Amph
Legendary
 Offline
Activity: 3248
Merit: 1070
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December 31, 2015, 12:27:24 PM |
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Dollar will sooner or later be useless because of US Debt reaching almost 60trillion dollar.
Hyperinflation will happen if that debt isn't paid (which almost impossible)
that debt is actually woth anything, it's an illusion like the whole infaltion, they are artificially making it, because they know they can always repay it with more debt and so on a perfect cycle where they are the puppeteer |
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HarryKPeters
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December 31, 2015, 04:10:42 PM |
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Dollar will sooner or later be useless because of US Debt reaching almost 60trillion dollar.
Hyperinflation will happen if that debt isn't paid (which almost impossible)
Yeah don't count on it. Most likely they come up with a plan like they usually do, A lot of things can be said about the US being good with plan when saving their curreny is one of them. |
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smith coins
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December 31, 2015, 04:15:49 PM |
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Dollar will sooner or later be useless because of US Debt reaching almost 60trillion dollar.
Hyperinflation will happen if that debt isn't paid (which almost impossible)
Yeah don't count on it. Most likely they come up with a plan like they usually do, A lot of things can be said about the US being good with plan when saving their curreny is one of them. Saying the truth they have may have many hidden strategies like last decades. But every time this happens the value of dollar always decreases just compare last 100 year and there is 5% value of $1 at that time. |
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newcoins1978
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December 31, 2015, 04:29:10 PM |
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With the dollar being so important in the world economy, i can see it will devaluate but never dissapear.
So for bitcon there is a chance if it becomes more stable, to get some of the dollar volume.
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NETFix
Member
Offline
Activity: 70
Merit: 10
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December 31, 2015, 04:30:48 PM |
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USD is a currency of the current time, it's more convenient in regular transactions but electronic currency already started dominating, If you consider how money today (bank accounts and credit cards etc...) are all electronic money in an aspect, Moving from these to BTC is just a single step IMO.
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Sourgummies
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December 31, 2015, 08:19:52 PM |
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Dollar will sooner or later be useless because of US Debt reaching almost 60trillion dollar.
Hyperinflation will happen if that debt isn't paid (which almost impossible)
that debt is actually woth anything, it's an illusion like the whole infaltion, they are artificially making it, because they know they can always repay it with more debt and so on a perfect cycle where they are the puppeteer Right. There is no "debt". It will never be repaid or requested because that would implode the global market. Print more money. Print more money. Not to sound like a conspiracy nut, but the government really does control the economy. Banks are powerful and can request more from the US. Oh well. |
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Bazelak
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January 01, 2016, 08:33:45 PM |
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Dollar will sooner or later be useless because of US Debt reaching almost 60trillion dollar.
Hyperinflation will happen if that debt isn't paid (which almost impossible)
Yeah don't count on it. Most likely they come up with a plan like they usually do, A lot of things can be said about the US being good with plan when saving their curreny is one of them. The US government has the nuclear weapons, they will make sure they do not repay the debt. |
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stromma44
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January 01, 2016, 08:40:37 PM |
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USD is a currency of the current time, it's more convenient in regular transactions but electronic currency already started dominating, If you consider how money today (bank accounts and credit cards etc...) are all electronic money in an aspect, Moving from these to BTC is just a single step IMO.
What you are saying is correct but that single step is not that easy for the people who are not aware about the bitcoins and it will take a long time to take that single step as people have more faith in dollar and credit cards as they are used to and using it since a long time. |
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coinzat
Sr. Member
Offline
Activity: 434
Merit: 250
Young but I'm not that bold
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January 03, 2016, 02:40:37 PM |
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I believe that the dollar system and banknote system will fall soon as dollar is supported by oil market which will end from the earth in the next few decades. dollar value is decreasing by time while bitcoin is a good store of value
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Altynbekova
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January 03, 2016, 07:04:19 PM |
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While bitcoin is mainly a curreny with enables you to proceed with transactions.
The dollar is also used for measuring value to certain assets. For bitcoin to do that, a lot needs to change.
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chokesir
Full Member
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Activity: 196
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
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January 03, 2016, 07:08:47 PM |
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I prefer bitcoin since iI am not in the USA. We have the EURO which is fine for fiat money.
For online money I think bitcoin is the no 1 currency.
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Nameless Coin
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January 03, 2016, 07:53:37 PM |
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While bitcoin is mainly a curreny with enables you to proceed with transactions.
The dollar is also used for measuring value to certain assets. For bitcoin to do that, a lot needs to change.
Correct, this is way we will not see the dollar losing it's position. Way to many systems depend on it. |
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Bazelak
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January 03, 2016, 08:02:01 PM |
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While bitcoin is mainly a curreny with enables you to proceed with transactions.
The dollar is also used for measuring value to certain assets. For bitcoin to do that, a lot needs to change.
Correct, this is way we will not see the dollar losing it's position. Way to many systems depend on it. It will take several decades for bitcoin to replace dollar or some other major currencies. If Bitcoin can coexist with those currencies, it is already a victory for bitcoin. |
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Umworpol
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January 03, 2016, 08:03:36 PM |
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How to vs ..
Bitcoin is Under dollar ...
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HarryKPeters
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January 04, 2016, 02:01:09 AM |
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How to vs ..
Bitcoin is Under dollar ...
This makes no sense.. Under the US dollar in what perspective? Did you know the OP's intention to compare it towards future usage? |
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chennan
Legendary
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Activity: 1316
Merit: 1004
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January 04, 2016, 02:48:11 AM |
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I actually prefer the dollar but I think the dollar is very difficult to get on the internet, and the payment processor is also very difficult to make, so I prefer the manufacture bitcoin wallet very easily and how to find it arguably too easy
I think you're completely wrong... It's extremely easy to get "the dollar on the Internet" with PayPal, money transfers, and that sort of thing. The main argument is the fact of fees that take place during transactions, plus the fact that the dollar and all other fiats are complete shit. Once people start to care about the fact that central banks don't have any place with every day life now and days and have the convenience of Bitcoin acceptance everywhere in stores, you won't find much mainstream adoption. |
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Btcforall
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January 05, 2016, 10:06:36 PM |
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I actually prefer the dollar but I think the dollar is very difficult to get on the internet, and the payment processor is also very difficult to make, so I prefer the manufacture bitcoin wallet very easily and how to find it arguably too easy
Thats right.Earning dollars is not easy online while earning bitcoin is not that difficult but it is the other way round in real world where earning bitcoin is very hard |
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Dux2K
Legendary
Offline
Activity: 1022
Merit: 1000
Blocklancer - Freelance on the Blockchain
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January 05, 2016, 10:15:30 PM |
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Simple short term dollar long term btc
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phreaky
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January 05, 2016, 10:58:00 PM |
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Bitcoin is great since we are innovation, but for daily use you need to depend on fiat.
Be it the dollar, yen or euro.
My favourite is bitcoin, the winner the dollar.
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2legit2
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January 05, 2016, 10:59:01 PM |
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bitcoin is way better as governments can not regulate it
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