May 2020) and so many news point for a skyrocket in price.
Now we see another incredible factor that could and will (because of speculation) boost BTC price. As you said, it looks like it is the perfect candidate at the moment.
properties (22)
post_id79,388,429
authordiogosantos
permlinkpwqltd
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-24 10:44:12
last_update2019-08-24 10:44:12
depth1
children1
net_rshares0
last_payout2019-08-31 10:44:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length331
author_reputation14,017,374,183,467
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel · 
Plus we have Bakkt launching in roughly a month...
πŸ‘  , , , ,
properties (23)
post_id79,393,198
authorjrcornel
permlinkpwqvvl
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-24 14:21:21
last_update2019-08-24 14:21:21
depth2
children0
net_rshares17,633,590,143
last_payout2019-08-31 14:21:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length50
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (5)
@mtl1979 · 
Obviously they need to create a new currency as Japanese Yen is currently the only big currency that is worth anything. Both Euro and US dollar are worth nothing as the European central bank has pulled the rates negative and USA has more loan than it can ever pay back. England trying to leave Euro makes GBP high risk. This leaves CNY as last, but USA will want to have as little as possible to do with China as China already controls about fifth of US funding.

Some countries might want to use cryptocurrencies for reserve, but others still think the risk and uncertainty of the markets outweight the indepencence from national administration.
properties (22)
post_id79,397,710
authormtl1979
permlinkpwr4k0
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-24 17:28:54
last_update2019-08-24 17:28:54
depth1
children13
net_rshares0
last_payout2019-08-31 17:28:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length646
author_reputation702,532,898,973
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@jrcornel · 
I think eventually they will all come together and create a global POS crypto where each country runs an official node. Perhaps population or GDP can dictate who runs more etc...

But the current system where we are seeing a race to the bottom in fiat currencies and the US enjoying an unfair advantage in terms of reserve currency status likely won't last much longer.
πŸ‘  , , , , , ,
properties (23)
post_id79,401,213
authorjrcornel
permlinkpwraif
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-24 19:37:30
last_update2019-08-24 19:37:30
depth2
children12
net_rshares19,925,444,342
last_payout2019-08-31 19:37:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length369
author_reputation3,801,893,963,205,612
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (7)
@mtl1979 · 
POS is unlikely as smaller countries would have disadvantage similar to current Eurozone. The proof system would have to be something completely new or otherwise it would not be better than USD.

In my opinion it would need to be more lightweight than most current crypto currencies but would need to be a lot more secure, otherwise the value could be manipulated by minority of the authorized nodes or even by malicious third-party.

Real value of the reserve currency would have to be based on the cumulative amount of valuables the crypto is backed with. As national currencies are essentially worthless against the reserve, the valuables would need to be something physically tradable like metals or oil.
properties (22)
post_id79,403,101
authormtl1979
permlinkpwrdkv
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit\/0.1"}
created2019-08-24 20:43:45
last_update2019-08-24 20:43:45
depth3
children11
net_rshares0
last_payout2019-08-31 20:43:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length708
author_reputation702,532,898,973
root_title"Well this is pretty big news! Central Banks looking for a new reserve currency?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
Help/Feedback