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Author Topic: Fiat currency, safe? I don't think so.  (Read 786 times)
killer2021 (OP)
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June 23, 2011, 11:59:30 AM
 #1
Listen for yourself!

http://www.youtube.com/watch?v=mM3_z2RB3YU
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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June 23, 2011, 12:01:30 PM
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guess what they use to buy bread.

hint: it's not bitcoins.
killer2021 (OP)
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June 23, 2011, 12:02:11 PM
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Quote from: relative on June 23, 2011, 12:01:30 PM
guess what they use to buy bread.

hint: it's not bitcoins.

its gold or barter. However, you have to realize that the Zimbabwe dollar collapsed in 2009 (went to 0). Bitcoin was in its infancy during that time.

When the next hyperinflation occurs in the USA or europe then bitcoin will gain a strong foothold over the currency markets.
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