Is trust in USD finished?

[wagi]

Every country i think has rule when they can print their paper money.
Its not that easy mate. They should calculate many aspect in economy section before doing it.
It also happen to USD, so that reason is not right as standars.

[jseverson]

Why would you say trust in USD is finished? Fact is, USD is still far more trusted worldwide than Bitcoin. I have no information that pertains to the United States printing cash like no tomorrow, but I'm fairly sure they know what they're doing. The USD has been doing pretty well for months now.

That being said, I trust Bitcoin as well, despite all the FUD. You don't have to be against Bitcoin to trust fiat. They both have their pros.

[Fatanut]

What do you mean? Government cant print az many cash as they want? You need to read more
There are a lot of requirement to create more cash, one of the requirement is gold reserve
So you cant just print cash as you wish

You don't have to be a genius to see that what most countries are doing..
How do they even buy gold? Oh wait by printing more money.

I don't know about the other guy but as long as you are not living in the past, then you are wrong. Gold reserve is a thing of the past. If you haven't read about the Nixon Shock, then I suggest that you go ahead and do a quick search for it. In 1970s, Richard Nixon removed the requirement for gold reserve for people to print money. Nowadays, a lot of countries have tons of debts in major countries so they are left with no choice but to print money continuously. As you might probably notice, literally all of the goods and services (or simply commodities) have a rising price. You can often hear people saying that things are now more expensive than ever but the truth is, it's our money that has a problem. Since there's no more requirement for printing dollars or any other currency, the government can just print as much money as they want and never have to worry about it. And that simple action inflates our money. There's a lot of new money coming in, thus the value of it decreases.

So is the trust for USD finished? I want to say it "should" be finished right after the Nixon Shock but at that time they have no other choice but to continue using it since there was no other alternative for it. Now, we have bitcoins, and it's time for people to wake up to this truth that we shouldn't trust our fiat money as much as we are doing so right now.

[Kakmakr]

The USD will be one of the global reserve currencies of this world, until the fiat system collapse and Bitcoin can scale to handle such a volume of transactions. < not even sure if this is possible anymore > I think most of these governments will be going cashless soon and it will be replaced with private Blockchain technologies.

I think the thing holding them back is scaling and finding the technology that would handle such traffic and also educating the consumers. As soon as scaling is sorted out, more regulation will be passed to pave the way for a cashless society. 

[imamimam1234]

Not finished. Many aspects still using this currency in huge amount in huge business also many country use this currency as a parameter how develop the country is (gdp), dont forget many people only know bitcoin but don't want get involved or using bitcoin,they still believe and have high expectation in usd or other fiat currency. CMIIW

[GreenBits]

Seems a great many schills are trying to create doubt about bitcoin here..

The truth is as we speak the USD is printing currency like no tomorow.

The flat out honest truth is that USD should no longer be a trusted currency.


If deep reflection were to transpire, the USA government and associated currency should be declared a fraud right now as of this minute.

The USD aint printing sht but the US gov is breaking its fucking neck to inject more fiat into the system; there are benevolent and sinister reason for doing this. just like bitcoin, through user error fiat leaves circulation (fires, torn bills, etc). so new bills have to be inserted into the supply to cover the fiat destroyed, or the supply would dwindle and the value would artificially deflate.


govs also actually need to be able to inflate and deflate the supply at will. its important that a gov can keep a handle on its value; the wealth and security of all its citizens rests on this.

but blockchain technology will be the backbone of digital finance. just not all finance.

[SUDARMONO]

this is very good, this is the value of the bitcoin currency that many later on most of the people in this world including me, bitcoin currency is not inedible inflation the price of goods is very profitable to have and to place invest in the future, the currency that never monopolized by a country.

[Opquar]

Bitcoin is absolutely not replacing the USD in the next few decades. The gap of usage between the two is simply insurmountable. The USD is not going anywhere and it is not going to be declared a fraud.

[romero121]

The trust over USD is found, that won't decrease in a short or long as that's the one which governs the economy. Recent days the value of usd has been declining. Just based on that, users might be thinking that USD is finished. Maybe when cryptocurrency becomes more popular the value decrease might continue for a longer time period.

[YuginKadoya]

The trust over USD is found, that won't decrease in a short or long as that's the one which governs the economy. Recent days the value of usd has been declining. Just based on that, users might be thinking that USD is finished. Maybe when cryptocurrency becomes more popular the value decrease might continue for a longer time period.

Yup! Dollar can not be replace by bitcoin for now I really think it is too early to adapt bitcoin and many people that I have talk too doesn't have any idea about bitcoin they think that it is just a thing so you can earn money, there are a lot to discuss about it and knowledge to gain with bitcoin for people to really adapt it, and USD is a well known usable thing for transaction even in other countries USD will not diminish into nothing.

[cah ndablek]

Seems a great many schills are trying to create doubt about bitcoin here..

The truth is as we speak the USD is printing currency like no tomorow.

The flat out honest truth is that USD should no longer be a trusted currency.


If deep reflection were to transpire, the USA government and associated currency should be declared a fraud right now as of this minute.

Let us not panic after such news Because we must be sure that bitcoin will experience a very fast movement every time.So it is necessary to have patience in realizing it.