The most likely scenario coming bitcoin digital gold new bretton wood system

[cryptoboss2020]

I don't make this announcement lightly after the long consideration im sure myself but you have your own opinions!

Here is the scenario wich will i think will come:
the central banks will occupy (means regulating) the stable coins.
The bitcoin role : digital gold   the bitcoin is going to back the stable coins.

After that there will be Bretton Wood system based on bitcoin as digital gold.
Then again the bitcoin will be removed as the stable coins backer and then i guess.... The defi
Defi is just alternative and better way for the current federal and central banks debt system
That system will be existing for some time until there will again even better system.



So If im really fool to think like that but this how i think
The more experts then i am plz correct me If im wrong

Thnx  

[1714832055]

1714832055

[1714832055]

1714832055

[Smartprofit]

I don't make this announcement lightly after the long consideration im sure myself but you have your own opinions!

Here is the scenario wich will i think will come:
the central banks will occupy (means regulating) the stable coins.
The bitcoin role : digital gold   the bitcoin is going to back the stable coins.

After that there will be Bretton Wood system based on bitcoin as digital gold.
Then again the bitcoin will be removed as the stable coins backer and then i guess.... The defi
Defi is just alternative and better way for the current federal and central banks debt system
That system will be existing for some time until there will again even better system.



So If im really fool to think like that but this how i think
The more experts then i am plz correct me If im wrong

Thnx  

I recently read that the US is in no rush to create a CBDC (digital dollar) because it fears that it will harm the US dollar's status as the world's reserve currency. 

However, China is already testing the digital yuan.  The process of transformation of the world monetary system has been launched. 

Ripple or Libra could be the United States equivalent of CBDC.  However, their development slowed down.  Only bitcoin or gold remains.  Bitcoin has every chance of becoming the world's reserve currency. 

There are simply no other alternatives now.

[cryptoboss2020]

I don't make this announcement lightly after the long consideration im sure myself but you have your own opinions!

Here is the scenario wich will i think will come:
the central banks will occupy (means regulating) the stable coins.
The bitcoin role : digital gold   the bitcoin is going to back the stable coins.

After that there will be Bretton Wood system based on bitcoin as digital gold.
Then again the bitcoin will be removed as the stable coins backer and then i guess.... The defi
Defi is just alternative and better way for the current federal and central banks debt system
That system will be existing for some time until there will again even better system.



So If im really fool to think like that but this how i think
The more experts then i am plz correct me If im wrong

Thnx  

I recently read that the US is in no rush to create a CBDC (digital dollar) because it fears that it will harm the US dollar's status as the world's reserve currency. 

However, China is already testing the digital yuan.  The process of transformation of the world monetary system has been launched. 

Ripple or Libra could be the United States equivalent of CBDC.  However, their development slowed down.  Only bitcoin or gold remains.  Bitcoin has every chance of becoming the world's reserve currency. 

There are simply no other alternatives now.

Bitcoin is new gold not currency

[zanezane]

If they were to create a new system, I do not think that bitcoin will be considered for a nation's reserve because first of all, it will be difficult for superpower nations to do that because there will definitely be oppositions and not to mention that banking and financial institutions will do anything in their power to not be replaced by digital currency. Also, USD as a reserve currency has already taken its root too deep in many countries so it will be difficult to remove those roots.

[Smartprofit]

If they were to create a new system, I do not think that bitcoin will be considered for a nation's reserve because first of all, it will be difficult for superpower nations to do that because there will definitely be oppositions and not to mention that banking and financial institutions will do anything in their power to not be replaced by digital currency. Also, USD as a reserve currency has already taken its root too deep in many countries so it will be difficult to remove those roots.

China and Russia are abandoning the US dollar as the world's reserve currency. 

For example, most of the gold and foreign exchange reserves of the Russian Federation are not dollar assets, but gold bars.  Likewise, China is creating a digital yuan that is not pegged to the US dollar. 

Other countries have also announced their intentions to create central bank currencies (CBDCs). 

The US problem is a huge external debt.  How to solve this problem?  You can simply devalue this debt and then pay off easily. 

However, it is impossible to maintain the status of the US dollar as the world's reserve currency.

[cryptoboss2020]

If they were to create a new system, I do not think that bitcoin will be considered for a nation's reserve because first of all, it will be difficult for superpower nations to do that because there will definitely be oppositions and not to mention that banking and financial institutions will do anything in their power to not be replaced by digital currency. Also, USD as a reserve currency has already taken its root too deep in many countries so it will be difficult to remove those roots.

China and Russia are abandoning the US dollar as the world's reserve currency. 

For example, most of the gold and foreign exchange reserves of the Russian Federation are not dollar assets, but gold bars.  Likewise, China is creating a digital yuan that is not pegged to the US dollar. 

Other countries have also announced their intentions to create central bank currencies (CBDCs). 

The US problem is a huge external debt.  How to solve this problem?  You can simply devalue this debt and then pay off easily. 

However, it is impossible to maintain the status of the US dollar as the world's reserve currency.

The debt is not problem!!
You can just delete the debt its just fiction!


And we dont know If they really do...
We Only know If we are in Russia or China next beside the Putin or state duma... And we see ourself that They really abond the USA dollar.

Dont belive Everything from the news!!

Yes they can abond the Old dollar but dont forget
Putins guy Mr buterin runs the ETH.
Usdc is on ethereum....

Its look like they just Switch from the Old system to new digital dollar system.

[bekti3]

The bitcoin role : digital gold   the bitcoin is going to back the stable coins.

Personally, for this point I agree that bitcoin is digital gold, the only difference is the price and the physical one. because its position is the same as the most valuable asset which is currently in the spotlight of the world. where bitcoin surpassed the price of gold.
Simply put, bitcoin is mined by software, and gold is mined using heavy physical equipment. bitcoin has no physical form, while gold has a physical form, bitcoin is limited, as well as gold.

[fiulpro]

If they were to create a new system, I do not think that bitcoin will be considered for a nation's reserve because first of all, it will be difficult for superpower nations to do that because there will definitely be oppositions and not to mention that banking and financial institutions will do anything in their power to not be replaced by digital currency. Also, USD as a reserve currency has already taken its root too deep in many countries so it will be difficult to remove those roots.

China and Russia are abandoning the US dollar as the world's reserve currency. 

For example, most of the gold and foreign exchange reserves of the Russian Federation are not dollar assets, but gold bars.  Likewise, China is creating a digital yuan that is not pegged to the US dollar. 

Other countries have also announced their intentions to create central bank currencies (CBDCs). 

The US problem is a huge external debt.  How to solve this problem?  You can simply devalue this debt and then pay off easily. 

However, it is impossible to maintain the status of the US dollar as the world's reserve currency.

Not just China and Russia but most of the countries have now realized that they have to do something about this situation. The USA continues to print excessive money and at the same time this might not be harming the economy superficially but it's too serious of a thing to get involved with them right now.

I do believe that they need time to understand the fact that they have to look for better reserves , gold is too pricey and other than that silver might reach good amount in February. Tesla is outperforming everything now and bitcoins is stable at a certain extent and we might have an incredible opportunity to buy and invest.

Most countries don't want to adopt bitcoins but they are trying and making digital currencies they expect people to use them which is nothing but a new version of fiat. That I don't understand for sure. The government has to be more lenient to avoid the ill effects of the pandemic.

The vaccination is now on the way and countries are getting them one by one we might see the economy changing faster than ever.

[magneto]

I agree with you on the front that central banks will likely try to come up with their own regulated cryptos to gain even greater control over the money supply and therefore monetary policy.

But I find it hard to believe that they would opt to use Bitcoin to back their currencies the same way Bretton Woods stipulated that the USD be backed by gold.

They will likely just leverage blockchain technology to recreate paper fiat currency, except it is much more convenient for them to control retail interest rates. Think of it like the current online banking system, except on blockchain and more centralised control given to the government/CB.

[BigBoy89]

Why should the central banks occupy stable coins?? They can easily create CBDCs, but CBDC doesn't mean a stable coin.

CBDCs' are a way of control over the population and a way to track everything for tax and power purposes. Crypto, including dex stable coins, are exactly the opposite...

[Smartprofit]

I agree with you on the front that central banks will likely try to come up with their own regulated cryptos to gain even greater control over the money supply and therefore monetary policy.

But I find it hard to believe that they would opt to use Bitcoin to back their currencies the same way Bretton Woods stipulated that the USD be backed by gold.

They will likely just leverage blockchain technology to recreate paper fiat currency, except it is much more convenient for them to control retail interest rates. Think of it like the current online banking system, except on blockchain and more centralised control given to the government/CB.

In my opinion, after the creation of the CBDC, the problem of mistrust between the countries will worsen. 

How to convert one CBDC to another CBDC?  How fair will this exchange be?  How many CBDC currencies can each country issue?  How to avoid abuse from other countries?  There is no answer to these questions.  This is why bitcoin is needed in my opinion.  Bitcoin is the ideal global reserve currency. 

The presence of bitcoin in reserves can serve as the basis for issuing your own currency.  A necessary and sufficient condition for such an action.

[Wenbing]

I don't make this announcement lightly after the long consideration im sure myself but you have your own opinions!

Here is the scenario wich will i think will come:
the central banks will occupy (means regulating) the stable coins.
The bitcoin role : digital gold   the bitcoin is going to back the stable coins.

After that there will be Bretton Wood system based on bitcoin as digital gold.
Then again the bitcoin will be removed as the stable coins backer and then i guess.... The defi
Defi is just alternative and better way for the current federal and central banks debt system
That system will be existing for some time until there will again even better system.



So If im really fool to think like that but this how i think
The more experts then i am plz correct me If im wrong

Thnx  

I recently read that the US is in no rush to create a CBDC (digital dollar) because it fears that it will harm the US dollar's status as the world's reserve currency. 

However, China is already testing the digital yuan.  The process of transformation of the world monetary system has been launched. 

Ripple or Libra could be the United States equivalent of CBDC.  However, their development slowed down.  Only bitcoin or gold remains.  Bitcoin has every chance of becoming the world's reserve currency. 

There are simply no other alternatives now.

Here are what i have come to believe. The coroavirus has caused a very drastic shift to digitization of every system. here are what has been haapening.

1. Digitization of working
2. Digitization of learning
3. Digitization of dating

and many more...

So, i see that the world currencies would all be digitized in the nearest future, and bitcoin will be made the digital gold standard.

[Smartprofit]

Yes, the digitization of all objects is an unconditional trend of the 21st century, and maybe only 3 millennia. 

This is probably part of the global process of creating virtual reality that will be indistinguishable from real reality.  The Bible says that God created man in his own image and likeness.  And God is the creator.  Accordingly, man is also a creator.  He can create new worlds (new reality). 

In particular, money has been digitized in the 21st century.  Bitcoin is of great importance in the new virtual reality.