You may not know this, but there is no reserve asset on this planet any more. Central banks world wide use the dollar, which was backed by gold when this agreement started. But it isn't any more, and it is only backed by more debt creation/money printing.
Historically, money backed by weak reserves has always lost against money backed by stronger reserve assets. I find it funny that people believe that infinite debt creation is superior and will win against absolute digital scarcity.
Historically, money backed by weak reserves has always lost against money backed by stronger reserve assets. I find it funny that people believe that infinite debt creation is superior and will win against absolute digital scarcity.