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Author Topic: What if?  (Read 566 times)
Evolvex
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September 15, 2012, 03:49:04 AM
 #1

I'm really not an economics person, so a bit of a economics question, can anyone confirm which is right,


Say I owned 10btc today at £7.30 today, and fiat crashed next week, would that make my btc worth £7,000,000 (for example) if everyone moved over to it to get rid of there dead fiat money, I still wouldnt be "rich" though would i? ie in a post fiat era 10btc would buy me the same amount of services as £73 would of done in a fiat era because of inflation? (am i using the correct term there?).

Or would I be stinking rich because all the late comers would of have to pay £700,000 per 1BTC?...

I'm asking for both social and financial gain reasons - so would be good to hear not just in monetary terms.


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September 15, 2012, 03:54:10 AM
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something in between

a lot of the stackers of physical silver are banking on harvesting an "overshoot" in the panic, same thing could happen with BTC.

Trick is not to trade for a fiat that then becomes absolutely worthless

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
Evolvex
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September 15, 2012, 05:21:48 AM
 #3

something in between

a lot of the stackers of physical silver are banking on harvesting an "overshoot" in the panic, same thing could happen with BTC.

Trick is not to trade for a fiat that then becomes absolutely worthless

I have no idea what any of that meant :s - stackers? harvesting an overshoot?

you mean people are hoarding silver to harvest fiat in an overshoot of trading in the panic when it all goes wrong?
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September 15, 2012, 05:24:00 AM
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something in between

a lot of the stackers of physical silver are banking on harvesting an "overshoot" in the panic, same thing could happen with BTC.

Trick is not to trade for a fiat that then becomes absolutely worthless

I have no idea what any of that meant :s - stackers? harvesting an overshoot?

you mean people are hoarding silver to harvest fiat in an overshoot of trading in the panic when it all goes wrong?

I think I get you now actually Smiley - god its complex this currency lark when you start to look at it, interesting tho, certainly interesting.
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