dank (OP)
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Activity: 1134
Merit: 1002
You cannot kill love
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November 16, 2013, 02:39:45 AM |
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Just choose what you feel.
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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lucaspm98
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November 16, 2013, 02:45:31 AM |
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Im thinking around 10 years, maybe less, maybe more. Hard to tell because it depends on how the US government handles the current situations and how many and the quality of the alternatives that form as replacements.
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Johanna
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November 16, 2013, 03:03:38 AM |
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Never, USD is a strong currency....
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MysteryMiner
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Activity: 1470
Merit: 1029
Show middle finger to system and then destroy it!
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November 16, 2013, 03:03:59 AM |
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Government issued currency including dollar is not going away in foreseeable future. Just like paper fiat complemented coins Bitcoin will complement coins and paper money. But Bitcoin is better and will force gold standard to return.
My answer - dollar is not going away anytime soon. Yes the economics can collapse and dollar can get devalued like ruble did but it still is a dollar.
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bc1q59y5jp2rrwgxuekc8kjk6s8k2es73uawprre4j
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Sindelar1938
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November 16, 2013, 03:07:44 AM |
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Not anytime soon
At least another 15 to 20 years in its present form..
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lucaspm98
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November 16, 2013, 03:09:30 AM |
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I think we need some longer options in the poll...
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Mike Christ
aka snapsunny
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Activity: 1078
Merit: 1003
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November 16, 2013, 03:15:30 AM |
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Never, USD is a strong currency....
Enjoy. |
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beetcoin
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November 16, 2013, 04:43:03 AM |
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i don't know but our economy is currently going through a liquidity trap.. oddly enough, the value of our currency is only inflating at 2%. it's bad news because it reflects low confidence from the private sector.. and it seems like a viscous cycle. no one is willing to invest because they don't think the economy is going to improve.. and part of that reason is because our fed just continues pumping federal note after federal note.
i just learned about all of this, and i'm in no way an expert.. but to my novice eyes, printing out A LOT of money and having your currency not "inflate enough" (ie: people taking out loans) just ends up pulling a slingshot back farther and farther.. for one explosive event.
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Spendulus
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Activity: 2898
Merit: 1386
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November 16, 2013, 05:02:53 AM |
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i don't know but our economy is currently going through a liquidity trap.. oddly enough, the value of our currency is only inflating at 2%. it's bad news because it reflects low confidence from the private sector.. and it seems like a viscous cycle. no one is willing to invest because they don't think the economy is going to improve.. and part of that reason is because our fed just continues pumping federal note after federal note.
i just learned about all of this, and i'm in no way an expert.. but to my novice eyes, printing out A LOT of money and having your currency not "inflate enough" (ie: people taking out loans) just ends up pulling a slingshot back farther and farther.. for one explosive event.
Yeah, in the technical economic lingo this is called 'latent inflation'. The effect of printed money is always delayed. The 'stable case' is where economic growth more or less matches pace with the rate of printing. That we never will return to. |
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BitcoinBarrel
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Activity: 1961
Merit: 1020
Fill Your Barrel with Bitcoins!
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November 16, 2013, 07:55:43 AM |
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It's really not much different than Bitcoin other than the lack of auditing and privacy protection. The value in the US Dollar comes from the ease of use and infrastructure behind it. Just as Bitcoins are "created out of thin air" from mining and processing transactions.
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beetcoin
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November 16, 2013, 08:01:38 AM |
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It's really not much different than Bitcoin other than the lack of auditing and privacy protection. The value in the US Dollar comes from the ease of use and infrastructure behind it. Just as Bitcoins are "created out of thin air" from mining and processing transactions.
are you saying that bitcoin is not that much different from USD other than the lack of auditing and privacy protection? how do paper notes lack privacy protection? and only a finite number of BTC can be created, at least in theory.. the USD can, and it is debased by the day.. it has no store of value. that's a monumental difference. |
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Feneusens
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November 16, 2013, 08:29:43 AM |
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The government need to stop increasing the debts ceiling and problem solved..
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tkbx
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November 16, 2013, 01:56:40 PM |
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Senatorial election in about a year. After that, the federal government has 2 years to do as it wishes without any risk of personnel change. I'm going to say we've got a year until everything collapses.
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tkbx
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November 16, 2013, 01:59:20 PM |
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Never, USD is a strong currency....
The only reason it doesn't collapse is because they continue printing billions every month. As soon as they stop, it collapses, if not before. |
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Ecurb123
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November 16, 2013, 02:00:13 PM |
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I think you should have extended the poll with more years, I believe the USD will be around for about 20 more years.
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Nik1ab
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November 16, 2013, 03:10:34 PM |
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Never, USD is a strong currency....
Enjoy.Mike Maloney +1 Had already seen it. |
No signature ad here, because their conditions have become annoying.
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cdtc
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November 16, 2013, 05:33:14 PM |
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6 or 7 years.
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NUFCrichard
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Activity: 1218
Merit: 1003
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November 16, 2013, 05:47:53 PM |
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The yen is still going on and is relatively ok. It must be at least. 10 years ahead of the us on the "we like to destroy our own economy" scale. When they go down it might accelerate things for America though, so I will guess 5 years.
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OC19850520
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November 16, 2013, 05:51:02 PM |
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Never
Dollar cant collapse, just inflate.
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ErisDiscordia
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Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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November 16, 2013, 06:05:34 PM |
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It could be any day now. These sort of things tend to come quite unexpected. But any day could be a day far in the future, too. So I have no clue. Picked 5 years, because.
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It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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Poll
