I think your definition of a global reserve currency is a bit out of touch. I would argue that there is no requirement for a global reserve currency to be untraceable but even if there was.
There are other assets that are untraceable and could still perform that function if it was a need.
As far as being fungible, and easy to transport, any digital currency would meet these requirements. It’s not like banks are physically shipping USD bills to anyone.
Right now, the US government is struggling to pay troops during the shutdown. And even if there were no shutdown, we are paying more in interest on the national debt then we do for the entire military industrial complex. So I don’t think the claim that the USD is backed by it’s military is a strong argument anymore, especially not if things continue on their current course or if any thing negative happens.
I think your definition of a global reserve currency is a bit out of touch. I would argue that there is no requirement for a global reserve currency to be untraceable but even if there was.
There are other assets that are untraceable and could still perform that function if it was a need.
As far as being fungible, and easy to transport, any digital currency would meet these requirements. It’s not like banks are physically shipping USD bills to anyone.
Right now, the US government is struggling to pay troops during the shutdown. And even if there were no shutdown, we are paying more in interest on the national debt then we do for the entire military industrial complex. So I don’t think the claim that the USD is backed by it’s military is a strong argument anymore, especially not if things continue on their current course or if any thing negative happens.