What do you think about this idea ? I mean backed by btc hashing power like komodo. National currencies will be like second layer on bitcoin. Imagine a crisis coming, banks have lost people's faith, nations will have to build a new monetary system on something new, something safe, something that is rare and against inflation. I can imagine that the new monetary system will be built on bitcoin. I can imagine how people use atomic swaps to exchange between national currencies . Bitcoin will be a store of value. When people want to save money they will put them into bitcoin. The reason will be halving, scarcity and increased demand.
If this will be truth, future will be amazing .
How do you imagine bitcoin in the future ?
the whole idea of the currencies is that they are ... not national
we think that a certain country issues currency and it belongs to the country itself etc.
in reality what happens is that Central bank of every and each country of the world issues currencies while
the governments borrow the currencies and use them and the money supply and the rates are controlled by the Central banks
to try and create a currency backed by mining or any other means other than through the Central banking mafia system(like Venezuela or Lybia ) means to
get an instant war or a revolution going