kane on Nostr: No. They are a “reserve asset” for central banks. So, technically yeah, they can ...
No. They are a “reserve asset” for central banks. So, technically yeah, they can make more loans off them.
It was intended as a digital currency for central bankers but the tech wasn’t there. The intent was to solve the currency issues of the 1970s which we still face today.
BITCOIN IS GLOBAL MONEY FOR AN INTERCONNECTED WORLD
https://bitcoinmagazine.com/business/bitcoin-global-money-for-worldUSD is not a real thing, but a basket of 6 global currencies. Basically the G7, old G5.
SDRs brought China to the table and is a basket of 4 major currencies and USD (a basket of 6). Effectively, another monopoly dollar/liquidity mechanism.
The IMF uses it at the CB level to create loans on a country to country basis.
Published at
2023-09-22 13:45:33Event JSON
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"content": "No. They are a “reserve asset” for central banks. So, technically yeah, they can make more loans off them.\n\nIt was intended as a digital currency for central bankers but the tech wasn’t there. The intent was to solve the currency issues of the 1970s which we still face today.\n\nBITCOIN IS GLOBAL MONEY FOR AN INTERCONNECTED WORLD\n\nhttps://bitcoinmagazine.com/business/bitcoin-global-money-for-world\n\nUSD is not a real thing, but a basket of 6 global currencies. Basically the G7, old G5.\n\nSDRs brought China to the table and is a basket of 4 major currencies and USD (a basket of 6). Effectively, another monopoly dollar/liquidity mechanism.\n\nThe IMF uses it at the CB level to create loans on a country to country basis. https://image.nostr.build/12065e6bd41f217bba3d40897f8584afe62b5424b5884e101318d953888d33b6.jpg https://image.nostr.build/6d8ec7a066b9b95b0bad29acf92ae41020c6f346f07b5f69e9d739fe08e7dd10.jpg ",
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