Bitcoin Forum

Think it could ever happen?

http://www.zerohedge.com/news/2013-11-07/bitcoin-soars-over-300-question-arises-could-it-become-global-reserve-currency

I think it would be awesome if could be... That would leave no one government in control of the world...  ;D

Bitcoin could be a global reserve currency once its cap reaches 1 trillion USD.

That could happen sooner than anyone thinks...

I wonder what one bitcoin is worth in the Zimbabwe dollar? lol

Anybody want to figure out the math?

Governments don't choose the currency, corporations decided what currency they accept, that's why communist countries have empty shelves.

 ;)

Bitcoin will be digital store of value, like gold is physical store of value

I disagree... the banks control the currency.

The US dollar is not controlled by United States, it's by the Federal Reserve, they are completely separate.  

The reason the United States goes to war in the middle east is not to bring any sort of "peace".

It's because the US dollar is the petrodollar... Countries may only buy oil with the dollar, or we bomb the hell out of them.

Banks love war... War = profit.

It's looking a lot like china has given up on the dollar. And I don't blame them tbh. Most americans don't even realise that the only thing keeping them afloat is the notion that they are the world's reserve. It makes 'sense' for a while but with the constant printing their way out of trouble eventually people need something with a foundation. Gold is good but bitcoin you can send over the internet.

Anyone have an opinion on what might be the American response should bitcoin threaten to topple the dollar?

I disagree... the banks control the currency.

The US dollar is not controlled by United States, it's by the Federal Reserve, they are completely separate.  

The reason the United States goes to war in the middle east is not to bring any sort of "peace".

It's because the US dollar is the petrodollar... Countries may only buy oil with the dollar, or we bomb the hell out of them.

Banks love war... War = profit.

[/quote]


totally agree.

Isn't the government going to forbid that from happening? They lose all taxes and control.. I don't think they will let this.

Print more dollars

That truly is the answer to everything... There is no such thing as a free market in the US anymore...  :(

actually they get more control if you think about it. there would be a digital trail. Not like cash

1 BTC = 132.093.500 Zimbabwe Dollar. :D

The big thing will be syria or iran trading oil for bitcoin. gaddafi was toppled not because he was a terrorist but because he was considering not using petro dollars.

Lel, probably this.  I wish western government would for once be forward thinking and pro active and not just try to ban or regulate something as useful as bitcoin.

Wouldn't that be self defeating?

Well it's like being addicted to a powerful drug... It's too late to wean off of it now. Only thing keeping the stock market afloat.

Not before they can spend the bitcoin for something usefull like weapons  :)

pretty sure they get free weapons from iran/russia. it was a bad example tbf.

Hydra thrashing.