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Author Topic: Which country looses the most when Bitcoin becomes the Currency of Planet Earth  (Read 4378 times)
brendanjhwu
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June 26, 2015, 05:45:40 AM
 #21

Any country without ease of access to the internet. Bitcoin will NEVER become a currency(not crypto currency) of anything. It's all virtual.
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June 26, 2015, 07:16:11 AM
 #22

Why does a country have to lose? IF a country loses, it's people lose too. That doesn't allow those people to have much prosperity or wealth to then divert to Bitcoin as an alternative, right?

If Bitcoin becomes the currency of the world it'll be corrupted and manipulated as much as all other currencies are corrupted or manipulated combined!

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June 26, 2015, 07:26:04 AM
 #23

I don't think there will be any ... Bitcoin can't become the currency of planet earth between one night and another , it takes time and as soon as those haters see that bitcoin is spreading , they will switch to it because all they care about is money and nothing else and they can't afford losing money obviously .

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June 26, 2015, 01:34:40 PM
 #24

Obviously the country with the strongest currency that can, to certain degree influence and manipulate the money market. I don't think I need to go on further about this, as you would have probably got the idea. Oh yeah, and also the countries where their currency becomes the world's reserve currencies.

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June 27, 2015, 01:16:05 PM
 #25

USA in its current incartion will lose most, because the dollar is used for saving all over the place.

But don't forget that all countries will win, because bitcoin is sound money.

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June 27, 2015, 02:43:01 PM
 #26

Why does a country have to lose? IF a country loses, it's people lose too. That doesn't allow those people to have much prosperity or wealth to then divert to Bitcoin as an alternative, right?

If Bitcoin becomes the currency of the world it'll be corrupted and manipulated as much as all other currencies are corrupted or manipulated combined!

I think bitcoin will never be the currency of this world because there will be too much polemic around this bitcoin. But lets say that bitcoin become the

currency? What will the government do? I dont think they have enough power to control all of bitcoin, because there are some people hold a quite good

amount of bitcoin. I dont think they will let it go just like that to pay taxes
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June 27, 2015, 04:59:20 PM
 #27

USA in its current incartion will lose most, because the dollar is used for saving all over the place.

But don't forget that all countries will win, because bitcoin is sound money.

Obviously the country with the strongest currency that can, to certain degree influence and manipulate the money market. I don't think I need to go on further about this, as you would have probably got the idea. Oh yeah, and also the countries where their currency becomes the world's reserve currencies.

Yes I agree

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June 27, 2015, 05:00:24 PM
 #28

Who controls world economy? USA. (US Dollar)
And they'll loose. (I mean USA's government not people).


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June 27, 2015, 05:11:53 PM
 #29

Well it would not hurt the USA as it not going to happen.

Frankly  it would be an impossibility.

 Most likely it will be a commodity like gold, silver or platinum.


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June 27, 2015, 05:48:20 PM
 #30

The Americans will be devastated, if Bitcoin becomes the currency of planet earth. If that happens, how they are going to sell their debt? The United States treasury bonds will lose all their value, and the Americans will be forced to reduce government spending. And in turn, this will slow down the American war machine, thereby saving millions of lives around the world every year.

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June 27, 2015, 05:49:51 PM
 #31

Which country looses the most when Bitcoin becomes the Currency of Planet Earth?

Additionally what happens to those pesky regulatory/"aiding" bodies, IMF, World Bank, SWIFT.

I have got my presumptions, what's your's?

US will be lost more if bitcoin moon and will be main payment in world, because Us dollar will be down
Bitcoin is limited only 21m and Us dollar can printing everyday without limit
I think not only the US alone, because the average of each country using the same kind of money to the US. so the possibility of the whole country will experience the same thing

Bitcoin is a beautiful currency. It is digital money that solves many of the problems our current currencies suffer from and introduces many other uncertainties we never had to deal with before. If such a currency becomes the currency of planet earth, of course the planet will benefit. But with the replacement of the other currencies, all markets will be affected and all countries might lose some and gain some. Such a scenario seems highly uncertain as of now.
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June 27, 2015, 06:49:58 PM
 #32

wouldnt they loose a lot of money as bitcoin doesnt require any fees?
It is not as fees structures sort of, Look Bitcoin is an open accounting system, it is open trading for everyone and it's work based upon p2p environment, there is very very few transactions charges which counts as buying and selling rates, as if you sell and buy anything, their must be some exchange values and profits, it is trading business not a charitable trust or society, But very very worth compare to other financial institutional banking process.
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June 27, 2015, 07:14:11 PM
 #33

Who controls world economy? USA. (US Dollar)
And they'll loose. (I mean USA's government not people).

Excactly.

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June 27, 2015, 07:15:12 PM
 #34

Well it would not hurt the USA as it not going to happen.

Frankly  it would be an impossibility.

 Most likely it will be a commodity like gold, silver or platinum.


It has not happened, therefore it can not happen. yeah right.

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June 27, 2015, 07:17:20 PM
 #35

The Americans will be devastated, if Bitcoin becomes the currency of planet earth. If that happens, how they are going to sell their debt? The United States treasury bonds will lose all their value, and the Americans will be forced to reduce government spending. And in turn, this will slow down the American war machine, thereby saving millions of lives around the world every year.

The war plane carriers will be stuck somewhere without fuel, the soldiers team up with local women and start producing vegetables for the free market.

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June 27, 2015, 08:08:38 PM
 #36

First off, that will never happen, since there will always be other fiat currencies, that being said, the better question would be;
who would loose the most if/when bitcoin becomes reserve currency? In either case, USD and CNY would suffer the most, since they are,imho, most
spread out and used currently as such, withouth economy prosperous enough to support all the printed/issued money.

cheers

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June 27, 2015, 09:31:28 PM
 #37

To reply to OP's question:
I think that the countries that invested the most into it. Germany and a county in Iceland I think that changed it's name to reflect it's reliance on bitcoin for it's economy.
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June 28, 2015, 07:16:26 AM
 #38

The war plane carriers will be stuck somewhere without fuel, the soldiers team up with local women and start producing vegetables for the free market.

The United States import some 9,220,000 barrels of crude every day, worth some $600 million at current prices. The annual crude bill comes to $219 billion. Right now, they don't have a problem with it, as the trade is conducted almost exclusively in the US Dollar. But imagine what would happen, if the producers demand that they pay with Bitcoin.  Grin

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June 28, 2015, 08:23:30 AM
 #39

Russia  Grin

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June 28, 2015, 10:23:04 AM
 #40

The country with the strongest, the most widespread and the quasi standard of international transactions currency of the world: USA!  Wink

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