Then along came former Goldman banker and current (outgoing) BOE governor, Mark Carney, who in his lunchtime address laid out a shocking, radical proposal - perhaps the most stunning thing to ever be unveiled at Jackson Hole - urging to replace the US Dollar with a "Libra-like" reserve currency in a dramatic revamp of the global monetary, financial and economic order.
If we need a pure liquidity FX pit, then bitcoin can handle that for now, and there is no sense in replacing it. It is already widely traded and hedged.
At some point, central bankers might want an improved block chain. Central bankers do not need a block chain with memory to time zero. But, with bitcoin available, I am not thinking this through.
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