FreeDad

I’m a dad who loves freedom!
Bitcoin is freedom. #Bitcoin ₿itcoin
I also raise chickens, keep bees, brew beer, practice martial arts, and study history.
#chickens #backyardchickens #bees #beekeeping #grownostr #homesteading #beer #homebrewing #karate #history
We’re all in this together, so be kind and pass on what you have learned.

Public Key

npub1hj6g6ry8svn434u0txsc2khng7q03z2smp4ggef65yydketl2utsktg8fj

NIP-05 Address

freedad@nostrpurple.com

Profile Code

nprofile1qqstedydpjrcxf6c6784ngv9tte50q8c39gds65yv5a2zzxmv4l4w9cpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dstf4lwy

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub1hj6g6ry8svn434u0txsc2khng7q03z2smp4ggef65yydketl2utsktg8fj

Show more details

Last Notes

2023-05-28 17:44:01

The swarm cells I found yesterday make me a little nervous. I don’t think I know what I’m doing enough to try to split my hive, so I have to let nature take its course. Just in case my girls decide to swarm, I set up a swarm trap not far away from my hive to try to catch them. I have it baited with lemongrass oil and Swarm Commander. Fingers crossed.
#bees #beekeeping #grownostr https://nostr.build/i/53ba8375f67bb23f2c8764e142eed98ede6324c61feecfd987b34b0896c73af6.jpg

2023-05-05 11:05:12

- reply

I just tested Strike out by buying another $25 of #Bitcoin. No deposit fee for me. There is of course a spread, but no fee.

2023-05-05 02:01:18

Temps are finally “normal” for this time of year. Been way too cold for way too long!
#grownostr #homesteading
https://nostr.build/i/nostr.build_1ea4059e90f2092ce7cc55d848295c44f5244dabc25c3181e4af0e32fee2435d.jpg

2023-05-04 02:49:28

- reply

Nope. Never used a desktop client.

2023-05-03 22:44:06

The US response to the banking crisis is completely backwards. Why are US taxpayers on the hook to bail out these banks, when the reason they are failing is because they have done a terrible job of running their business? Why are they allowed to privatize their gains yet socialize their losses?
https://nostr.build/i/nostr.build_d8de8382e2544a800d3e6ed4dea83dc7ae844e0da3deef2d1e5512a15b5463c0.gif

2023-05-03 21:24:39

- reply

Damus

2023-05-02 10:01:47

I’m thinking about gifting #bitcoin for graduations this year. Last year and the year before, I thought about it I couldn’t figure out a way to do it. Thanks to nostr, I’ve learned more about #lightning and the ability to create invoices. Is there a way to create an invoice, then create a QR code or some thing that can be printed, and then put that in a graduation card? The graduate could then redeem the invoice using cashapp or whatever they might have. They would then have the option to go down the rabbit hole or convert it to fiat if they really want to. The hope is that they will appreciate the gift, spread the word about Bitcoin and keep it and/or use it for #zaps here on nostr. This has to be something really easy, focusing on people who have never used #BTC or crypto in general. Thoughts? Thanks!
#massadoption #bitcoinforgrads #grownostr

2023-05-01 09:25:23

- reply

Couldn’t agree more. 2nd degree black belt in karate, yellow belt in jujitsu, helper at the dojo. My 3 older kids are black belts and some of the younger ones are on their way along their journey. Great way to teach discipline, hard work, attention to detail, perseverance, the ability to take some pain, and self defense.
#karate #jujitsu #martialarts

2023-04-30 20:09:05

- reply

That’s what I’m hoping. There were several hundred bees all over the in-law’s garden yesterday. Plenty of things flowering, especially radishes. Today when I had a chance to get out here with a swarm trap, it’s 15 degrees colder, a bit windy, and occasionally rainy. Almost no bees to be found. I don’t have any previously used frames, since I used them for my own hives, so I brushed melted beeswax, drizzled some honey, and used some lemongrass oil. We shall see.
#bees #beekeeping #grownostr

2023-04-30 19:45:39

Attempt at a swarm trap. Does it need to be higher up, like toed to a tree, or is this OK?
#bees #beekeeping #grownostr #homesteading
https://nostr.build/i/nostr.build_336de201f9ac7b4796e5d41685638f9b6da767e873f49847a9dc090c409df109.jpg

2023-04-30 19:44:36

- reply

Those will really help your bees when you are ready for that phase of your life. Good luck!

2023-04-30 12:06:27

- reply

Go for it! You can try to set up a swarm trap to hopefully catch some free bees! It’s a little bit of a more advanced way to get into beekeeping, but it’s a good option if you think there are feral bees in the area. A swarm trap would given them a better home than they might have in the wild. You can then transfer them to a new hive. You’ll need to get all the equipment purchased and ready, which will cost some time and money. It is what it is. There are some pretty good videos on YouTube about catching swarms and about setting up your first hive. Good luck!
#bees #beekeeping

2023-04-29 22:09:54

She is free! Long live the queen!
#bees #beekeeping #grownostr
https://nostr.build/i/nostr.build_e7b2dacc5bcee755380d09c7da3f6dd96ed76eaf59e96e30e982a6ca64bf7798.jpg

2023-04-29 19:58:41

Lilacs are looking great! They smell great too.
https://nostr.build/i/nostr.build_610b14717ea062c77121cb534ebc6c1484ef98da9ae7d1ca0a4a6fd8a94d0a72.jpg

2023-04-29 13:00:10

- reply

Yikes! Do you have a swarm trap ready to go?

2023-04-28 10:56:35

The US presidential election process is devolving into a coronation. The incumbent president essentially rigs the system to silence challengers (RFK Jr and other serious contenders are not offered as choices in political polls), the primary states are reshuffled so that a more favorable outcome for the incumbent is reached (Biden’s first win, SC, is taking Iowa’s place), and there will be no primary debates (there’s no way to rig it to have questions and answers provided ahead of time). Now, the main challenger, Donald Trump, is considering not attending primary debates for his party. This is how democracy dies. If your spidey senses are not tingling yet, they should be.
#politics #news #presidentialelection #Biden #Trump

2023-04-27 21:43:08

My girls are hard at work, bringing in pollen for the hive. Bees are so much fun to watch!
#bees #beekeeping #grownostr #homesteading
https://nostr.build/i/nostr.build_edd660b1a109ed05580e08b70a4457d26588aedf4db61e60504a7c0a78ad4ea7.jpg

2023-04-27 21:05:42

#zapathon
https://nostr.build/i/nostr.build_0f6d0f53619836ca3237f411a61ee185f37378c0f6fe98f37bce0c8d72e80694.gif

2023-04-26 18:38:57

Probably nothing.
https://watcher.guru/news/chinese-yuan-surpasses-u-s-dollar-in-chinese-cross-border-transactions
https://nostr.build/i/nostr.build_dfd534c57c5214fb8691407f19dca55512c91264af38b1ed0a3d8b6423cc1b9c.gif

2023-04-26 18:18:28

“All people are born as originals, but many of them die as photocopies.”
- Carlo Acutis

2023-04-26 09:18:14

- reply

Totally agree. Zapworthy take! Tried to zap this, but it’s not working.

2023-04-25 22:45:56

Installed a nuc two weeks ago (yellow) and installed a package today (green). First time ever messing with a package of bees, so I hope they don’t leave. I have that extra deep on top because I have the package box inside there, because so many bees were still inside the box, and I also have the feeder can in there. Fingers crossed!
#bees #beekeeping #grownostr #homesteading
https://nostr.build/i/nostr.build_094a68d9d750595ba6dcc6c2bfd79cd77af21c89867763fe6f33df838bab52a4.jpg

2023-04-25 09:22:49

A few Polish chicks and one self-hatched mutt. They grow up so fast!
#chicks #chickens #grownostr #homesteading
https://nostr.build/i/nostr.build_ee084420b083ae25ddd70c471f449bce73f2d6353c4e30a3c23a1e6549d621e3.jpg

2023-04-24 03:21:42

- reply

I had the chance to see Van Halen in concert 4 times over the years. Great concerts!

2023-04-24 03:06:38

- reply

Nice!

2023-04-24 03:02:26

- reply

I thank my hens for their service and sacrifice. That had to hurt!
#chickens #eggs #grownostr
https://nostr.build/i/nostr.build_ba5761fccebc7414726d3295df63f5e6c56ca1f85c1a6fc507312799e9836e4d.jpeg

2023-04-24 02:58:31

I can’t imagine how much it hurt to lay that double yolk. Yikes!
https://nostr.build/i/nostr.build_ba5761fccebc7414726d3295df63f5e6c56ca1f85c1a6fc507312799e9836e4d.jpeg

2023-04-23 15:01:09

- reply

That is the dilemma of a Bitcoiner. Gifting and spending might lead to more widespread exposure, understanding, and adoption. However, most of us are hodlers because we know what we have here.

2023-04-23 14:48:30

Other than the wildly swinging temperatures, I love this time of year!
#chickens #bees #grownostr
https://nostr.build/i/nostr.build_3b932d5d7e9b5540ec48355813c0df3f36b17abc3a90bb6840d8843f63b85887.jpeg

2023-04-21 21:33:44

So, now that gold has been hacked, is it going to be deemed a s#%*$coin, and it’s value tank 90%? If a crypto project or exchange was hacked like this, detractors would be FUDing it like crazy. Something tells me gold will not get the same negative coverage.
Not your keys, not your gold
https://nostr.build/i/nostr.build_58e2abb4fb2473129bc7d879ede6aa7d431fece3a6302a6cafe083cca2c34efb.jpeg

2023-04-21 20:18:25

- reply

Never heard that one before. I like it!

2023-04-21 20:14:01

- reply

This world is like a great big…

2023-04-21 19:40:39

- reply

Scarface!
Tony Montana: In this country, you gotta make the money first. Then when you get the money, you get the power. Then when you get the power, then you get the women.

2023-04-21 11:04:00

We need to enact laws to stop this, and they need to be enforced. Term limits? People like Martha Stewart went to jail for less than this.
https://www.nytimes.com/2023/04/19/us/politics/congress-stock-trading-banks.html

2023-04-21 02:42:50

Entrance reducer or no? Feeder or no? I’ve noticed that when it comes to #bees, opinions are like noses: everybody has one. My girls seem to be happy and healthy so far🤞
#beekeeping
https://nostr.build/i/nostr.build_add7677f2fbd79a8ac062ce0f8eb7f478a7d9433b90b85883fc5abd14a056870.jpeg

2023-04-20 09:43:31

- reply

Agreed. Regulation by enforcement, not by actual regulations or by law, is not effective and not sustainable. Gensler is not doing his job and is putting the US in a position of weakness. Definitely moving toward a missed opportunity.

2023-04-19 22:32:04

I’m really having a hard time figuring out why crypto is becoming a partisan issue in United States. What does #bitcoin and blockchain technology have to do with political partisanship? Is it about control? I suppose the Democrat party was the party of COVID lockdowns and forced inoculations, but is that really what this is all about? The Democrat party is the party of banning assault rifles. I suppose that is somewhat emblematic of control. However, the Republican party is the party of banning abortions. The Republican party is the party of banning drag shows. Both parties like their own version of control, and they detest the other side’s version of control. Crypto stayed non-partisan for many years, but I think that time is quickly passing away. I think that is bad all the way around. Cryptocurrency, #bitcoin especially, is for everyone!

2023-04-19 09:35:32

What happened to capitalism in the US? You just can’t cancel or ban everything. Crypto (specifically #bitcoin) is an unstoppable force. The US needs to find a way as a nation to coexist and “capitalize” on the opportunities rather than try to ban and push them away, because that’s just not going to work. Blacksmiths were going to lose their jobs making horseshoes when cars came out, samurai became obsolete when foreigners arrived with gunboats, etc. Sorry, Gary Gensler and Elizabeth Warren, you can’t stop it and you’re at risk of serving up this opportunity to other nations on a silver platter.
https://nostr.build/i/nostr.build_1487f5f6a70459ca7b1a9d162a524cd0104082eccbe5f2903385959b45408155.jpeg

2023-04-19 00:46:35

#chickens humor 🤣
https://nostr.build/i/nostr.build_2050202ca97102f71a02c2b581a3c1d18c0ef76d41ec8cb1a7c62709f8b11ecb.jpeg

2023-04-19 00:39:37

We are literally watching our supposed allies looking to China as the broker of peace in Ukraine. India and China are moving on, and the United States is allowing itself to be left behind.
https://www.marketwatch.com/story/the-u-s-dollar-is-under-fire-from-rival-nations-what-happens-to-markets-if-the-greenback-loses-its-world-dominance-d48ad5e6

2023-04-18 02:04:07

After all the media disinformation censorship, the Restrict Act, the talk of a CBDC, and the immediate arrest of data leakers (all the while Epstein’s clients are still free), I find Murray Rothbard’s opening quote in “Anatomy of a State” so apropos.
https://nostr.build/i/nostr.build_fece0abac20dc1523cd80f1e453ee9ac6678fec6cdda5c877780ed61b5e28e0c.jpeg

2023-04-17 02:29:28

- reply

That’s the old school way. I’m sure you’re right for freshness. I wash them because I know my kids won’t wash them before using. I’ll need to take your advise and have some marked as unwashed for me to use when cooking. Great suggestion!

2023-04-17 02:25:34

- reply

Same. I’ll listen to it on Audible. Thanks!

2023-04-17 02:01:21

Who needs to color Easter eggs? The hens take care of that all by themselves.
https://nostr.build/i/nostr.build_aff61b41be7966f41dbc9c0414d6c2e9ebc75a97a23c33d6cff6be3e69c6c0f1.jpeg

2023-04-16 15:05:36

- reply

Indeed!

2023-04-16 15:00:50

I just now noticed the new notifications on Damus. They are sweet! Thanks devs!

2023-04-16 13:10:28

- reply

Here’s the text if you don’t want to click the Reddit link:
“It's like the captain of a sinking ship urging people not to get in the lifeboats because they undermine the confidence in the ship and might lead to everyone abandoning it.
The problem is it's true in a narrow sense - people getting out of a hyperinflating fiat currency does accelerate the destabilisation.
That's not a bitcoin problem - as long as there's any alternative to USD (gold, equities, pokemon cards), people will shift their wealth out of fiat however they can.
But our leaders shouldn't be asking us to go down with the ship in order for the Fed to save face. They should be looking after our interested and telling working people how to protect their salaries.
The job of a responsible captain is to give the order to abandon ship if that becomes the safest option in a crisis.”

2023-04-16 13:09:07

Love this response to a discussion about Hillary Clinton warning of the destabilizing effects of #Bitcoin.
https://www.reddit.com/r/Bitcoin/comments/12mnj3j/hillary_clinton_cautions_that_bitcoin_could/jgc3vdl/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3

2023-04-16 12:36:52

Beautiful sight in the morning. A storm is coming, both literally and probably figuratively, so I’ll enjoy the present moment. Happy Sunday nostriches! #chickens #bees
https://nostr.build/i/nostr.build_3dadaa55f3a3f9fa0c4c3428804ac074494776087da0f0ed7ead05b90e65440c.jpeg

2023-04-16 04:20:02

- reply

We’ll said.

2023-04-16 04:18:42

- reply

I don’t think there are many beers out there that I don’t like. I definitely like lagers. However, my favorite homebrew right now is a brown ale called Caribou Slobber. Very tasty.

2023-04-14 23:16:16

https://nostr.build/i/nostr.build_bd93ab5bcbef31766694c240ced057b0e193c4a170edbe323dfffa237f1ec17e.jpeg

2023-04-14 22:33:51

Alex Gladstein nails it about #Bitcoin here!
https://twitter.com/gladstein/status/1646968017526611969?s=46&t=Cm9We2q5thnalUMnU0V8ow

2023-04-14 20:59:59

Picked up a nuc today. Exciting to hear that bus again after losing my hive during the winter.
#beekeeping
https://nostr.build/i/nostr.build_5c2f6f387c627fde4b3481a385d9d923ccfb892cbc34b222f51274dea92ada62.jpeg

2023-04-14 01:51:26

Picked up a few Polish chicks today. Not exactly sure which type, but they look pretty cool as chicks and I’m looking forward to seeing how they develop.
#chickens #backyardchickens
https://nostr.build/i/nostr.build_baaf944d6d41f7155cf573b5f32398af8138f3931c2e04afc795e85a1f2516b7.jpeg

2023-04-14 01:24:00

OK, so the US government is going to use the recent leak of classified documents as an excuse to go full 1984 Big Brother and monitor social media. Add this to the Restrict Act (a.k.a. Patriot Act 2.0) and we have a nice little recipe for expanded authoritarian government surveillance.
https://www.nbcnews.com/news/amp/rcna79404

2023-04-13 21:07:06

- reply

#zapathon
https://nostr.build/i/nostr.build_d5b2fe46451f385bd37467eb1368e4c8cd8914d7e4098c2b8d5cb21d6e1de6a2.gif

2023-04-13 21:05:05

#zapathon

2023-04-13 18:50:59

- reply

There’s a few hundred $$ of initial expense for the hives, equipment, and suit. Then, a nuc or package of bees is $150-$200 in my area. After that, there is definitely a learning curve. Totally worth it though. The best thing is to have a friend that has an established hive. If that’s not an option, most places have beekeeper clubs that meet regularly and have a wealth of information. The last resort, but the only good option for many people, is YouTube and some good books. “Beekeeping for Dummies” is actually pretty helpful. It will seem very overwhelming at first, but enjoy learning along the way. It’s a fun, not overly time consuming, and rewarding hobby.

2023-04-13 09:26:29

This is why #Bitcoin is the best bet in these interesting times:
“Deficit Tops $1 Trillion in First Six Months of FY2023”
https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/

2023-04-13 03:23:42

- reply

Congrats. I also had one chick born on Easter.
#chickens #backyardchickens

2023-04-13 02:57:05

- reply

I have chickens and bees. Love both hobbies!
#beekeeping #backyardchickens

2023-04-12 21:46:12

https://www.politico.com/news/2023/04/12/fed-economists-project-recession-this-year-00091710

2023-04-12 21:12:22

This is why the US government is driving itself off a financial cliff. This full interview is found in other places, but I like the way Saagar Enjeti frames it. Way to go, John Stewart!
https://youtu.be/ha53BoiHlXY

2023-04-12 09:30:27

- reply

That’s the 2023 version of Patrick Henry’s, “Give me liberty, or give me death!” I like it. Instead of dumping tea in the harbor though, we need to dump this government-sponsored mainstream media Kool-Aid that everybody’s been drinking.

2023-04-12 02:40:19

I guess WWIII has begun. Well, this sucks!
https://www.bbc.com/news/world-europe-65245065

2023-04-11 09:28:58

https://twitter.com/scottmelker/status/1645568006188040193?s=46&t=Cm9We2q5thnalUMnU0V8ow

2023-04-11 03:05:11

I’m with Tulsi on this one.
https://twitter.com/tulsigabbard/status/1645382097581015041?s=46&t=Cm9We2q5thnalUMnU0V8ow

2023-04-09 15:10:39

- reply

Haiti is in great need for positive change. Not sure if Bitcoin can fox Haiti, but I agree with you that it sure can’t hurt.

2023-04-09 15:09:26

- reply

Why do companies weigh in on such issues, potentially alienating huge parts of their customer base? Just make beer! My guess is that 99% of a beer company’s customer base would rather see a deer on the can than a rainbow. Just a thought.

2023-04-09 12:34:35

Good morning and happy Easter!

2023-04-09 05:02:05

- reply

The Bitcoin price is on my phone lock screen, so I see it quite a bit.

2023-04-09 03:37:41

Baby chicks! Just in time for Easter.
https://nostr.build/av/nostr.build_4dc40fb7eee7aa7bdaff3cc9af9fee899a72889a6381b47c883a32bd3f308393.mp4

2023-04-08 23:26:30

My AI generated logo for the satoshi. Not half bad.
https://nostr.build/i/nostr.build_c0d2ceca42fb37c6ec56235288e9e1e082a7eb2250cfb3d5399933665335740b.jpg

2023-04-08 11:05:34

Are you kidding? The real Satoshi Nakamoto wouldn’t care about copyright. He gave us the gift of Bitcoin anonymously and then faded away.
https://twitter.com/watcherguru/status/1644394702752317460?s=46&t=Cm9We2q5thnalUMnU0V8ow

2023-04-07 21:52:31

- reply

Many thanks!

2023-04-07 21:51:44

- reply

lnbc12340n1pjrpyr9pp57c98atr2phxnk4mp387svl0xkxuk7mdsm8tsz0vuq5j70n807q0sdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5cgzqejnxl4g6pculzs94x7qv9t7yjha89c0nvnujs94euxhddevs9qyyssqgqchtxq88770drwzpy6qrhuqpvx5hfcqtsys0nyngzr4qe5m9ddsa9uwlt20l6x3hldht03an7q7f8fq9esme45nzyqe9mk76jmncegp2vf62c

2023-04-07 12:59:37

- reply

If they can control it, no thanks.

2023-04-07 12:57:12

- reply

They always say DYOR. This is the way. Take advice when it comes, but evaluate it critically. Take it or reject it. Better yet, study and draw your own conclusions. One of my favorite quotes from Starship Troopers is, “Figuring things out for yourself is the only freedom anyone really has. Use that freedom.”

2023-04-07 12:42:05

Doesn’t infinite money printing threaten national security even more?
https://watcher.guru/news/us-treasury-says-decentralized-crypto-markets-threaten-national-security

2023-04-07 11:44:00

- reply

My mom and my grandma before her made liver and onions and it was amazing. I’ve had it other places over the years and it tasted like trash. I need to find Mom/Grandma’s recipe to share with you.

2023-04-06 13:44:13

Any day now. Hopefully in time for Easter. What a perfect time to hatch some chicks!
https://nostr.build/i/nostr.build_36b6a2b4d2d93050d6c3588c2e48dd80353a4d4eb8a298dc06b71271ea4a127b.jpg

2023-04-06 13:27:58

- reply

I think you’re right.

2023-04-06 13:26:43

Nayib Bukele, president of El Salvador, just tweeted:
“Think what you want about former President Trump and the reasons he’s being indicted.
But just imagine if this happened in any other country, where a government arrested the main opposition candidate.
The United States ability to use “democracy” as foreign policy is gone.”
I’m not exactly sure what I think about Trump or Biden as people, but I think I know their politics pretty well. The problem is that my political views are almost irrelevant due to the theater of Trump’s legal woes, Biden’s word slurring, both of their classified documents, the nepotism of the Trump family at the Whitehouse, Hunter Biden’s shady dealings with Ukraine and the laptop, Nancy Pelosi and other politicians’s obvious insider trading, etc. Not only is it exhausting, but it is making the USA look like a joke on the world stage. Domestically, there is gridlock. I think the US two party system is broken.

2023-04-06 12:29:28

- reply

I have 9 dozen eggs in my fridge from the last few days, ready for distribution to family and neighbors this weekend. Looks like yours, an Easter egg basket full of color every day. Very satisfying and rewarding.

2023-04-05 16:30:32

- reply

Not yet. I guess that’s the next logical step.

2023-04-05 16:28:16

- reply

Absolutely nothin’

2023-04-05 16:24:44

- reply

Isn’t Microstrategy’s possession of so much Bitcoin centralization? Doesn’t that run counter to Satoshi’s vision? Maybe Saylor needs to spend some of it or donate to the plebs here. I’d appreciate a zap from his stash.

2023-04-05 10:10:28

I have a lot of hobbies. I run, brew beer, keep bees, raise chickens, and pay attention to politics. However, I’m finding that studying and hodling #Bitcoin is entrenching itself as one of my favorite hobbies right now. A worthy pursuit and great use of time 🙂

2023-04-05 09:34:45

- reply

Nice!

2023-04-05 09:33:37

- reply

I’m not too sure I’m on board with the Russian war either. Even our buffer states are taking sides. Probably not a great thing.
https://apnews.com/article/nato-finland-russia-ukraine-membership-enlargement-c703d23a8423d89577d5b752d69d76eb

2023-04-04 12:23:17

- reply

69 sats on the way to prove there is hope for humanity.

2023-04-04 09:48:40

- reply

To qualify what I said about not wanting it to happen, that’s in the short term. No matter what the new reserve currency will be, and there will be a new one eventually, there will be a great deal of short term pain in the transition. Doesn’t seem like it would be very pleasant at all.

2023-04-04 09:30:42

Just for fun, I asked chatGPT through Bing if there are any positive outcomes for the United States if it loses its global reserve currency status. I’m glad it came up with a couple positives. On the whole, it doesn’t sound like it’s something we want to happen. Nice of Bing to provide the sources!
“The United States dollar has been the world's reserve currency since the Bretton Woods Agreement in 1944⁶. The reserve currency status of the US dollar has many benefits for the US economy, including lower borrowing costs and higher demand for US assets². However, there are also some potential benefits to losing reserve currency status.
One potential benefit is that it could help reduce the US trade deficit by making US exports more competitive¹. Additionally, it could help reduce the US budget deficit by reducing demand for US Treasury bonds¹. Losing reserve currency status could also help reduce global economic imbalances by reducing the need for countries to hold large amounts of US dollars³.
However, there are also some potential drawbacks to losing reserve currency status. For example, it could lead to higher borrowing costs for the US government and higher inflation². It could also lead to a decline in demand for US assets, which could lead to a decline in the value of the US dollar².
Overall, while there are some potential benefits to losing reserve currency status, there are also some potential drawbacks. It is difficult to predict what would happen if the US were to lose its reserve currency status, as it would depend on a variety of factors such as how quickly it happened and what other currencies replaced it⁴.
Source: Conversation with Bing, 4/4/2023(1) What Happens If The U.S. Dollar Is No Longer The World's Reserve Currency. https://cyber.harvard.edu/cyberlaw_winter10/What_Happens_If_The_U.S._Dollar_Is_No_Longer_The_World%27s_Reserve_Currency Accessed 4/4/2023.
(2) The ‘reserve currency’ myth: The US dollar’s current and future role in .... https://www.ussc.edu.au/analysis/the-reserve-currency-myth-the-us-dollars-current-and-future-role-in-the-world-economy Accessed 4/4/2023.
(3) Could the US dollar lose its reserve-currency status? - AllianzGI. https://bing.com/search?q=why+losing+global+reserve+currency+might+be+good+for+united+states Accessed 4/4/2023.
(4) Could the US dollar lose its reserve-currency status? - AllianzGI. https://www.allianzgi.com/en/insights/outlook-and-commentary/could-the-us-dollar-lose-its-reserve-currency-status Accessed 4/4/2023.
(5) Dollar Dominance and the Rise of Nontraditional Reserve Currencies. https://www.imf.org/en/Blogs/Articles/2022/06/01/blog-dollar-dominance-and-the-rise-of-nontraditional-reserve-currencies Accessed 4/4/2023.
(6) Could The U.S. Dollar Collapse? - forbes.com. https://www.forbes.com/sites/qai/2023/03/29/could-the-us-dollar-collapse/ Accessed 4/4/2023.”