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Author Topic: What if a change in people's views?  (Read 547 times)
SquallLeonhart
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March 22, 2023, 09:15:10 PM
 #81

there will always have some sort of inflation
the push pull for sure
but that is dependent on many variables etc, at least it is possible to get rid of one form of\ inflation if the entire market place was based on a money system that had a limited supply
what are your thoughts on what if the majority of the population all of a sudden sold all their fiat and put it into a crypto? like BTC, do u think the system or part of the traditional finance system see some type of impact/disruption?
The idea that we will "all" go into crypto is just a fantasy not because it is due to anything about bitcoin, but because nobody is 100% anything. We are not 100% in fiat neither, you should see the way people move their money around and how it all works at a bigger level to understand that the barter situation still going on, but at a larger scale, they basically share their power with each other, one has a right to do X the other has Y and they do that.

All in all we are talking about something that will make a bit of a problem to have all of them in bitcoin. On the other hand we can grow and we are growing everyday so that part will continue.
ChiBitCTy
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March 22, 2023, 10:10:35 PM
 #82

If everyone turned their fiat currency in to bitcoin then the world would be turned upside down.  This is something that's going to be a slow and gradual process. Remember the blockchain still has its limitations.  We've seen the repercussions of the blockchain being overloaded before and that would almost assuredly happen again. 

As the saying goes , Rome wasn't built in a day. Things take time and this will take time as well. 

At this point, we shall see!

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March 23, 2023, 08:09:25 AM
 #83

there will always have some sort of inflation
the push pull for sure
but that is dependent on many variables etc, at least it is possible to get rid of one form of\ inflation if the entire market place was based on a money system that had a limited supply
what are your thoughts on what if the majority of the population all of a sudden sold all their fiat and put it into a crypto? like BTC, do u think the system or part of the traditional finance system see some type of impact/disruption?

Since 1862 when dollar notes have been into existence, the FED knows inflations better than anyone and they know the solutions than anyone but the government is known to be crooked, if they limit the number of dollars in circulation, they wouldn't be able to do their dirty democracy system of government and agenda, they wouldn't be able to print more money and he sovereignty upon his people will be hard. However, if today people decide to convert all their fiats into bitcoin, I'm quite not sure which direction bitcoin will follow after what I witness with USDC FUD last week. USDT and USDC have an impact on bitcoin, I wonder how these relationships will end for bitcoin and the entire market.

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