What if All other Money Systems Fail do to Fiat Paper

Azure Maiden (OP)

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What if All other Money Systems Fail do to Fiat Paper

July 16, 2011, 03:57:05 PM

And the whole world turns to Bitcoins instead?

Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.

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macharborguy

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Re: What if All other Money Systems Fail do to Fiat Paper

July 16, 2011, 05:57:09 PM

What if Santa Claus was real.

In all seriousness, it would never happen. Modern currencies are far too ingrained to disappear anytime soon, and most likely by the time that happened all of the BitCoins would be fully mined, and we'd probably be dead.

Azure Maiden (OP)

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Re: What if All other Money Systems Fail do to Fiat Paper

July 16, 2011, 08:01:02 PM

Quote from: macharborguy on July 16, 2011, 05:57:09 PM

Yes, but I'm sure people don't enjoy the inflation that's caused by having worthless paper as money. If the amount of Bitcoins are really limited they would be a much better currency inflation-wise

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