Bitcoin Forum

and if you don't know why, i recommend that you watch both of these videos:


http://youtu.be/iYZM58dulPE

http://youtu.be/rQow0Fhua1A

wouldn't bitcoins success over value the USD? when it already is over valued?

AMERICAN GOVERNMENT!, STUBBORN TO CHANGE!
"i want to buy your gulf oil with USD"
"No, I will sell my gulf oil for precious metals"
*gunshot, casualty*
"You will sell me your gulf oil for USD"
"I'll sell you my gulf oil for your precious metals"
*gunshot, casualty*
"You will take our countrys paper money for your oil"
"I uhh, Will trade oil for metal?"
*gunshot, War*

Thats what the fucking gulf war is all about, America's Government getting angry that other countries wouldnt take USD.

Not sure what you mean here. If people started buying Bitcoins more then they'd be selling USD (or other currencies) for them. The less people wanted USD the more you'd have to give to get Bitcoin. Getting rid of your USD is something that makes USD less valuable. The same principle holds for other national currencies. But Bitcoin has a long way to go before it would make an impact - heck, they're already devaluing the USD at a far more alarming rate than any Bitcoin effect.

The important thing is that people have an alternative so that as USD become more worthless, and more irrelevant, all of the smart folk are already happily using their Bitcoins instead. And the same goes for any other national, centrally planned currency.

Imagine a future where the greedy rich banksters are left holding bags of currency that most people no longer want to bother with because most regular folk are already fully functional (and internationally) with each other using Bitcoin. Seems far fetched but stranger things have happened.

(crank up film reel of pre-war Germans pushing wheelbarrows of cash to the grocer)

http://www.youtube.com/watch?feature=endscreen&NR=1&v=lsmbWBpnCNk

i only watched half of the first video and started to think.

hmm if we were heading towards another 1920's event then could we soon see this in shop windows
http://i45.tinypic.com/34rxedd.jpg

featured at 27:56 in the first video.

where people would also trade bitcoins, vodka, guitars, and favours to each other instead of paper money.

A USD to bitcoin trade requires both USD and bitcoin. While an exchange that requires USD is good for USD, if subsequent transactions are conducted in bitcoin to the exclusion of USD, then USD will be less in demand relative to bitcoin. Keep in mind one bitcoin is now worth more than $12 USD.

we could go to BTC 0.00000001 = $ 1,00 who knows...

in trade yes we need other fiat currency, but some day all you need is BTC  ;)

sooner or later..

This still holds true today:

http://youtu.be/rQow0Fhua1A

Exactly.

http://www.youtube.com/watch?v=d0nERTFo-Sk

Wow...looks to me you don't realize there's also Europe and Asia. How about you come back to Earth and open a book on geography. You seem to have skipped first grade.

+1 Maybe, widespread adoption of B or a successor crypto-currency would accomplish what Ron Paul and such have been trying to do by returning to the Au standard, and the government would be hard-pressed to stop it, the way they can now and did in the 1930's with Au.

However, some here disagree, as we know from that Bitcoin as a Keynesian tool thread, for example.

It will be interesting what Time will tell... 

How about you contribute something constructive to the conversation instead of dumping condescension and snark?

Thanks.

My response:
https://bitcointalk.org/index.php?topic=127895.0

I don't think he's referring to decent people like you. I think your interlocutor is talking about the sociopaths who rule you.

OK, I shall edit my post~, I loved your attitude towards my post, thankyou for you kind and thoughtful comment.

*eats a snowcone* I like stereotypes, they exsist to a point, just like racsism IE something like Asians are average better at math, And that the average black male shlong is bigger than the white mans, Those are good stereotypes and racist things.

"asains are bad drivers, redheads have no souls" Those are horrible

Protip: "america" is not the world.

I like this one: http://mises.org/Books/mysteryofbanking.pdf