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Author Topic: pros and cons of bitcoin vs USD as global currency  (Read 386 times)
Erkallys
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November 29, 2017, 06:15:37 PM
 #21

Bitcoin will develop and help many people become rich, but it will not become a world currency. Its too unstable price does not allow it to be a full currency, and if it is stable, it will lead to loss of interest from investors.   

At the inverse of you, I think it can perfectly become the world currency. Bitcoin is still in its very infancy and price will calm as the time will pass and as Bitcoin will gain in maturity.

Bitcoin will become the international medium of exchanging money over the Internet in the future, I am sure of this.
The_Dark_Knight
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November 30, 2017, 02:29:41 AM
 #22

The pro is obvious: We all would be rich. Anyone holding 1 BTC would have the purchasing power of a millionaire, since 21 million coins is simply too few for any other outcome, considering the insane amounts of wealth out there that would come into the blockchain.

The elite is obviously not going to let this happen, unless the elite can get on Bitcoin and continue being The Elite, not just some big stakeholder. So they will either figure out a way to get in and outstake current Bitcoin elite, or pull a war against Bitcoin.


They are going to try to create their own coins but as we can see many people are not going to accept that, we know what is coming, the old same thing that happens every time we accept fiat from the government, they begin to print a lot more of it and they never decrease the supply, this is why I'm going to support bitcoin to the end since bitcoin has a hard cap that is never going to be removed.
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