There is no need for the dollar to replace bitcoin because the dollar preceded bitcoin and is the dominant force in the world economy. There is nothing that bitcoin is doing that threatens the dollar's dominance or status as an international reserve currency.

I think that's not entirely accurate. They voted to leave because of a strong nationalistic push by UKIP, whose sole issue is having the ability to close their borders to immigrants, which Britain currently can't do because of EU laws prohibiting the restriction of movement. Everything that sprang up around the campaign was obfuscation and political spin to justify leaving, but the primary objective always seemed to revolve around immigration.

1 btc is not likely to make a significant impact long term. With any investment, you have to ask yourself what it is about the investment that is going to make it worth more in the future. When you invest in a business, it is the business becoming more valuable over time and producing more profits that make the initial investment worth more. With bitcoin, which does not itself generate any profit, you have to hope that everyone else is going to think bitcoin is worth more in the future, because that's the only thing that makes the value of bitcoin go up.

Gold has a very long history of being valuable and storing wealth. In today's investment mindset, it is considered a hedge against inflation. Bitcoin is about as opposite as you can get. Bitcoin is a nascent phenomenon, and extremely volatile. It does not have a good track record of maintaining value, and should be regarded as an extremely risky and speculative investment.

Canada might be a less-than-ideal example because it's a proximity issue. Most businesses that are near the US border do accept the USD almost universally. Obviously, Europe is another matter entirely and the USD won't get you very far. Interestingly, there seems to be an inverse correlation between how poor a nation is and how much utility the USD has as a currency in the local market. I would guess that it's because the poorer nations have an unstable currency and the USD is more trusted to store value, and it's high liquidity enables you to move in and out of the local currency easily if you need to.

Putting a VAT on financial transactions might dampen economic activity and suck liquidity out of the financial markets. When liquidity seizes up, you get market crashes and other adverse conditions that harm the economy. I think it would be a bad idea to slap a VAT on loans for this reason.

Some of the people who have money clawed back by Paypal have violated the TOS of their accounts or are otherwise engaged in illegal activities. You can get away with that with bitcoin, but not in the proper financial system. Paypal is a business that has to protect itself from abuse by its users. That's why they have the policies they do.

Of course, my point was only that the number of casinos that have stolen funds is higher than the number of exchanges that have, and now that exchanges are looking to be regulated entities to ensure trust by their customers, they are even more stable. The casino sites mostly operate in the shadows because what they do is blatantly illegal in most of the jurisdictions they operate in. Not only do you have the risk of the operator staying faithful, but the legal risk on top of it.

If you're using leverage in any of the casino sites that offer it, the ROI will not track related to how much is invested. That will create differences for comparison purposes in that the ROI is outsized compared to an investment someplace else that does not permit leveraged investments. At that point, the comparison is no longer apples:apples.

The difference is that Buffet invests in businesses that generate cash and become more valuable because of that. He does not invest in speculative assets, which bitcoin is definitely one of. There is a lot more reason to never sell a legitimate cash-producing asset than there is for a speculative asset like crypto.

It's very subtle; the wording that appears at the bottom of the banner is different.

The type of currency is rather irrelevant. Anything that has widespread value can be used to fund illegal activities, and more, should be expected to be doing so. USD, Euro, Yen, btc, gold, diamonds, drugs, etc. The medium is fungible, criminals will be criminals. The currency doesn't make them so.

Unless you're speculating on gold like you are with bitcoin, buying gold isn't a way to profit. People buy gold to hedge against inflation, which is not profiting when the price of gold goes up, it's just preserving the wealth that was already there. The price of gold goes up due to the dollar going down in value. That's not the same as making a profit.

I am now a legendary member. Please update my status in your records. Thanks.

The streak of bitcoin being "reliable" is extremely short, only a matter of a few months. Prior to the previous halving, bitcoin's entire history was one of extreme volatility and a complete lack of stability. We're still too close to that instability to view the present as anything other than an exception to the rule, not the new normal.

It is not guaranteed that the price will double with every halving. The price is determined by the free market at the equilibrium point of buying and selling, it is not pegged to the number of coins in existence.

The biggest things standing in the way of bitcoin becoming a reserve currency is price stability, store of value, and the ability to scale the number of transactions the network can handle, because it is currently a huge impediment to growth.

If you're predicting the price of bitcoin will either increase or decrease, you can't have less than a 50% chance of getting it right. There's only two possibilities, even if you're trying to get it wrong, it's still a 50% chance you're right.

It's risk:reward. You can earn much higher returns in a ponzi, but ultimately lose your entire investment in a scam. Dealing with a high degree of fraud in everything bitcoin, perhaps people are more comfortable with the lower returns of a more reputable investment than all these casinos that are riskier to send your coins to.

Are you investing the same amount in every site for the purpose of controlling variables, or different amounts?