Re: One-world reserve currency inevitable and will enslave all nations?
Thats what the guy on xapo said on the ted talk, BTC may challenge gold as a store of wealth, that is way more realistic than challenging fiat national currencies. I tend to agree with this view.
If BTC replaces gold as a store of wealth, it would automatically be a strong candidate for world reserve currency. If gold could be sent over the internet and used to settle trades, do you think countries would bother with using USD?
The more salient term you wanted to use is de facto.
You've got a scaling problem. $10 billion market cap versus $200 trillion in global wealth.
The price of bitcoin is the variable in that equation. Problem solved.
Simpleton nonsense. Peter R showed the market cap is following Metcalf's law so the only way you can get to that valuation is for it to be widely adopted.
If you are talking about Bitcoin being the reserve currency of the world, then you are obviously talking about large scale adoption, Then the market cap (or rather money supply equivalent) of Bitcoin is going to increase.
How does talking about large scale adoption fix the underlying scaling problem?
(Logic is something that most humans seem to totally lack)