Bitcoin Forum

British economy was relied long on nigerian kind of countries the emerging markets called ones.

The british pound has no backer if they open economy
The scam will be revealed its not scam its just money.
Now if the british want to fix their problems they must act fast find solution for pound sterling asap
If not they will need declare martial for what ever reason
Amd will be covid 19 covid 20 or what ever ..covid 21,22

It was meant to be smooth process to open eco
But things went wrong , they cam do another round of
Nigerian QE of Imf but the question is will this money will arrive soon asap in to uk ?

I heared that temporary money could be bitcoin until they find solution ....
They might stop all the overseas transactions temporary to make sure there is balanced usa amd eur currency.

They can only leave open australia transactions ....well lert see lers see interesting to c wht they gona do amd how they fix it fast enough

Based on the problems faced by the UK at this time, the possibility of a decline in the pound will be closer, if the UK does not get out of the Covid 19 zone, in fact there are still many countries out there that are taking firm policies so that the government immediately implements economic improvements by channeling their funds into bitcoin. not only that, the British should try to accept dollars or euros for a while, even if it is very difficult. so that gradually Covid 19 is realized little by little.

The problem is not just covid the problem are out of the world markets basecly pound has no value against other currencies such us. Eur and USD

The fixing ... 1' use crypto.( if it happens the current crypto holders will be rich to sell crypto uk people)
2' get IMF to give money aid to nigeria and other emerging market zones.
3' borrow from europe or from usa

Most likely britain have to jump in crypto fully 100%
This only way to maintancew amd keep the healthy liqutity without  out balance the forex trading.

Experts belive tht uk will go in blockchain

It is clear you don't have a clue what you are talking about but enjoy making grand assumptions.

"The british pound has no backer if they open economy"

What does that even mean? The UK economy has one of the most globalized and open economies of the world already.

"If not they will need declare martial for what ever reason"

Maybe "martial (law)" is regularly invoked in your country, but in most developed countries it is far from normal and only used in very short term temporary situations. Again, the country is pretty stable and doesn't have a tendency to crumble under pressure, even if they do make some stupid decisions occasionally under poor leadership from politicians.

It's almost comical how misinformed you are in your quest to push forward cryptocurrency. Pound sterling might very well crash, but there will currently be almost zero desire to ever convert to such a system by the majority of the population. You should really learn more about a country before projecting your naive views on to it.

Ok if you give me british pounds...what do i get for that ?

You give me canadian dollars i get oil ;)
You give me the russian rubles i get oil...
You give me the usa dollars im debt owner of biggest economic zone and i get good liqutity with china and good with crypto...and i can buy oil.

U give me the eur currency and i get crypto amd gas and all other good things ....


So give me pounds...what do i really get in return ?
Nothing ' do you see now ?

The Pound already lost nearly half of its value against the Dollar and considering that the Dollar is in a huge mess already that's kinda double shitty situation.

The great reset is going to happen but what's going to replace FIAT?

Do you think it will be Bitcoin? Do you really believe everybody will agree on that? I don't think so.

What about Gold? People would like a gold based economy but that's what the governments can't have because they already left the road years ago.

It is probably better to own land, some gold, the ability to create fresh water, some farm animals and guns&ammo to defend these. Anything else is a dead end.

The people in the world who seen tgings done things amd knows economy they telling amd explaining tgings simple
Only in university you have to learn useless crap.

The problem with pound.sterling is simple as its stated b4 here  the pound has no backing .

Why dont people of uk dont ask right questions ?

U can hold lamd gold amd all of them amd coomodiets oil gas things like that it only helps when you have enough for the export british have zero oil zero gas


Ou but british have gold the gold will only have value if the dollar value are low !
Gold is risk asset amd gold is not with limited supply
So its useless and it works only if you you are british amd need hedge to protect your wealth .....

Everybody knows now how the things are everybody talking openly so

But british stable coin could be solution. Becouse it will give instant liqutity but it can only if british will do QE

well the british might borrow money from outside....
With quite high rate ....how they back well foreign investors will invest in uk to build factories there .

This is not just a problem peculiar of the UK or Nigeria or a handful of other countries, if we call this a problem. This is the reality in terms of the fiat currency all over the world, or in 99% of countries. This is in general a problem with the current fiat monetary system. We have long departed from the use of precious metals as money and of fiat backed by gold. Since then, we're just having paper bills and metal coins which are valuable only because the government's laws say so.

The Brits kinda shot themselves in the foot with Brexit,but who cares.I'm not from the UK and I don't plan to live and work there,the salaries are good,but the costs of living and rentals are very high.
I don't really believe that the British pound will become totally worthless after the recession.
There will be some devaluation for sure,but lowering the value of the British pound might boost the UK export of goods and services and decrease the import of goods inside the UK,so at the end of the day,the UK economy will be fine.

GBP/USD was 2.00 in 2007. They lost ~35-40% of their currency's value against the Dollar which is a pretty big loss for any developed country. Mind that, this happened during the massive USD QE.

Not looking good.

They are probably doing this on purpose though. They are trying to stay in the game by lowering their currency's value otherwise their export products will be too expensive. This is the only way to survive now.

I recently read news about "50 billion pounds lost". This indicates that the government is printing more banknotes, and the worse is that these funds have been removed and if they are pumped into the market, the value of the pound will drop dramatically.
I do not think that Britain is in the process of switching to cryptocurrencies, perhaps thinking of creating a central digital currency similar to the Chinese digital yuan, many countries have begun to create their own digital currency, governments do not accept the use of bitcoin or cryptocurrencies because they are decentralized and cannot control them, so I think digital currencies It will be the replacement for Fiat.

What is the theory behind this post? I dont get it exactly. Are you suggesting that UK does not have basic roots to maintain it's own economy in the long run? I mean that would be really unrealastic to say at first glance. United Kingdom is highly developed one and it posses almost 3.3% GDP of world's economic portion. Just imagine it's huge and it's in trillions of pounds.

That kingdom can survive without working for decade.[Just a imagination] It's small and rarely populated kingdom. Most of it's market is modest and developed with outmost advance fashion. It would unreal to say that they are dependent on the African stuff. That doesnt make sense really.

The US dollar is weak, so it is possible that we will not witness a price drop, which leads to the pound being good or higher, especially with the news of the breach in the Brexit agreement.

All governments are witnessing a massive printing of money that will affect many companies and individuals. Many companies are pressuring governments by trying to move part of the liquidity outside the country or buy bitcoin.

The release is more vulnerable and they do not have enough financial protection to trigger hyperinflation.

We have a free trade deal with Europe.

We can also do deals with whoever we like now.

I don't see it as a bad place to be.

The world is a bit ruined from Covid.


A phoenix can rise from the flames!

They looted India for 300 years. Karma has started a play!

Indians are quite alright with the looting if you ask me. They would probably let them do that again if the Brits wanted it. Not all nations want to be a world super power.

I see it that covid-19 is the general problem affecting many economies and not only UK. UK is still far better than Nigeria in economy and financial responsibility. The UK economy is less corrupt though they rely on many third world countries for raw materials but they utilize it for there public good, not as Nigeria that the elites embezzle funds meant for public use.

I don't think they will allow it now, in any circumstances! They didn't become super power has not a strong relation with been looted in the past. They are doing quite well, I think.

I was very sceptical towards Britain over the last years due to Brexit. But now there is finally a deal. The pound didn't fully collapse and will likely recover more in 2021. If the new corona virus variant can be analysed quickly and is being countered by the general vaccine than there should be a good recovery next year.

That's why almost all of them want to leave India and live in a western country? India ain't doing well really. The looting still continues. It just changed its form. Westerners used to steal their gold, now Indians are being used as cheap work-force in USA and Indians are still OK with it because they want to leave at all costs.

Nigeria was colonized by British which I think explained the deep bilateral relationship between Nigeria and British but you saying British relied on Nigeria which was said to be in recession is what i don't understand.

Honestly, 90%of all fiat currency are backed by the government whilst US dollar is backed oil and gas. They are all scammer, they know the solution but ignore it by printing excess currency.

I am concerned about the new strain of Covid19 detected in the UK and what could happen to its economy.
The most vulnerable people are the most affected and the authorities have also said that the virus spreads faster.

My doctor had already warned me of this new virus and forbade me to leave the house as much as possible.
I just want us to have faith in God and stay safe. As long as we maintain social distancing it is better.

In London there are special programs for people with liquidity problems, ideally they make an application.

https://www.london.gov.uk/coronavirus (https://www.london.gov.uk/coronavirus)

Not only the British but many countries in the world have been affected by the outbreak of corona virus and corona virus has become a major problem. So far no vaccines have been discovered and all of them are trying to develop resistance to the existing virus. The vaccine will protect the immune system from attacking different parts of the virus. And so if some part of it is changing the virus, due to which the vaccine is not fully effective and the virus then continues to infect people.

British country is one of the rich countries in western side. They had a good economy and I do not know why OP had only stipulating about relying on other country like Nigeria. Nigeria is a developing country hence, high chance that with the help of other country they could go for more economical growth and probably can surpass other countries as well.

Gold does have a limited supply, although not in the same way Bitcoin has. Oil and gas are commodities which are on the decline with the awareness of global warming and the carbon footprint of such fuels they will become less and less popular, production ultimately being limited to practically zero. I am an avid supporter of Crypto, I’ve been  mining on and off since 2015, and I cannot yet see adoption and trust sufficient enough for an entire country population to accept it.

I agree with you. One more thing we shouldn't forget about Britian is the knowledge and education factor. There are a lot of top notch universities in UK, producing some of the finest professors and students in the world. A lot of people from around the world want to study in the UK. With so much knowledge there will always be a big impact on the economy.

All this new mutation and all that will be a bygone era product very soon. Just because it mutated doesn't mean we will never figure out a way to fix this, hell even without a vaccination eventually humanity will die in such numbers and everyone will have it in such big amounts that at one point there will be almost nobody that never had covid, which means all we need is time and not anything else, with enough time we are going to die in millions and will overcome this.

What we are trying to do right now (obviously) is to prevent millions of people from dying, that way we could potentially have vaccinations and get better. All these mutations will be under the care of those vaccinations, do you really think that a vaccination that heals covid (more like prevents you from getting too sick from covid) will be absolutely zero impact on mutated version? Of course not.