umm. no. central banks hold gold as a reserve asset. all other reserve assets are liabilities of foreign govt's. eg: USG.
Central banks aren't about to replace the only unencumbered physical asset they have with a digital algorithm.
>> I see bitcoins as the storage of value, but not method of payment
I think you have it the wrong way around. Bitcoin could be a medium of exchange but not a store of value. It's too small isn't liquid enough to be credible as a SOV. If it got big enough to do so then govt would crush it.
It's a little slippery IRL - blocks in bitcoin are mined and the mined blocks are representations of value - at least within the blockchain itself. You could argue that the blockchain itself does represent value. The value of the mined blocks now is 25btc since the reward was halved.
Blocks can't be made outside the process of mining and any btc you hold come from a block that's been mined.
How that's represented in fiat is another problem :)
umm. no. central banks hold gold as a reserve asset. all other reserve assets are liabilities of foreign govt's. eg: USG. Central banks aren't about to replace the only unencumbered physical asset they have with a digital algorithm.
>> I see bitcoins as the storage of value, but not method of payment
I think you have it the wrong way around. Bitcoin could be a medium of exchange but not a store of value. It's too small isn't liquid enough to be credible as a SOV. If it got big enough to do so then govt would crush it.