2013-11-22 Dailyreckoning: Bitcoin Could Destroy the Dollar

[David M]

http://www.dailyreckoning.com.au/bitcoin-could-destroy-the-dollar/2013/11/21/

[Akka]

That's the plan, isn't it?

[Birdy]

That's the plan, isn't it?

I think the plan is more on the line of "Bitcoin could offer a good replacement before the dollar collapses".

[Akka]

That's the plan, isn't it?

I think the plan is more on the line of "Bitcoin could offer a good replacement before the dollar collapses".

Sorry forgot the  

That wasn't serious.

[IYFTech]

YAY!! 

I think the dollar is doing a fine job of screwing itself up on it's own thanks to Ben & Co. - Bitcoin is just the straw that broke the camels back.

Nice.....

[solex]

That's the plan, isn't it?

I think the plan is more on the line of "Bitcoin could offer a good replacement before the dollar collapses".

The plan is more like "lets get a sound monetary system to remove all the distortions in the world economy: which is everything from trade imbalances, peak debt, centrally manipulated interest rates etc etc."  in the meantime the dollar might be collateral damage.

[lumierre]

The plan is to destroy the largest ponzi scheme of fiat currency in history. When no country wants dollars anymore, it will collapse just like a pyramid scam.

[exstasie]

If it get's destroyed there's no one to blame but those who control and influence the the dollar.  There's reason why BTC should take over actually currency, as long as the current payment plans actually pay attention to whats going on make it more accessible and cheaper for people to use actual money.

BTC provides competition, and the payment plans who deal in actual currency need to see the benefits that BTC provides so hopefully it'll make some improvements across the board.