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schwarzrules | 1 year ago

Was curious if a maple reserve existed. looks like Canada is leading the charge on that one: https://ppaq.ca/en/sale-purchase-maple-syrup/worlds-only-res...

discuss

order

Eddy_Viscosity2|1 year ago

Strategic reserves for actual physical commodities makes some sense. Then can reduce the volatility in markets due to sudden unexpected market shocks. In the case of maple syrup that might mean a stretch of really bad harvests.

But digital currency is made up. It isn't 'needed' for anything. So there is no sense to have a strategic reserve.

JumpCrisscross|1 year ago

> there is no sense to have a strategic reserve

FX reserves. (Doesn’t apply here. But stockpiling social constructs can still make sense.)

sadeshmukh|1 year ago

All currency is made up, and even physical reserves (gold) have very little intrinsic value. Bitcoin is just another one.