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49934848 No.49934848 [Reply] [Original]

What if the fed pulls off some master judo and adopts Bitcoin as their reserve currency, slowing replacing the dollar
Bitcoin was invent in America
It's pure Americana, so it makes perfect sense

>> No.49934869
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49934869

also, am super stoned rn

>> No.49935073

that would be them relinquishing power and control which happens about as often as rent decreasing

>> No.49935151

>>49935073
but what if the boomers realized they fucked up big time and decide it's time for plan B
they've lost credibility now so even if they make their own digital currency, few would actually want it

>> No.49935157

>>49934848
The only way I see them doing that is if they can create a ledger where they're the only ones with administrative privileges and can fuck with it however they like. Maybe like some shitty PoS system where they're hard coded to own a majority of the supply.

>> No.49935236
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49935236

>>49935157
you're not making any sense,
and this is coming from a stoned person so you know it's true

>> No.49935240

Why would they reserve with a speculative asset?

>> No.49935244

>>49935151

it just doesn't make sense from a game theory perspective. it doesn't matter how bad they fucked up they won't give up without severe coercion

>> No.49935305

>>49935236
I'm saying they wouldn't use BTC because they wouldn't be able to reverse transactions on it.

>> No.49935321
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49935321

>>49935244
>they won't give up without severe coercion
hold my mountain dew
imagine what people will do when the average cost for a gallon of gas is $8 dollars

>> No.49935336

>>49935321
They would just debtmaxx more

>> No.49935382
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49935382

>>49935336
based

>> No.49935498

>>49934848
They could do but it would be quite hard. Only way I could see it working is if they somehow managed to peg a Satoshi to the dollar so 1 sat=$1

>> No.49935519

>>49934848
My bad I too am high just realised how they could do it. Whatever glowie organisation who pretended to be Satoshi could just unlock all their mined coins. Could even do somet with the Genesis block coins aswell I guess maybe

>> No.49936171

>>49934848
dude
that's absolutely not going to happen, ever. The Fed needs a currency that they have the mandate to issue and control. That's the WHOLE point of central banks, and BTC completely undermines that

>> No.49936641

>>49934869
Stop doing drugs faggot. 20$ of crypto lasts longer than weed. Or cocaine god knows what you degenerates are on nowadays