How Bitcoin (the system), bitcoins (the tokens), or both might be incorporated into the international settlement system
The Bank of International Settlements (BIS) and the central banks should adopt Bitcoin as an opportunity to improve cybersecurity risk. The International Monetary Funds should include Bitcoin as part of the special drawing right (SDR) to reduce the risk of insolvency of governments.
The BIS is the bank for central banks. The role of the central bank is to be the “lender of last resort’ that offers loans to banks or other eligible institutions that are experiencing financial difficulty. The primary goal of the central banks is to provide their countries’ currencies with price stability by controlling inflation in harmony with the monetary policy. Member banks privately own the central banks. The mission of the BIS is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas, and to act as a bank for central banks.
Last week you asked me about my family in Puerto Rico and how to help. After five days, yesterday, they were able to make a phone call. They are fine!!! The majority don’t have power, water, and telecommunication. They are cleaning and rebuilding their communities. My brother reopens the café ‘El Melao’ in downtown Ponce serving sandwiches and coffee.
Hurricane María has been the stronger Hurricane since 1932. The infrastructure of power and communication collapsed. The main highway that connects Ponce (from San Juan) is closed. Thousands of families lost their home, and some died. Flora and fauna lost thousands of trees. I don’t know the impact on the entire ecosystem. It is going to take time and smart investment to recover. As you know, a donation is always a way to help. I made my donation at https://www.youcaring.com/victimsofhurricanemariainpuertorico-956371