Wind_FURY (OP)
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October 09, 2018, 07:59:56 AM |
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Haha. https://twitter.com/francispouliot_/status/1049313082344988673?s=21"Buying Bitcoin is about exiting fiat. It's a bet on the future collapse of fiat money financial system. Bitcoin is the only viable alternative. It's vastly superior as censorship-resistant medium of exchage, store of value, network effect, unit of account than all competitors." He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?
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vlad230
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October 09, 2018, 08:11:38 AM |
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Yeah, I agree, he's taking it to the extreme and probably doesn't know a lot about the financial system either.
The main characteristic of what makes a payment system viable that crypto currencies don't have yet are stability, maturity & trustworthiness.
You can't just switch to crypto overnight, just take a look at the current credit card & cash systems. They have been around for a lot of time now and are still used in parallel.
Most likely crypto will be the 3rd form of payment along side these.
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HODL2090
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October 09, 2018, 08:38:16 AM |
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Totally, both bitcoin and fiat can coexist productively ij the same space. And parading bitcoin as a replacement rather than an alternative is deviating from the creators' goals. We all enjoy the advantages of decentralization of bitcoin, doesn't mean we would deprive ourselves TGE benefits of centralization of fiat.
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avikz
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October 09, 2018, 08:42:27 AM |
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At every sector of the world, be it financial or non-financial, you will always find such extremists around. Take an example of Mr. Donald Trump as a president of the most powerful country of the world. Trump has already fueled the ground of third world war and rest of the events will take shape in a matter of time. If you are aware of the recent tariff and duty war with China and imposed ban on Iran, my statement will make sense to you!
The good part is that, here you can ignore the tweet because you know that bitcoin can't be a viable solution to the sustainability of the world economy. So doesn't really matter what they say or do.
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Callanta787
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October 09, 2018, 08:49:04 AM |
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Damn he is taking it too far, having bitcoin and fiat together is not that bad and its better if they both exist ,all I believe is in the future people will have to trust blockchain tech ,lack of trust still plagues blockchain technology presently.
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coolcoinz
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October 09, 2018, 09:16:14 AM |
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He wants it to collapse like many other people who see the current system as oppressive. Whether it is or it is not is a matter for a longer discussion, but there are many people like him. Financial systems built on debt, money printing, lending and trading, are meant to collapse. Most fiat currencies disappeared within the last 100 years. Some did that more than once. Once upon a time we had Uganda Shilling, Somalia Shilling, South Korean Old Won ....
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Alone055
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October 09, 2018, 09:23:34 AM |
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I wonder what such people would do after when they exit fiat but doesn't get a lot of places to spend their Bitcoin and would eventually require to use fiat again at the end. It is not like we don't like Bitcoin, but it is not really a necessity for the traditional financial systems to collapse in order for Bitcoin to make a place for itself. The technology is commendable, no doubt, but it still has some things that are not suitable for some uses of fiat.
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peter0425
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October 09, 2018, 09:30:12 AM |
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I think that guy is a complete troll. There's no way that fiat system will collapse because of crypto. Crypto is here not to make those financial system to become obsolete but rather people have others alternatives so that we will not be a slave on the fiat or monetary system. Let both system co-exist and let us have the freedom to choose whenever or whatever we want.
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Coin_trader
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October 09, 2018, 09:31:33 AM |
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He might be a very passionate Bitcoin supporter but an ignorant on the financial system around him. Well, i guess it's just his assumption or a wild prediction out of desperation on the current trends of the Bitcoin's price. I could not say that he is out of his mind but his prediction is beyond the borders between Crypto and fiat currency.
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eternalgloom
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October 09, 2018, 09:34:21 AM |
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I also don't think that messages like these help Bitcoin in any way. It just makes it look like Bitcoin is a currency for conspiracy theorists. Now, I personally do believe that Bitcoin could be a great store of value, in case of economic turmoil, but when people start making predictions about the collapse of fiat, it makes it seem like a conspiracy theory. I really liked this response to the tweet: I don't think this message resonates with many potential investors. Why do you keep pushing it? People don't want instability and revolution, and there's no reason to think that a collapse of fiat money is a prerequisite for Bitcoin to succeed as an investment. https://twitter.com/mecampbellsoup/status/1049318276050948097
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franky1
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October 09, 2018, 09:56:44 AM Last edit: December 10, 2018, 11:49:46 PM by franky1 |
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using bitcoin as an alternative to fiat is not saying that bitcoin is the nuke button to destroy fiat. but is the underground bunker should fiat ever nuke itself.
the quote windfury picked never mentioned that bitcoin would destroy fiat, but be an alternative safety zone
i understand windfury and his buddies are only interested in bitcoin so they can double their fiat and run back to fiat. but some people actually want something that counters fiat and offers an alternative. there are many many topics where windfury has shown his desires for managed account services and locked funds and 3-5 days settlements with chargebacks being part of bitcoin..
but bitcoins utility should remain as something that offers something fiat cant
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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fudster
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October 09, 2018, 10:01:21 AM |
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Too aggressive. He may meant to convince his followers to invest in bitcoin but its just too extreme that an economic meltdown will happen and the bitcoin is the only solution. He just can't wait for the price to go up to $20k again so he wants it to fastforward by tweeting that. Quite a twisted view from an influencer with huge number of follower.
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damberg
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October 09, 2018, 10:04:37 AM |
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Very exaggerated post. Why would worldwide fiat currencies collapse? Collapsing of all currencies would mean collapsing the whole financial system and I bet that Bitcoin would be the last thing you (and us) would be thinking about.
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Red-Apple
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October 09, 2018, 10:13:37 AM |
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unfortunately some people take things too far when it comes to bitcoin. they have a tendency of thinking it is kill or be killed situation with bitcoin and banks! which is pretty weird because banks can easily adopt bitcoin and become even stronger!
and not to mention that what that tweet is saying can only be applied to one country or in case a bigger financial crisis multiple countries not the whole world whereas bitcoin belongs to the whole world.
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Wind_FURY (OP)
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October 10, 2018, 05:16:30 AM |
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using bitcoin as an alternative to fiat is not saying that bitcoin is the nuke button to destroy fiat. but is the underground bunker should should fiat ever nuke itself. But saying that holding Bitcoin as a "bet on the collapse of the financial system" like he wants it to happen because he is a "HODLER" is stupid. the quote windfury picked never mentioned that bitcoin would destroy fiat, but be an alternative safety zone Do agree that Bitcoin is the only "viable" alternative? i understand windfury and his buddies are only interested in bitcoin so they can double their fiat and run back to fiat. Warning, my "buddies" in the Bilderberg group and I will hold Bitcoin only after we double our fiat. Hahahahahahaha! there are many many topics where windfury has shown his desires for managed account services and locked funds and 3-5 days settlements with chargebacks being part of bitcoin..
What "services" are you talking about?
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Kakmakr
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October 10, 2018, 05:46:37 AM |
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" The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. " - http://www.resourceinvestor.com/2011/01/23/time-different-dollarPeople know fiat currencies will eventually fail, so statements like this is not totally exaggerated if you take it from that context. It is not as if Bitcoiners want fiat to fail, they rather know what the end result will be and they are giving people advance notice that it is going to happen. Why should people ignore the signs of a massive tornado, if they can prepare for it? Bitcoin is Plan B, when these fiat currencies start failing.
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davis196
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October 10, 2018, 05:50:56 AM |
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Haha. https://twitter.com/francispouliot_/status/1049313082344988673?s=21"Buying Bitcoin is about exiting fiat. It's a bet on the future collapse of fiat money financial system. Bitcoin is the only viable alternative. It's vastly superior as censorship-resistant medium of exchage, store of value, network effect, unit of account than all competitors." He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners? Social media posts usually sound more radical and extremist,in order to get viral (more shares,more followers). I don't believe that this guy is such a bitcoin fanatic.He just wants to spread awareness around the noobs,that bitcoin "is the future".This is more like a propaganda thing,instead of an honest statement.
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Wind_FURY (OP)
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October 10, 2018, 05:55:08 AM |
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" The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. " - http://www.resourceinvestor.com/2011/01/23/time-different-dollarPeople know fiat currencies will eventually fail, so statements like this is not totally exaggerated if you take it from that context. It is not as if Bitcoiners want fiat to fail, they rather know what the end result will be and they are giving people advance notice that it is going to happen. Why should people ignore the signs of a massive tornado, if they can prepare for it? Bitcoin is Plan B, when these fiat currencies start failing. It is not easily that possible in my opinion. Do you really believe the top whale-cummulators of all whale-cumulators' and their masters will not move and manipulate their politician puppets to protect their interests? A world war would have to break out first before something can bring down their fiat "playground", if it can bring it down.
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SimonJones
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October 10, 2018, 06:12:25 AM |
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Haha. https://twitter.com/francispouliot_/status/1049313082344988673?s=21"Buying Bitcoin is about exiting fiat. It's a bet on the future collapse of fiat money financial system. Bitcoin is the only viable alternative. It's vastly superior as censorship-resistant medium of exchage, store of value, network effect, unit of account than all competitors." He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners? Yes, he has taken it to the extreme. I think he has just entered in the crypto world and is overexcited.
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Abdul Wasay
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October 10, 2018, 06:15:23 AM |
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Everyone think according to his own mind. According to me bitcoin is a digital currency and it needs to be adopted as it has many benefits
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Genesisnetwork.io │ P2P Payment Ecosystem │ POW-MNs Solution for businesses & e-commerce Fair Launch │ Airdrops & Bounties
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