Quote from: Abiky on November 10, 2018, 12:07:37 AM

Quote from: miltonpogi on November 08, 2018, 02:24:14 PM

Reserve currency? I don't think so because Bitcoin is base on internet which cannot be controlled. I think Bitcoin would end up as a way of payment only or an alternative currency in a certain country. That's what I think about it. Also, new cryptocurrency might sprung that could beat Bitcoin one day.

That's certainly true, mate. Still, the benefits of a reserve currency that goes beyond borders are numerous. With the inception of Bitcoin and Blockchain technology, it's possible that a reserve currency would become accessible by anyone around the world as it used the Internet and Blockchain technology. However, Bitcoin and most cryptocurrencies would not fit the bill nicely due to their decentralized design. A centralized cryptocurrency such as Ripple (XRP) might well serve the purpose as the reserve currency of the world since it can be easily manipulated by governments.

Now the question will be whenever the US Dollar will remain as the reserve currency of the future or not. If it becomes replaced by another currency, then it would probably be the Euro or the Sterling Pound. However, one thing for sure, is that such currency will make use of a Blockchain for security, transparency, and borderless transactions. Just my opinion

No I don't think it will be either the Euro nor the Sterling Pound. They are all the same - fiat currencies with their value derived from debt. If the US dollar gets dethroned, they are all really only the equivalents.

I think it will be Special Drawing Rights or CO2 certificates or something exotic just as those. Or maybe bitcoin. Or maybe we will go back to gold standard. We'll have to see when it happens (not if it happens)