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No surprise... incumbent status is reached when you've managed to solidify a plan that will keep your life stable until the end. Almost shameful to contrast a reserve (which the intention is to "preserve") against a basket that has such high debt associated with it, not to mention that using it, means you are bound to the regulations they decide. Sounds like a great plan to preserve the USD. But that's not the job of the UK... unless they feel the USD is too big to fail? 🧐

Stable!!!! ……. Stable grind to zero more like…..Bitcoin has been a historically highly volatile asset relative to stable fiat currencies like the US dollar, and commodities, such as gold. This volatility makes Bitcoin unsuitable as a reserve asset for the UK.

It will be so fun to watch the UK back pedal on this sooner than later. nostr:nevent1qqsgtwr425uth42qydfnd9hh9d4ysqhsjk9844pgnld2v60z53rd8scpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyzpxa8uftwq6ksdy2g3x3vjfu6xs9j5pvzx77432fy7wud0lchr4jqcyqqqqqqgu3q862

The quality of thinking in parliament is shocking. Just listen to nostr:nprofile1qqsgmrkqaz0a75y5ssmf7us7luqlh58lp3m8ryxsru0g40e7k65dumqprdmhxue69uhkummnw3ez6vfwde3x7tnpdenkzmnf9e3k7qgswaehxw309ahx7um5wgh8w6twv5q3wamnwvaz7tmpwshxummnw3e8wmmjddejucm0d5l9n6xr talking about it recently with nostr:nprofile1qqs2auxkkgfgylem580xrztp8ek5sf83s86k0vfq2feuz6y4lkhskgcpzdmhxue69uhhqatjwpkx2urpvuhx2ue02zchlu

How many years before their position changes? Muppets.

Cool, so they admit that "stability" is the key issue. So when it's bigger and more stable than GBP (e.g. September 2022) they will have to consider it ;) But yes also probably ngmi

lol… **this is fine meme**