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Title: What would happen if BTC was the main economic currency and yet.. Post by: TaunSew on October 01, 2014, 09:40:34 AM It lost 2/3rd of its' value within a year like what happened in 2014? Imagine if everybody lost 2/3rd of their purchasing power? What would the economic results of this be?
Title: Re: What would happen if BTC was the main economic currency and yet.. Post by: Elwar on October 01, 2014, 10:17:15 AM It lost 2/3rd of its' value within a year like what happened in 2014? Imagine if everybody lost 2/3rd of their purchasing power? What would the economic results of this be? If BTC was the main economic currency, it would not be volatile. A whale with $10 million might be able to move the price by a penny. Title: Re: What would happen if BTC was the main economic currency and yet.. Post by: L3nz on October 01, 2014, 10:30:31 AM The Fed would do anything so this shouldn't happen.
And if it already happened, they would try to stabilize it. Title: Re: What would happen if BTC was the main economic currency and yet.. Post by: ikydesu on October 01, 2014, 10:39:20 AM I think, this world will be a virtual world.
Title: Re: What would happen if BTC was the main economic currency and yet.. Post by: Jamie_Boulder on October 01, 2014, 12:13:44 PM It lost 2/3rd of its' value within a year like what happened in 2014? Imagine if everybody lost 2/3rd of their purchasing power? What would the economic results of this be? If BTC was the main economic currency, it would not be volatile. A whale with $10 million might be able to move the price by a penny. This is like saying what if USD lost 2/3rd of it's value within a year, something this big doesn't move that fast. Title: Re: What would happen if BTC was the main economic currency and yet.. Post by: Beliathon on October 01, 2014, 12:27:40 PM It lost 2/3rd of its' value within a year like what happened in 2014? Imagine if everybody lost 2/3rd of their purchasing power? What would the economic results of this be? If BTC was the main economic currency, it would not be volatile. https://www.youtube.com/watch?v=dr4y9vBApz0 Title: Re: What would happen if BTC was the main economic currency and yet.. Post by: Asrael999 on October 01, 2014, 12:36:39 PM The world economy would collapse as the transaction speed and volume potential (ie number per block) are not yet big enough to support the global economy.
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