Post
Topic
Board Speculation
Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
by
iamnotback
on 15/01/2017, 19:35:41 UTC
In the sense you describe, it seems that Bitcoin as a reserve will only be a transition. What would the point of a reserve currency be in a Knowledge Age? I'd expect creativity, reputation and work to be indicators of worth instead.

Agreed. We only need reserve currencies in centralized monetary systems. Bitcoin is the link between the fiat world and the crypto-currency world.

In a Knowledge Age, worth is non-fungible.

But whilst humans still cling to stored monetary capital, then we will have these legacy systems.