Bitcoin, Crypto currency, Blockchain

Heiko Maas is calling for new payment channels, As it would be with Bitcoin?

The Federal foreign Minister Heiko Maas (SDP) said on Tuesday, the 21. August, in a guest commentary in Handelsblatt on the TRANS-Atlantic partnership with the United States. He claimed, among other things, that Europe gained more financial independence from the USA, including through new payment channels. Although he did not explicitly intend to Maas statements as a plea for Bitcoin as a global reserve currency read.

A comment from Tobias Schmidt

At the latest since the election of the American President Donald Trump, the TRANS-Atlantic seems to be sliding tables ratio from a low point to the next. So his Mantra “America first” as a departure from the vaunted Western community of values – which was in reality often more of a Western community of interest–. Trump referred to the NATO either as obsolete or urges the European member States to increase their military budget. At the same time, he also breaks with European partners, a trade war waged with duties, and the two economies harm.

From the point of view of the German government, so that is reason enough to make possible Alternatives to the existing economic and security architecture of the world. Does this, Federal foreign Minister Heiko Maas, in a guest post, published on Tuesday in Handelsblatt. There, he writes, the drifting Apart of Europe and the United States go for years, regardless of the presidency Trumps. Therefore, he calls for the Trump not just sit out, and then return to normality, but to measure the partnership’s “new”.

Europe and the United States: equal partners

The goal should be a “balanced partnership”, in which Europeans and Americans see eye to eye. Europe must be a key pillar in the international order. This also includes a certain degree of independence in Europe – militarily as well as financially. So Maas of the European Union recommends, together and in unison to operate its own security policy independently of the USA.

Even more crucial is the second point, the Maas responsive: the financial independence of the United States, however. According to Maas, it is “essential” that the Europeans set up a separate payment channels, a European monetary Fund and an independent Swift System think. Reading between the lines, then Maas calls for nothing more than the decentralization of the global financial system – sounds familiar.

Bitcoin: The Power of the dollar to break

Is the US Dollar since the end of the second world war, the global reserve currency and at the same time the most important source of American global Power. This Makes sharpening the Maas on a specific event: the exit of the USA from the nuclear deal with Iran and the associated economic sanctions. Although the head of the Europeans ‘ boundaries one-sided the agreement was dissolved, the European and German companies to do business with Iran.

Interestingly, the role of the US dollar in the fight against Iran is a point that the US-American congressmen Brad Sherman a month ago in the Finance Committee of the Congress had put forward as an Argument against Bitcoin. According to Sherman, you should ban Bitcoin because he is threatening the role of the US dollar as the source of the strength of the United States in the world.

Exactly this statement is not the ultimate reason to promote Bitcoin as a global reserve currency?

On the way in a multi-polar economic order?

The European autonomy which would strengthen the Meuse, is so closely linked to the use of alternative payment channels. As long as the control of the global reserve currency is a single state, can be of be on a par. It is precisely here that the advantage of bitcoin as a globally recognised and of the control of the state untouched currency that can not be used for political purposes and exploited.

The Bitcoin represents the decentralization, the it in a truly multi-polar economic order, such as Maas calls it, needs and not since Bretton Woods in 1944. The pure basic idea of Satoshi Nakamoto was to create a Peer-to-Peer System without a middle man. So why not also a global economic and financial system without a Hegemon?

The more important is it for the Bitcoin adaptation, to degrade the world’s largest crypto-currency longer as an Investment Asset, but again, seriously, what it actually is: a means of payment. This is certainly not the statement that Heiko Maas had in mind – but maybe exactly the one he needs, his goal.

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