The Republicans and Donald Trump seem set on establishing a strategic crypto reserve. They are claiming this will somehow be an important source of economic security for the country. It’s clear that establishing the reserve will be an important way to give tens of billions of dollars to Donald Trump’s campaign contributors, but it is much harder to see how it will provide any economic security to the country.
Well with other currencies you sort of have a nation state behind it, backing its value. Failing that, that nations armed services :-)
What does that mean? What service do you get from the “armed services”? If someone doesn’t pay you, then the army will attack them?
TBH it’s somewhat amazing how people cite violence as a feature. International imperialism is a primary reason why state currencies are terrible for humanity and the planet.