Bitcoin Forum

Just choose what you feel.

Im thinking around 10 years, maybe less, maybe more. Hard to tell because it depends on how the US government handles the current situations and how many and the quality of the alternatives that form as replacements.

Never, USD is a strong currency....

Government issued currency including dollar is not going away in foreseeable future. Just like paper fiat complemented coins Bitcoin will complement coins and paper money. But Bitcoin is better and will force gold standard to return.

My answer - dollar is not going away anytime soon. Yes the economics can collapse and dollar can get devalued like ruble did but it still is a dollar.

Not anytime soon

At least another 15 to 20 years in its present form..

I think we need some longer options in the poll...

Enjoy. (https://www.youtube.com/watch?v=iFDe5kUUyT0)

i don't know but our economy is currently going through a liquidity trap.. oddly enough, the value of our currency is only inflating at 2%. it's bad news because it reflects low confidence from the private sector.. and it seems like a viscous cycle. no one is willing to invest because they don't think the economy is going to improve.. and part of that reason is because our fed just continues pumping federal note after federal note.

i just learned about all of this, and i'm in no way an expert.. but to my novice eyes, printing out A LOT of money and having your currency not "inflate enough" (ie: people taking out loans) just ends up pulling a slingshot back farther and farther.. for one explosive event.

Yeah, in the technical economic lingo this is called 'latent inflation'.  The effect of printed money is always delayed.  The 'stable case' is where economic growth more or less matches pace with the rate of printing. 

That we never will return to.

It's really not much different than Bitcoin other than the lack of auditing and privacy protection. The value in the US Dollar comes from the ease of use and infrastructure behind it. Just as Bitcoins are "created out of thin air" from mining and processing transactions.

are you saying that bitcoin is not that much different from USD other than the lack of auditing and privacy protection? how do paper notes lack privacy protection? and only a finite number of BTC can be created, at least in theory.. the USD can, and it is debased by the day.. it has no store of value. that's a monumental difference.

The government need to stop increasing the debts ceiling and problem solved..

Senatorial election in about a year. After that, the federal government has 2 years to do as it wishes without any risk of personnel change. I'm going to say we've got a year until everything collapses.

The only reason it doesn't collapse is because they continue printing billions every month. As soon as they stop, it collapses, if not before.

I think you should have extended the poll with more years, I believe the USD will be around for about 20 more years.

Mike Maloney +1
Had already seen it.

6 or 7 years.

The yen is still going on and is relatively ok. It must be at least. 10 years ahead of the us on the "we like to destroy our own economy" scale. When they go down it might accelerate things for America though, so I will guess 5 years.

Never

Dollar cant collapse, just inflate.

It could be any day now. These sort of things tend to come quite unexpected. But any day could be a day far in the future, too. So I have no clue. Picked 5 years, because.

Thanks Mike - thats a good video. Here are a couple more:

Zeitgeist Addendum - Modern Money Mechanics

https://www.youtube.com/watch?v=vm3DixfL9o0

I.O.U.S.A.: Byte-Sized - The 30 Minute Version

https://www.youtube.com/watch?v=O_TjBNjc9Bo

The US economy polarized several years ago beyond repair, as presented in the above video.

The situation hasn't got any better, in fact it has got much much worse.

I've already seen the first one; that's the video that pulled me out of the matrix and got me to really question what was happening in the world :P The second one is very good as well; the truth is painful.


That's what a collapse is; nobody is using Zimbabwean dollars for this reason.

8 year max on this poll? only on bitcointalk, haha. i thought it was "any day now" many years ago. i, unfortunately, am fairly confident this business can and likely will be dragged out much longer than we'd like.

I can't find never in the poll, everyone is so pessimistic about USD?

Fiat currencies have never lasted through history before, why is the USD special?  Because you use it?

I'll just repeat myself again here. US debt is so high that they can't even pay the interest on their loans. This means the debt will keep increasing endlessly until the chinese get sick of seeing their money disappear, at which point the dollar will go belly up.

nothing in this universe has ever truly lasted anyway.. so the question is, how long have great empires lasted? the roman empire lasted 400+ years. america's been around since 1776 basically, but we haven't been the world superpower for more than 70 years.


word, we are like japan. but the odd thing is that inflation is only 2% at this point... because no one is spending.

Yeah; the Romans had their own way of exploiting the currency, but that didn't last either :P  It's almost like people are raised in these bubbles where they're told America is this perfect place and nothing wrong could ever happen...but that'd be crazy.

Wow, lots of doomsayers.  I sure hope it lasts more than 8 years.

Why? All fiat currencies have to die.

+1

until the day, that no one wants that shit anymore.

A less than 1 year option should be added to the poll  :D

Bitcoin is orders of magnitude stronger. Darwin will tell you how this will play out.

Zombie currencies do exist, though.  Mostly operated by vampires.

Not even vampries can stay away from gold ;D

Yep.

But so far I have not seen any of the walking dead coming after bitcoins.

It's hard to tell but I would say around 5-10 years

This

That is simply not true.  The US has never missed an interest payment.   The interest is about $54 per month per person is the US.  Not that this is a good thing, but the amount of interest is not going to kill the US dollar quickly.  With some pretty simple (but not politically simple) budget cuts the deficit could be closed. 

In the long term it is not sustainable. 

It will never end...

The thing that makes the dollar special is that the US government taxes are paid in Dollars.  As long as the USA exists as a wealthy nation of over 300 million people, the dollar will be a valuable currency. 

That doesn't make the dollar special, that makes the dollar like every single fiat currency to have ever existed.

What makes the USD special?

nothing, but it doesn't make him go away, USD will not fall until  USA falls, almost everything today is paid in dollars especially online.
until terrorists take down the US, USD will  prevail :D

No. USD will fall when the USA makes the switch to Bitcoin as its official currency. With it the banking cartel will fall and the world will be a better place.

wow, that's an interesting possibility (altough very very unlikely :D)
but don't you think there would be new Bitcoin banks?  ;D

Considering that the US is currently trillions of dollars in debt, I would think 5 years, ot 50 years, or 500 years.  It would depend on how the government is handling things.

sorry, but this is just a wild BTC-lensed dream. BTC is a deflationary quasi currency. it cannot be used as a standard for currency for this reason.


nearly every major government is printing out unprecedented amounts of paper notes. see here: http://www.telegraph.co.uk/finance/comment/liamhalligan/8484530/Americas-reckless-money-printing-could-put-the-world-back-into-crisis.html

I support what your point is but the stuff you said doesn't make any sense xD
I don't see how overprinting is related to Bitcoin not replacing the dollar?

being a depreciating asset means people are not willing to spend their money, and instead hoard it.. why? because it keeps increasing in value. for a currency to be a true one, it needs to encourage free spending.

this is what happened in rome when the empire decided to dilute their currency (they melted gold and mixed it with bronze, making the coins less pure). people, instead of spending their best assets, horded them and used the cheaper metals.while this didn't exactly cause their downfall, it was a stage that contributed to it.

thinking that BTC will become the main world currency one day is just a pipe dream.

Understand two things:

1. Nobody hordes till they die (and if they do, they probably needed to die)
2. The market adapts because people adapt

There is nothing stopping you from spending Bitcoin, except in the case of things you really don't want or need which sounds like more of a solution to me than anything.  Is Bitcoin bad for a debt-based economy?  Absolutely!  Does anyone really like our debt-based economy?  Only the few who don't work for a living.


You say that like it's a bad thing the Roman empire fell.

1. that still doesn't lead anyone with knowledge to think that BTC will be the standard world currency. of course people are spending their BTC, but if the world economy is doing well.. people will have to invest. and BTC's inherent deflationary nature means that there'd be less people willing to invest; so how could people switch over to BTC as the standard currency?
2. how does this really prove anything? that's just a broad statement.

people are and will be spending bitcoin, and i never argued against that.. but you need to have a healthy level of encouragement to "spend" in order to keep the economy going.

I have never implied BTC will be the standard world currency; for that matter, why on earth would anyone want this?  All I'm pointing out is that there is nothing about bitcoin's deflationary nature that leads to negative effects; it's volatility is what is preventing it from becoming a currency, but a money that gradually makes its holders richer encourages saving; the second point is extremely important to understand, as you seem to be under the impression that the market must always be debt-based, i.e. we must always continue to spend, spend, spend in order to keep the economy flowing.  This isn't true; if it turns out that people prefer to save their wealth than spend it, the economy adapts to this shift, instead of imploding or whatever other dangerous things Keynesians put forth.

your reply was to my initial statement, which was basically: "BTC can't be a world/standard currency." maybe i misunderstood, but i assumed you were countering my initial statement.

It's a political question. In principle, the USD can collapse in value but still remain in existence.

Maybe the big governments will file for bankruptcy, as Greece did. That may somewhat put a lid on inflation. Possibly they won't be able to manage it and start inflating crazily. Then, the question is how many people cope with it and how many start using more stable currencies or commodities.

I guess the end of the USD will be at least a good bit after it has lost most of its current value. Therefore, the exact date isn't all that important when determining how many dollars to hold on the long run.

It's coming along nicely at the moment.  The fed is being doveish but the bond yields are nearing 3% anyway.
and that's before they even start to taper QE.  Not stop QE, taper it!  When they taper and yields go to 3.5%+, then they will have to start up the printing presses again.

They can't afford to pay any real world valuation interest on their debt, so they need QE infinity.  And more and more to keep rates low.  Soon enough China will move away from USD (already happening), then boom, down goes the greenback!

Or Japan could explode first and everyone will see the similarity, then down goes the greenback!

Remember why interest rates are low.  Its a market - governments sell bonds and the rate reflects the free market value of the debt.  Right now, the US government pays a negative interest rate on 5 year bonds and just about breaks even on 10 year bonds.  The reason its so cheap is that there is nowhere else to deposit a few trillion dollars risk free.

So the US, UK and Japanese governments will never have an issue with paying off debt at market rates as long as there is nowhere else to deposit large amounts of cash.  

Risk free? That is why the rates are low but it is completely flawed thinking. Was money in Greece risk free? or Iceland? or Argentina?
Ok they are smaller economies, but the big markets are just bigger Ponzis.  As long as everyone keeps their money in, it is fine.  When people start cashing out then it is over.

As for actually paying off debt, when has that happened?  If you mean rolling it over, that is one thing, the idea that they will be paying it back is a joke.  

I think there are two questions: USD to 'end' and USD to collapse are two diffeent things. Until it collapses it will takle some years, but it's at its end already.

What happens to the euro when the US dollar collapses?

To me one thing is clear: once the USD collapses we're _all_ fu**ed up. Another thing that is quite likely is that it will end up in war once the USD will collapse. Besides that, it will pull other thing (not just currencies) with it. I think, one of the reasons the US have never been stopping to invest into military although people in the US die because of hunger and (on-existent) health care is that they need to be prepared for the day that the US is actually part of the third-world. Spain is called third world now by the US. As is Italy. The US wil be the same that day the USD goes down.

It might be better to ask BTCBTCBTC $$$ which ends first. The collapse of US$ could be devastating and obviously domino effect of failures into other part of civilization. It would last as long as we live if not replaced by other (cryton)currency(s) as reserve currency.

Yes.  The collapse of the US dollar would inevitably lead to worldwide economic detestation, as it is the reserve currency. It certainly isn't happening within 8 years.  If it does, I don't want to be on this planet because some seriously fucked up shit is probably going down, and it may very well have to do with a nuclear winter or natural disaster on a scale like we've never, ever seen before and wouldn't see again for millions upon millions of years. 

Get real!

The euro would follow.  New currencies based on commodities would be brought in, last for 30 years until someone decides to go fiat, then it starts again!

the end of the dollar is just a bitcoin fantasy, it certainly isn't  happening in  our  lifetime :)
altough it would be nice  to see that :D
at least for us (bitcoiners :D)
even though € would probably take over  :-\

Their debts weren't made in their national currencies (in the case of Greece they couldn't control the emission of euro), so they were at the mercy of their creditors. The US debt is dollar-denominated, thus the US can't default (or bring about USD collapse for that matter) unless they deliberately choose so... Why would they want to? ;D

Don't take too serious all those covert games in Congress 8)

Bitcoin fantasies usually become reality, so that was actually a pro argument.

There is absolutely no reason to believe the US-Dollar or the Euro (in their current form) have even the slightest chance of surviving the uncontrolled nuclear chain reaction of cryptocurrency adoption.

Who is telling you so? Maybe that guy on your avatar? Don't trust him, he's lying to you!!! ;D

Don't let these guys scare you.  Collapse of the dollar would bring a new wave of freedom to society.

In Weimar Germany prices doubled every three days in 1922-1923... Do you know what happened next? Is this the freedom you're looking for? 8)

"History is replete with examples of currency collapses and they typically follow very predictable patterns in which a nation unravels and social chaos, and many times, widespread violence and even genocide becomes part of the national landscape"

Taken from here (http://thecommonsenseshow.com/2013/07/12/what-does-a-currency-collapse-look-like/)

That's because they kept using money as a system to live.

Now we have learned from our past, that we should simply give up the concept of money this time and society would be free, prosperous and efficient.

Actually, it will be far worse than it might have been even a century ago. We are now much more dependent on technology, medicine, communal support systems and you name what else than we were a hundred years ago... 8)

Because we made our self dependent.  Sickness wouldn't be a problem if people didn't live in industrialized housing whilst eating mass chemically produced food.

How long till the end of the USDollar? Nobody can know the answer, only TIME can tell. I think its better to ask if which currency will survive, BTC or USD?

But isnt it the dollar thats holding up the BTC? Last year,1 BTC was worth almost nothing compared to what it is now. No one seriously took notice of either the BTC,let alone alt currencies.

So now you suggest we should all come back to caves, eat raw meat (if ever), wear raw hides and die at the age of 25 from smallpox and malaria (if not eaten by some predator even before that)? You may choose as you like personally, but I doubt it strongly that the total majority of humans would love to follow your steps... ;D

End of USD will be when bosses from shadows (NWO gang) that control FED says so.

No, I'm proposing we create natural homes out of the earth, eat food grown locally and naturally and that we all evolve consciously so we don't have to die.

It's all within our reach, we just have to work as one.

Instead of caves you propose to dig dugouts? I'd rather go with caves, given these only options... ;D
What are going to do with the population of big cities, subject them to liquidation with subsequent total annihilation of the cities? 8)

Simply move out of the city and build one of these.

http://naturalhomes.org/img/cob.house.shingles.jpg

Do you consider this a dugout?

I think they can keep the dollar propped from a total collapse for a long time yet. Too much debt owed to too many countries for it to go away. China may be looking at an alternative, but it would be against their interest to let the dollar collapse.

Inflation will kill us, and we'll start using alternate currencies, and bartering for goods. They'll prop fiat up until after you need a wheelbarrow full to buy a loaf of bread.

You do know that the long term problem faced in the West is deflation don't you?  Inflation has been dead for over 30 years.

No electricity, no gas supply, no hot and cold water, no toilet... Actually, not very far from a dugout, provided the walls are made from earth. It may look pleasing to the eye, but I don't think this hovel makes a decent, safe and sanitary dwelling... 8)

A hippie retreat! ;D

Well, if deflation is a general decline in prices, caused by a reduction in the supply of money or credit, I'm not so sure. I see rising prices on everything, not a decline in them. I see people locally getting raises, which leads me to believe money is more available, but worth less...and depending on type of credit, some is easy to obtain...including loans for land. At least here.

I don't consider myself a financial genius by any means, I just don't see a big fast collapse of the dollar...too many forces at work.

I'm always open to hear other views, and learn new things though.

5 years max

I'm quite sure that house has all of the above, except maybe gas, but why do you need gas?

It is much more safe than the houses we live in today, it is more resistant to high winds, tornadoes and earthquakes.  It is better for your health too, better than humans breathing in the byproducts of air conditioners and heating elements daily.

It is also less expensive and you can build your house exactly how you want it.

I strongly doubt about that. I see no electric wires but I see kitchenware outdoors, so I guess the food is cooked over a campfire. Without electricity you might use gas for cooking, so no gas either. Central water supply is probably also absent (iron trough outside), so no toilet (perhaps an outhouse somewhere around). Earth walls are just plain insanitary, next to nothing beside log walls... 8)

In any case if it has all of the above how would you call that "back to earth"? ;D

Kitchenware?  That's a cup.  No electric wires?  They're in the wall.  Electric stove tops cost $100.  Water supply?  Called a well.

I would personally prefer people poop away from my house anyways.  But the great thing is, if you want people pooping in your house, you can build a bathroom inside, because you sorta build it yourself.

How is earth unsanitary, please enlighten me.  If I recall correctly, man made items are the cause of this modern problem of cancer.

So the only thing which justifies this house as "back to earth" is its earth walls, right? ;D

What are these "earth" walls made from actually? Some type of concrete or plain old clay? 8)
Whatever it might be, wooden logs are much better, their only drawback being combustibility... :(

Have you ever heard about worms, microbes and other evil creatures that live in soil and carry or cause various diseases? ;D
This modern problem of cancer? Are you kidding? ;D

Cancer has been known since ancient times... 8)

Fair points.

Inflation is a narrow measurement of price increases of a basket of specific goods.  Its low or non-existent in the Western economies.  It doesn't include house prices, rent or share prices so its fair to say that some things are getting much more expensive.  The theoretical reason deflation is a problem is that there is a global gut of savings - some inflation might force people to spend the savings and thus get the economy moving.

No argument from me on that. There are days I wish it would all collapse fast, and other days I hope it doesn't. I just keep preparing and trying to minimize the effect it will have, if it happens.

You're such a troll.

Maybe US$ will survive, but inflation... now it depends on those that have US invesment bonds (Japan, China) with +2000.000.000.000 $ in bonds.
When they activate the bonds....

the $ will definitely survive, it  might become worthless but it will survive ;)

As long as you can use it to pay taxes it has value. 

Actually that's a pretty important point.  Consider a future scenario a few years off....

...you and most everyone has USD/Pounds/Euros/etc and have bitcoins....

...what you going to pay taxes with?  The most worthless thing in the bucket.  What you gonna hang onto?  The bitcoin.  This actually argues for the continued existence of the Most Worthless.

i'm going to say it will take about 5-10 years. the end is happening now. the dollar is dying right as we speak. yes there will be some trivial bumps along the way like another 2008, but it's dead. the dollar is on it's last gasps of air. and no, there is no way to bring this thing around. unless the fed goes, irs and all other psychos attached to it, than it MIGHT be able to change. but i sincerely doubt that either way. dollars got to go along with the old fiat system. it's been the restriction on humanity for far to long.

End of USD means big start of BTC and others cryptocurrencies

no it doesn't, it means a new currency will be born or an another one will be used, this would have absolutely no influence on bitcoin
but we're arguing for no reason as this isn't going to happen in our life span  :-\

Sure it will.  Within the next decade.

it might go down, but I doubt it will disappear or be canceled :-\

How long till this?
https://bitcointalk.org/index.php?topic=341533.0
?

When the shills go away. ;)

End of US $ is high start 4 BTC, so i hope soon

Considering that the US is currently trillions of dollars in debt, I would think 5 years, ot 50 years, or 500 years.  It would depend on how the government is handling things.

Firstly, the dollar is supported only with the United States of America and the whole world, because each country depends on this currency. And secondly, even such an organization as an international bank will support the dollar, everyone will listen to it because it is this organization that dictates its conditions on the financial economic state of each country.

I see many people in this thread trying to say that the dollar will collapse in the near future without giving any solid reasoning as to why. The USD is quite strong, especially in relation to other currencies in countries such as Russia and China in which it is losing its value. Hell, even the euro saw a drop not too long ago, but nothing similar can be said about the dollar.

I see that USD is still the world's most known and used currency and it's strong. It's not going to be easily replaced because of the agreed upon value of it by the world. We can never truly tell what will happen but let's hope for thw best for everyone.

I think it's going to be more than 8 years if ever the dollar is going to collapse. Even though there are times when the dollar will be unstable, I don't think it would come to a point of collapse. We may not even see that happening in a decade or two. All these talks about the dollar being replaced by another currency are just speculation that would most likely not come true

I think it will be more than 10 years to bring usd down, usd still a strong currency and been used as international currency, almost all of the country know usd and used it for global transaction, and I prefer using usd rather than other currency for global transaction

Depends on what you mean by a collapse. If we are talking about rampant inflation to the point of complete devaluation, that will never happen. The USD is backed by the coffers and assets, and infrastructure of the US government, as long as said government exist, said dollar will exist. Many rich bastards have fought long and hard over many centuries to prop those little pieces of green paper up. We created a banking system outside of our banking system, not even owned by our government, to ensure the value of the USD remains at a beneficial value to our country. And we made sure to peg other currencies to the dollar, to ensure that other economies would be beholden to our success.


The world will end before the dollar does. In fact, the world will end, because of the dollar.

Get a USDollar out of your pocket. The thing is only a little over 6 inches long even diagonally. No matter where you start, it isn't very long to the end of the USDollar.

 ;D

I see what you did there, and I approve  ;D ;D ;D

The only scenario in which the US Dollar would become obsolete is if a third world war occurs. If the economy of the US collapses as a result of the war, then some other currency will replace the USD. But the chances are quite remote.

^^^^^ There are lots of things happening in America that can affect the US dollar. One of them is that people are waking up to the strength they have in court.

Federal Rules of Court state in one area that if you don't have these 4 things, there isn't any case:
1. An accused;
2. An accuser;
3. An injury (bodily harm, physical damage, breaking of a contract);
4. Evidence and at least 1 witness connecting the accused to the injury.
(Google and Yutube search on "Richard Cornforth" and "Karl Lentz common law," and do your due diligence.)

This means that State Governments and the Federal in America lose their case every time, IF the accused digs these Rules of Court out, applies them, and moves the trial into Federal District Court.

The result of this (if the accused does it right) no law suit where the accuser is THE UNITED STATES OF AMERICA or THE STATE OF XXXXXX (WHATEVER), can take the oath, get on the stand, and claim injury. Why not? The Government is only paperwork. It can't get on the stand and attack the accused. Same said any corporation. The Government will never get on the stand. No case.

What this means to the USD is that people can't be found guilty of using Bitcoin or anything else that they want to use as money. As soon as people start using Bitcoin in big scale, there will be no taxation, because even if Government COULD get on the stand, the difficulty in proving who did what with Bitcoin is essentially insurmountable to a knowledgeable accused person.

Ross Ulbricht is an example of a person who did not use his right to require his accuser to get on the stand and state into the record (in a Court of Record) what the harm or damage was. The reason why was because he trusted attorneys. And his attorneys didn't go the route of requiring that injury be shown by the accuser.

The point is, the ability for people to beat Government like this has always been around. Only lately is it becoming public, because Government officials generally wouldn't attack in all kinds of ways they are doing these days. The people didn't have a need to use this info. So, they didn't learn it.

When the people wake up to their strength, there won't be any IRS that can stand against them. When the IRS flops, the USD will flop, because it is all Ponzi, and no Ponzi can stand without a continual influx of money.

If you or anyone wants to see how to put Government down, go here http://recordings.talkshoe.com.s3-website-us-east-1.amazonaws.com/rss127469.xml, start at the bottom, and listen to these Karl Lentz Talkshoes. They are long, and sometimes boring, but they show the way. This same info can be found here http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=127469&cmd=tc.

8)

And that's why the US dollar will survive for at least another hundred years

People are waking up to the reality that the paper they have in their pockets called money is actually worthless and losing value all the time.
As the previous poster said, no government can stop the entire population from choosing their own form of currency to prevent themselves from being used, enslaved and ripped off by the ponsi commonly known as the monetary system.
Just my $0.02 worth...and we all know what that is worth...

Bitcoin might replace dollar or aurpass dollar in the world market but it doesn't mean it will collapse and will just vanish by just a single or double digit years. The USD in circulation all over the world is nothing compared to Bitcoin. Come on guys wake up! We should consider the factors that would inflence it in micro and macro perspective.

Bitcoin users basically say what they want to hear or see, but this is a completely different reality. If you do not see the value in the paper that is confirmed by gold it's a stock of the country at what price you always see in Bitcoin, which really is the air. This is profitable, Well, then it will be when there is no electricity and no Internet

To clarify, the dollar is no longer backed by gold. It is simply backed by the government's promise of its value. Now, what Tradesinc said is not really true. While the dollar is losing value, that is the effect of an inflationary currency and it is definitely not worthless. The backing of the government gives it a value that, as you all may notice, most everyone acknowledges. If it weren't so, then it would actually be worthless. Same goes for bitcoin being backed by its decentralization and the value people place on it.

Yes, it's almost impossible. Even after the war, the dollar may remain to exist perhaps only there will not be such a high rate compared to other currencies.

At the moment, the dollar is invincible. Even in the event of war with the dollar will be nothing. Let me remind you that the Americans are so smart, never fighting on its territory. The situation with North Korea once again proves it. Kim will never be able to make missiles that can reach America. He will be destroyed in advance.

Trader: "It's Going To Zero" (http://www.freedomsphoenix.com/News/217824-2017-05-10-trader-its-going-to-zero.htm)


https://www.freedomsphoenix.com/Uploads/Graphics/533-0510091304-Unknown.png (http://www.freedomsphoenix.com/News/217824-2017-05-10-trader-its-going-to-zero.htm)




Read more at http://www.zerohedge.com/news/2017-05-09/trader-its-going-zero.


 8)

Predicting WHEN it will collapse is like guessing which snowflake causes an avalanche. However, the collapse is pretty much inevitable, unless the global financial elite start taking seriously new economic models based on complexity theory and act quickly to reduce the centralisation of power and wealth.

The US Dollar will only collapse if and when the US economy collapses and it doesnt seem that its going to happen anytime soon, Their economy is buoyed on the spendings of the citizens of the great country, so if the people dont spend their money on things especially things they dont need, the economy shrinks.

It's going to take more than 8 years IMO. You should have made the poll bigger and include dates like 10, 20, 30 years. Note that what used to be worth $1  100 years ago is now worth $10, so the inflation is high, but not yet unbearable. Wait until you'll have to pay $100 for a pack of cigarettes and you'll actually start feeling and hating the inflation.

Dollar Bills are a very strong currency it may only collapse if a disaster may happen in the economy of US. I would say it will last maybe 30 more years from now, the value will shrink till then. But as of now it is not even close to shrinking its currency.

Why there is no option for ">100 years"? Because I think that the United States Dollar is going to survive that long. You need to remember that the USD has remained as the world reserve currency for the past many decades. Also, it is the preferred currency for all sorts of international trade. Also, the USD has remained in this position despite fierce competition from the other currencies, such as the EUR, CNY and JPY.

8 years

I guess it can take 5-7 years. Bitcoin has many benefits and could replace dollar and become a global currency as it is not controlled by any one country's central bank.

I don't agree with your opinion. This is too short a period to overcome such a serious opponent as the U.S. dollar. The whole world economy is built on it. For a dollar you can buy any product anywhere in the world, and what can you buy with bitcoins? No, bitcoin is still too weak.

Well not any time sooner thats for sure.

I guess even whole lifetime won't be enough

Unless the US dollar is gonna kick the bucket on its own, of course. But that's as unlikely. Anyway, to replace fiat, any fiat for that matter, Bitcoin should be more efficient and effective in fulfilling the purpose that money is used to achieve. Simply put, it should offer faster, cheaper and more reliable transactions than fiat. But that's not all. It should be neither deflationary nor volatile as fuck since any of the latter are going to kill the utility of money as a means of exchange (the primary aim and function of money in real life)

Great one, thanks!

A lot can be predicted in relation to the dollar, but one must face the truth and assess the current situation with respect to the most important currency of the world. We understand that all world economies and the world financial system depend on the dollar. Therefore, I very much doubt that someone will give an opportunity to fall to the dollar. It's just that it's never going to happen.

Eat local and natural food and we all evolve consciously so we do not have to die.
 They can keep the dollar pulled over from a complete collapse of sovereign debt so it disappears. China is seeking an alternative, but it will resist their concern to make the dollar collapse.

Civilization rise and fall, give it time. Thought time is what humans lack...

There is NO End for US dollar specially if they already started the one world government in the whole world and that means we only have one currency and that is US Dollar.

Never is a very long time. So far history has shown that all cultures and systems that have risen have at some point fallen, but for practical purposes, I think you are correct - it would be pretty incredible to assume the fall of the US dollar (at least in the short run - ie. the next couple of decades) is some form of inevitability.

BTC does not have to replace USD for it to succeed.....

Perhaps good question is what block hashing algorithm will next US Dollar based on?  :)

Probably never but if I had to throw a arbitrary guess I would say 25 years. Around the time when bitcoin stops printing and people realize hey we can just use bitcoin from here

on out. That will be a sick day if ever happens!

US Dollar Breakdown: What's Next? (http://www.freedomsphoenix.com/News/225612-2017-09-18-us-dollar-breakdown-whats-next.htm)


https://www.freedomsphoenix.com/Uploads/Graphics/533-0918074811-Unknown.jpg (http://www.freedomsphoenix.com/News/225612-2017-09-18-us-dollar-breakdown-whats-next.htm)




Read more at https://mishtalk.com/2017/09/17/us-dollar-breakdown-whats-next/.


8)

I don't even think 25 years would be enough to outdate the dollar dude. Its pretty much going to be here as long as fiat's around and crypto is still bound tonface more challenges like the one posed by china in the coming days so the dollar and the fiat system, since it's controlled by the government will be protected

I don't think that it is going to happen anytime soon. All of the American federal debt (worth around $20 trillion) is denominated in the US Dollar. So is the sovereign debts of many other nations. The USD remains as the dominant currency for international trade, despite attempts by its rivals such as EUR, GBP and CNY to dislodge it from that position.

Usdollara in like bitcoin that is tangable, i dont think that this will end and most likely thinking that it will be more valued than other paper cash

US dollar which in paper type may be end at 2050 but as US coin will not end

You do know that if the US dollar falls then it would mean the the whole of the United States of america have been almost drowned in recession. Also you do know that if the US dollar falls every country in the world will fall. No country would benefit from it. United states have investments, holdings and everything on every other cohntry and once it falls we all fall down

It is not going to end. But what about a scenario in which it gets devalued? Remember what Ben Bernanke did when he was the Chairman of the United States Federal Reserve? He printed out bank notes like crazy and as a result the exchange rate of the United States Dollar plummeted against the Great Britain Pound (GBP) and the Euro.

i fell usDollar will live long like 20 years

But that didn't affect the inflation rates in the US

Though that's what ultimately counts. In other words, the US dollar didn't in fact get devalued, it's only the exchange rate of the dollar which had dropped. The aeroplane money didn't enter the real economy, and thus prices had been left intact. All this new money went directly to bond, stock, and currency markets, which made stocks soar while the dollar value plummet against the major fiat currencies (like the British pound and the Euro)

they cant just put or replace another currency use as money of the US it is written in the constitution unless the legislators will pass a law that will change the national currency of the usd.

Maybe when the US president do something outrageous that makes people/countries don't want to be involved with USA. It's not going to be possible because US is strong.

Until world war 3 I don't think US dollar will lose it's  position.

I voted 8 years but I think atleast another 20-50 years.

USDollar will never end you can sat it will end as paper money but as effect no

I agree. Even if the paper currency collapses, it will not disappear completely, but will complement the digital currency. Now there are many places where you can pay off only with paper money of your country and it is not profitable to completely destroy it.

US dollar will not go away or delisted from fiat currency but it is possible to lower the value in world bank because Yen makes more stronger its value than US dollar..now Yen are using around the globe likes chinas product we all know that no one place in this world is not using chinas made products.

US government has a huge debt with China actually it equivalent to the price of american soil or teritory for them to pay this debt.
This is one of the reason why US dollar is not strong currency compared to yen.

Not sure it will ever end, but I reckon more people will transfer into crypto

Yes. In the short term, it didn't had much effect. But how can you be sure that the money will remain in stocks and bonds? Sooner or later, someone is going to sell these stocks for fiat cash. And this will result in an over-supply of fiat cash in the United States economy.

I do not agree with you. I think that the dollar for a long time was fixed as a strong currency. In any country of the world, except North Korea, people try to keep their savings in dollars.

really once the US dollar will never die,
and China is very smart they can mambuat a variety of interesting products and in the interest of various countries in the world,
this is why the yen is in juxtaposed with the US dollar
all this because China's largest source of income is in products that are expended to various countries that make the yen price becomes very strong

Since you are interested for the ending of us dollar, why not to try this one.

MorningStar Payment Systems aims to end the current banking institutions that have a government-granted monopoly on the creation of money and credit.  Federal Reserve Notes are paper promises backed by nothing of intrinsic value and they are only functioning as money because the government forces them on the public through legal tender laws.  Federal Reserve Notes are referred to as dollars but are not.  The definition of a dollar is a weight of silver (371 grains). To put it simply, the Fed is a group of banks running a national counterfeiting operation with the protection of the government.  With MorningStar’s “finite”, decentralized, secure ledger system, we can begin making positive monetary change.  The power of money creation is given back to the people where it should have been all along.

Here is the link, looks interesting right?

https://bitcointalk.org/index.php?topic=2150377.0

The dollar has long been weak and sick. But it continues to exist. It is supported artificially. It seems to me that for a long time this will not continue and soon we will see the fall of the Empire. And then China will become a leader

it will coexist for many years...but it will loose its place to digital currency eventually

the USD is the world reserve currency. Something that no other currency that I know of ever accomplished.

The USD was created in 1913, or was it ~1933 with the gold confiscation, or was it 1965 with the end of silver coins, or 1971 with the final end of the gold standard for foreigners? Now the USD is an oil backed currency. So looking at it from the final end of the gold standard it is only 46 years old.

It is ultimately destined to fail and cracks are already seen in its armor. All fiat currencies have failed throughout history, this one will be no different.

don't wait for end of the dollars bro....... it will never come.... bt we can say  transaction will end when human lives end.

USDollar will exist forever. The world economy can not work without it.

50 years I think

The dollar will remain a long time.. so 8y+ ;)

I think, thatnwill never happen, I mean dollar? Going to an end? I guess its gonna go untill the end. What I think will happen is that dollar and cryptocurrencies are gonna go side by side and will make our world a better place to live in. So I think dollar is gonna stay together and work with cryptocurrencies.