Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin possible to build a new "Bretton Woods system"
by
RainbowKun
on 08/08/2021, 10:06:52 UTC
If Bretton Woods didn't work with gold, what makes you think it will work with bitcoin?

Also I am not sure if all the world governments will adopt bitcoin like that. It is more likely that they will want to go back to the gold standard because nearly all them already have gold in their central banks.

So it is a solid no.

Thank you for your wonderful response, I understand what you mean. In my opinion, the future must not be the government's initiative to choose Bitcoin, but that they have to accept Bitcoin. Governments can pass laws to make gold lose its currency. But it is difficult for them to pass the law to make Bitcoin lose its value. Because Bitcoin is the people's choice. At present, there are more and more groups in the world, because of the birth of Bitcoin, they have obtained the liberation of their minds. They began to doubt the rationality of the government's monopoly on currency issuance. Bitcoin has given the people of the world better choices. Bitcoin's consensus around the world is constantly strengthening. When the value of legal currency is getting more and more depreciated, more and more people will take the initiative to choose Bitcoin and abandon the legal currency. In this case, governments will have to establish a new currency system that adapts to the existence of Bitcoin. Of course, this process may be very long, and it may take 10 or even 50 years. However, I firmly believe that no one can stop this trend.