In unique model of Bretton Woods – the fiat cash was circulating and it was theoretically exchangable to gold at fixed $35/ounce charge, this fashion imitating the circulation of gold. However this technique was primarily based on Belief – and that is the clear motive why it lastly collapsed.
In “Bretton Woods 2.0” there isn’t any Belief concerned, simply because Bitcoin itself is circulating there – so there isn’t any danger that some nation cheats the remainder and the system will collapse like in a prototype.
Nations make settlements with one another on the primary layer (normally huge transfers). Residents of those nations all of a sudden acquire entry to banking and make settlements with one another on the second layer i.e. Lightning Community (low-cost, quick and with nearly limitless throughput)
El Salvador and Central African Republic – might begin this Paradise proper now…
