Seashells Make Better Currency Than Bitcoin, Say Critics

Proponents of a federal 'strategic Bitcoin reserve' claim it will usher in a new era of global finance, but their arguments are built on flawed assumptions.

The model they propose is not cutting-edge technology, but rather an ancient system that relies on the value of digital tokens to back the credit of the world's top superpower.

This approach forces the United States to return to a primitive economic state and undermines the natural progress of human trade. In fact, using seashells as a national reserve would be a more stable choice than Bitcoin.

The idea that a sovereign Bitcoin stockpile is a viable option relies on a misunderstanding of what makes money work. History shows that true currency has evolved across three stages, and this model directly counters that natural progression.