Whether it is the Bretton Woods system or the Jamaican currency system, history has proven that the sovereign currency of any country cannot become a world currency or a super-sovereign currency.

I have a few questions:

First, what is the nature of world currency? The essence of the world currency or the world currency system is an open, fair and perfect trust system, which is the same between people and countries.

Second, what is the meaning or purpose of world currency? The meaning and purpose of the world currency is to balance the interests of countries. The country cannot die. Don’t test human nature. If you get the answer, it’s imbalance. If the country’s desires are not realized, there will be wars, economic crises. U.S. dollar is a realistic example. All the activities of the U.S. government are for the U.S. dollar.

Third, whose hands should the world currency be in? (Sovereign countries are also controlled by individuals or teams)No sovereign country’s currency can become the world’s currency. This is a law, because all countries will take self-interest as the fundamental starting point. Don’t question it, just like what the President of the United States said.

The essence and premise of currency is trust, so how to rebuild a new trust system?

Bitcoin perfectly explains how to rebuild trust, a decentralized, peer-to-peer electronic cash payment system, an open, transparent, non-tamperable, irreversible, and distributed accounting method. These are the basis for building trust, which is the Bitcoin consensus.

Despite the difficulties now, the long road is long. But under the premise that the Bitcoin Forum and the global consensus are getting stronger, this day will come and Triffin’s dilemma will be broken.

There is only one reason. Bitcoin gives us a super strong certificate of trust, without the approval of any sovereign state or institution.

Give the author an opinion. What is the purpose of your frequent posting? I don’t feel like you are simply stating your point of view, for the sake of merit or to become a legend? However, I still hope you bring some valuable posts.