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Author Topic: The US Dollar has DEBT and Bitcoin has none  (Read 280 times)
KingdomHearts
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September 06, 2018, 08:28:30 AM
 #41

Bitcoin is the Future: Countries that have flawed currencies are turning towards Bitcoin/ Crypto: FACT
FIAT will fail because it went off the gold standard!
FIAT will implode eventually!
The founder of Bitcoin understood this: He was and is a genius!

well its too bold to say fiat is useless and going to fail. I just believe why bitcoin or altcoins is future cause they seems good and could turn out to be a currency for transaction but i believe it would be true cause human live is keep developing and this technology is really good to be use for transaction. Despite all of good reasons there is a real problem with cryptocurrency, crypto are to volatile and too complicated for some people. So i believe many people would stick into fiat currency.
I do not even believe fiats will fail. They have not failed over the years and governments have a way of still pushing it out there. However, with respect to your statement of crypto being volatile, this is still a new space and of course the currency aspect of it is not being utilized fully which is what makes it a whole lot speculative in nature and results to the increase in volatility.

For what it is worth, I believe this is something that would change over time, and for sure will become an alternative to fiat, but cannot be for everybody just as you said in some people feeling it is a whole lot complicated for them and would rather stick to fiat.
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September 06, 2018, 08:57:42 AM
 #42

Bitcoin is the Future: Countries that have flawed currencies are turning towards Bitcoin/ Crypto: FACT
FIAT will fail because it went off the gold standard!
FIAT will implode eventually!
The founder of Bitcoin understood this: He was and is a genius!


That is why their governments will make more FIATs. Where in Bitcoin we can do everything we want in life with it. Just imagine if we can buy a piece of candy for 0.00000001 mBtc?

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September 06, 2018, 09:34:56 AM
 #43

Bitcoin is the Future: Countries that have flawed currencies are turning towards Bitcoin/ Crypto: FACT
FIAT will fail because it went off the gold standard!
FIAT will implode eventually!
The founder of Bitcoin understood this: He was and is a genius!


That is why their governments will make more FIATs. Where in Bitcoin we can do everything we want in life with it. Just imagine if we can buy a piece of candy for 0.00000001 mBtc?

Central banks are printing more money and that makes all fiat currencies vulnerable to inflation. Inflation, when governments are issuing more fiat can be enough to make fiat currencies worthless in the future. In centralized systems it`s always like that, they are doing what they think it`s the best, but in history and even now when you take a look who is running the countries and banks we know that they think how to get more rich, they don`t care about the people. I was here when 1 dollar was between 5 and 10 mBTC, last year we witnessed 1 mBTC at more than 17 dollars. Why to not imagine 1 satoshi to be 1 dollar? I think about often, and I think about when that can happen, that will mean that 1 bitcoin is 100 million dollars! Is that possible? Deep inside I hope it`s possible and I think about when that can happen, in 5 or 10 years, maybe more? Why to not have big dreams, with big dreams we climbed to here, and we need big dreams to get much higher.

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WhitePaper
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September 06, 2018, 09:49:45 AM
 #44

The US dollar does not have debt, the US has debt and the dollar is there choice of currency. Debt is not an issue for a currency in a direct way. Only because often these countries cannot repay their debt so resort to printing money and this in turn leads to inflation.
Exactly! This is not in any way new and sure we might see some implosion of fiat in the long run, but as the case may be, this is still something a lot farfetched, and government will keep trying to print more money just to be able to paint it out there like it is still something very relevant and inflation keeps becoming the norm of the day.

This I believe will make the interest for the decentralized space even more interesting for a lot, except for those who are in a way benefitting from the monopolies going on in the fiat space.
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September 11, 2018, 06:55:25 AM
 #45

Bitcoin is the Future: Countries that have flawed currencies are turning towards Bitcoin/ Crypto: FACT
FIAT will fail because it went off the gold standard!
FIAT will implode eventually!
The founder of Bitcoin understood this: He was and is a genius!

I don’t know for you, but once you’re rich you wouldn’t be saying all this. If you say you like Bitcoin, no matter how much you try, you will still withdraw and move your funds to dollars or your main currency. What I believe is that as long as you’re not owing anybody and you’re living a good life, then you have no problem.

All you have to do is invest your money wisely and that’s it. Whatever nonsense economists are blabbing… duh… it’s just their business, they are just seeking for attention.

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September 11, 2018, 07:03:03 AM
 #46

Bitcoin is the Future: Countries that have flawed currencies are turning towards Bitcoin/ Crypto: FACT
FIAT will fail because it went off the gold standard!
FIAT will implode eventually!
The founder of Bitcoin understood this: He was and is a genius!

I don’t know for you, but once you’re rich you wouldn’t be saying all this. If you say you like Bitcoin, no matter how much you try, you will still withdraw and move your funds to dollars or your main currency. What I believe is that as long as you’re not owing anybody and you’re living a good life, then you have no problem.

All you have to do is invest your money wisely and that’s it. Whatever nonsense economists are blabbing… duh… it’s just their business, they are just seeking for attention.
learning to analyze, so as to have confidence. many economists argue differently, and we must have attitude to make choices. then from first learning first, then investing, so that you don't regret later

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September 11, 2018, 09:07:56 AM
 #47

Bitcoin is the Future: Countries that have flawed currencies are turning towards Bitcoin/ Crypto: FACT
FIAT will fail because it went off the gold standard!
FIAT will implode eventually!
The founder of Bitcoin understood this: He was and is a genius!


yes, I also strongly agree with your opinion, maybe now the BTC price is down or is experiencing a difficult period but I am sure BTC will recite in the next few months.
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September 13, 2018, 03:41:18 AM
 #48

I do not even believe fiats will fail. They have not failed over the years and governments have a way of still pushing it out there. However, with respect to your statement of crypto being volatile, this is still a new space and of course the currency aspect of it is not being utilized fully which is what makes it a whole lot speculative in nature and results to the increase in volatility.

For what it is worth, I believe this is something that would change over time, and for sure will become an alternative to fiat, but cannot be for everybody just as you said in some people feeling it is a whole lot complicated for them and would rather stick to fiat.
Fiat will fail, I know that there are many people that will not believe it until they see it, but if you take the time to look at the history you will see that no fiat currency has ever survived and that every single one of them has gone down to its intrinsic value which is zero, I know it may seem difficult to believe because fiat has been around for a long time, but the system cannot last forever and once it crashes a lot of people are going to be burned by it.
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September 13, 2018, 03:50:34 AM
 #49

Its too early to state anything like this. You might be saying it because you all are into the crypto and know bitcoin very closely. However it could happen that, bitcoin may just remain as the supporting currency all the time and may not even get the chance to enter itself into mainstream of the crypto currencies. Remember that bitcoin is just decade old currency and it is based on unregulated environment and public ledger but we must not forget that this world is also ruled by government these days.

They have all the power to make changes in the tax patterns, prices of properties, lands, homes and almost every product and services available. Thus they can make the dollar come back to its original outset in no time.


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