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20 sats \ 3 replies \ @Undisciplined OP 12 Aug 2024 \ parent \ on: Should the US Government Acquire a Bitcoin Reserve? • Listen on Fountain bitcoin
No, it would go to zero, because trust would be lost in the network.
Someone is always left holding the bag.
If the USA uses it as a reserve currency, wouldnt others, too?
Do you understand where this is going?
Trust isnt lost instantaneously.
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If others are holding it then they will also likely be mining it, if only to defend against a 51% attack.
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I guess it depends on how organized the governments are.
I guess its not a race for nuclearization, it would be a race for bitcoin mining.
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