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Author Topic: Is bitcoin helping the US dollar die?  (Read 849 times)
triforcelink
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June 08, 2011, 09:08:40 PM
 #1

As more and more people start accepting bitcoins, less and less people will be holding dollars causing further inflation since the same dollar supply will be distributed over less and less people.

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June 08, 2011, 10:20:50 PM
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USD doesn't need much help dying, its killing itself just fine and steady, IMHO.

"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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June 08, 2011, 10:36:46 PM
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I hope so. The collapse of the dollar will be devastating, but the sooner it happens the less of an impact it will have. Less damage will be done if we transfer our money into alternative commodities this year, rather than next.

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