Photo by Traxer on Unsplash The establishment of a Bitcoin Strategic Reserve by the U.S. government marks a significant shift in global economic strategy, with profound implications for the world economic order. This initiative, part of a broader set of executive actions by President Donald Trump, aims to leverage Bitcoin as a digital asset to bolster the U.S. currency and potentially redefine the role of the dollar in international trade. The Bitcoin Strategic Reserve is designed to treat Bitcoin as a reserve asset which is similar to gold, but with the added benefits of being a digital, algorithmically scarce resource. This approach aligns with historical precedents where gold served as a global settlement currency before the U.S. dollar took over, suggesting that Bitcoin could play a similar role in the future. The establishment of a Bitcoin Strategic Reserve by the U.S. is expected to have far-reaching global implications. Brazil, Russia, and Poland are already exploring simil...
Screen grab from the popular Indian TV serial of the 90s: Vikram-Betal As I have written in my previous post here , Vikramaditya was not just the founder of the Vikram Samvat Calendar still in use in Indian subcontinent, but also a fabled king who is considered the benchmark when it comes to principles of governance. He captures popular public imagination even today , as the yardstick by which matters of jurisprudence and social justice are measured. But there is no historical clarity on who Vikram was - and I try to explore various dimensions of the mystery. The period after Ashoka and the Decline of the Maurya Dynasty The Maurya Dynasty, founded by Chandragupta Maurya in 322 BCE, reached its zenith under Ashoka the Great (268–232 BCE). Ashoka’s reign was marked by territorial expansion, Buddhist patronage, and administrative brilliance. However, after his death, the empire began to disintegrate: Internal Weakness : Ashoka’s successors lacked his vision and autho...