I truly believe in a blockchain based world reserve currency. If it is going to be Bitcoin no one knows, but Bitcoin is probably the biggest favorite for that position in the current market.
My biggest concern is that we settle on an old technology. We already have coins with faster transaction speed and more uses so why go with the first coin just because it is the biggest?
Anyhow, I love Bitcoin. Satoshi was so ahead of his time and the world will prosper because of it.
Thank you for a great post
@ronni
Think of it this way.....we need to have BTC be the peg because it the only "pure" coin left with no centralized authority, no face....just Satoshi. The other coins all will be valuable and have a place in our world, they will be the markets and the transactions. Gold is a "slow" currency, just like BTC. There is room in this space for all of the coins in a global market.
Great answer! For comparison, gold has been increasing in value steadily over time :)