Bitcoin Forum

If bank errors and so called bank runs happening then crypto is only solution.
Sure cbdc are bigger plan but before the fiat goes to over cbdc kind of currency we will have buffer time.
So crypto as non sovering currency will be only neutral currency accepted thts the plan now.
This time will assure that b4'proper plan those who got crypto can get assets like real estate own hands.
Main crypto accepted and fiat gone for ever thts the plan now when nobody knows but its good to be prepared.
Many of you dont understood that there will be no fiat currency ecisting at all thats the plan.

Its a plan butits always good to b prepared few people here knows specially this btalk admins and friends but they dont talk about but now its not time to hide its time to say out everything how it is all no need to hide nothing anymore

CBDCs might not be a good alternative though. They could mean money can be hastily printed by international corporations and cause a lot of damage to an economy or have the same situation where money can't be printed fast enough to meet demand (or people selling their CBDC for physical cash because it's what they trust and ending up with the similar problem).

CBDCs= fiat 2.0; the more things change, the more they remain the same.  If these central government entities get their way, we will eventually be cashless but with digital toilet paper.  At least fiat 1.0 could be tangibly used to wipe one's ass.

Just so you know there were crypto investors that have already purchased their assets from the profits that they've made from crypto. You're right that everyone should be prepared because we don't know how long this economic downturn will stay.
But as long as you know that you're in the right assets and investments, you're going to be safe from this crisis and your assets are going to make you feel comfortable despite all of these economic worsening.

I doubt about crypto going gone when its all that's left that the government can't confiscate from the people. Its the retiree that is quite a pity when all they were planing was to retire with dollars in mind but its the dollars that is about to retire. Currently the US still can take advantage of printing a lot of USD since its the reserve. But its the inflation that is worrysome for the citizens.

I have seen those doomsday youtube channels. Somehow it can only happen when there will be a time that discontentment will encourage revolt like what is going on in European countries these days. So its starting already like Boris Johnson forced to resign before the people goes on the street. Discontentment will arise when the people in European countries will not be able to buy food due to high prices and supply chain issue is also collapsing. Its not just going to be bread or powered milk that will not reach to the groceries but even the basics like sugar, coffee, toothpastes and the likes.

Bitcoin is a good solution because it is decentralized and has a cap which makes it deflationary. That means CBDCs and anything else that is centralized which includes majority of altcoins are going to have the same fate as fiat not to mention that CBDCs are the same exact thing as fiat.
As the centralized economy collapses, it takes everything centralized down with it.

Also the recent canada atm machines distruptions are good example of the decentralised fiat system is done.
When fiat goes down everything will be priced in crypto your survivel will depend on if you got crypto.

This sounds like a very optimistic opinion, my friend. At least in the short and medium term.
Fiat currencies will not collapse suddenly as it may seem to you, and if this happens, the cryptocurrency system will not be able to compensate for many reasons, the most important of which is that the size of the cryptocurrency market is very small compared to the global market for currencies that contain the most common currencies such as the euro and the dollar, which its gigantic weight may not in itself offset the collapse like the one you describe .

I don't know if what I'm trying to say is what you meant from the analysis Fiat currency don't have to do anything with cryptocurrency falling and the cryptocurrency increasing . Because when Fiat currency for he the only concern decentralized currency not the digital currency and it is based on the economic effect of the country because different countries have different Fiat currency which can be caused through inflation

I can still remember a few years ago... how we as a Bitcoin community... reached out to countries like Greece, when they had a situation where Banks closed their doors. We saw old pensioners breaking down in front of closed Banks and people going crazy in very long queues... because they only had 1 currency (Fiat) to make payments.  ::)

https://www.abc.net.au/news/2015-07-04/crying-greek-pensioner-behind-the-photo/6594984

Did anyone learn from this.... or did they see this happen.... and then simply moved on with their lives?

They want a cashless society but the control should remain. That's the only plan I can think off and nothing more.
Bitcoin and other cryptocurrencies that is decentralized should be left in the dark for they are a threat to that control which they are aiming for.
A good goal for speed of transactions and avoid passing any sickness due to physical cash and coins. But let's not kid ourselves, everything they will do is for their selfish objective.
I am not against the government but I am against the traditional way they manage a country. It's being passed like a legacy.

This is an english board and you know it very well yet you still used slands, or what would i call it, jagons or contracted form? please be guided. that's not withstanding.
Yes crypto would have been the best solution to global finacial crisis but countries will not allow that to happen, even now you can see or hear that most countries in the world ban crypto currencies. Till today I have not figured out the real cause for countries to ban cryptos. https://www.911metallurgist.com/blog/the-cost-to-mine-different-cryptocurrencies-in-every-country Countries have interior motives for the banning but they would something to cover up their real reasons. As for me beacause the governments are corrupt and they have stolen enough money from the country's treasury, so if cypto is accepted as the legal tender, it would affact them. but that not the base, they can convert it.
You are trying to point out the cashless society. The cbdc is a very good plan mostly in British but what causes the delay of implementation is unknown to the ordinary masses. But if the cbdc is implemented full, the fiat bank will be affacted, so the directors of these bank have to influence the government not to implement it. And this happen almost all the countries in the world.