Fate of those who challenge world's reserve currency!

[cuddaloreappu]

The Worlds reserve currency as we know is the United States Dollar..

Before 4 years there was a story that Libya's General Gadhafi had planned to switch to Gold backed dinars for oil business instead of USD which was welcomed among many arab countries, That move had devastating effect on US dollar as a world reserve currency...Then the Arab spring happened and we  watched how Ghadafi was killed like a street dog..

That story is really terrorizing when one begins to think from the point of view of fate of those who challenge worlds reserve currency.

But bitcoin has a potential to do exactly that...Imagine what will happen if bitcoin is used as the reserve currency of transaction for oil and gas.

What will happen?

[Ron~Popeil]

The Worlds reserve currency as we know is the United States Dollar..

Before 4 years there was a story that Libya's General Gadhafi had planned to switch to Gold backed dinars for oil business instead of USD which was welcomed among many arab countries, That move had devastating effect on US dollar as a world reserve currency...Then the Arab spring happened and we  watched how Ghadafi was killed like a street dog..

That story is really terrorizing when one begins to think from the point of view of fate of those who challenge worlds reserve currency.

But bitcoin has a potential to do exactly that...Imagine what will happen if bitcoin is used as the reserve currency of transaction for oil and gas.

What will happen?

Saddam Hussein wanted to sell oil for Euro at one point as well. That turned out well for him.

[LostDutchman]

The Worlds reserve currency as we know is the United States Dollar..

Before 4 years there was a story that Libya's General Gadhafi had planned to switch to Gold backed dinars for oil business instead of USD which was welcomed among many arab countries, That move had devastating effect on US dollar as a world reserve currency...Then the Arab spring happened and we  watched how Ghadafi was killed like a street dog..

That story is really terrorizing when one begins to think from the point of view of fate of those who challenge worlds reserve currency.

But bitcoin has a potential to do exactly that...Imagine what will happen if bitcoin is used as the reserve currency of transaction for oil and gas.

What will happen?

Neither Bitcoin nor any other crypto currency has such potential.

What they do have is the possiblity of offering an essentially underground currency traded between users.

[solarion]

You have to obtain nukes and a long range delivery system before you challenge the petrodollar. The cowards that direct US forces avoid legitimate threats.

[MrWDunne]

The Worlds reserve currency as we know is the United States Dollar..

Before 4 years there was a story that Libya's General Gadhafi had planned to switch to Gold backed dinars for oil business instead of USD which was welcomed among many arab countries, That move had devastating effect on US dollar as a world reserve currency...Then the Arab spring happened and we  watched how Ghadafi was killed like a street dog..

That story is really terrorizing when one begins to think from the point of view of fate of those who challenge worlds reserve currency.

But bitcoin has a potential to do exactly that...Imagine what will happen if bitcoin is used as the reserve currency of transaction for oil and gas.

What will happen?

Neither Bitcoin nor any other crypto currency has such potential.

What they do have is the possiblity of offering an essentially underground currency traded between users.

The possibilities are far larger than that.

[LostDutchman]

The Worlds reserve currency as we know is the United States Dollar..

Before 4 years there was a story that Libya's General Gadhafi had planned to switch to Gold backed dinars for oil business instead of USD which was welcomed among many arab countries, That move had devastating effect on US dollar as a world reserve currency...Then the Arab spring happened and we  watched how Ghadafi was killed like a street dog..

That story is really terrorizing when one begins to think from the point of view of fate of those who challenge worlds reserve currency.

But bitcoin has a potential to do exactly that...Imagine what will happen if bitcoin is used as the reserve currency of transaction for oil and gas.

What will happen?

Neither Bitcoin nor any other crypto currency has such potential.

What they do have is the possiblity of offering an essentially underground currency traded between users.

The possibilities are far larger than that.

Agreed but as a replacement for any national currency, no; not a chance.

[Beliathon]

You have to obtain nukes and a long range delivery system before you challenge the petrodollar. The cowards that direct US forces avoid legitimate threats.

If the dollar becomes relatively worthless - which it will, soonish - WE don't need to challenge anything. The reserve currency of the world will change itself, just like copyright holders changed their behavior  (because they were FORCED to) in the post-torrent era.

[LostDutchman]

You have to obtain nukes and a long range delivery system before you challenge the petrodollar. The cowards that direct US forces avoid legitimate threats.

If the dollar becomes relatively worthless - which it will, soonish - WE don't need to challenge anything. The reserve currency of the world will change itself, just like copyright holders changed their behavior  (because they were FORCED to) in the post-torrent era.

Uh, sorry to tell you that I am the owner of a substantial body of intellectual property subject to copyright and I haven't changed my behaviour one little bit!

Steal my shit and I sue you ass and WIN!

Your pronostication of the failure of the USD is tinfoil hat stuff.

[solarion]

You have to obtain nukes and a long range delivery system before you challenge the petrodollar. The cowards that direct US forces avoid legitimate threats.

If the dollar becomes relatively worthless - which it will, soonish - WE don't need to challenge anything.

Can you define "soonish"? These things tend to drag on far longer than people envision.

The USD is already relatively worthless in historical commodity terms, but it's most oft compared to other fiat currencies which are likewise being continuously devalued.

[jc01480]

Bitcoin makes the USD irrelevant.  Take that, Fed.

[LostDutchman]

Bitcoin makes the USD irrelevant.  Take that, Fed.

You are dreaming.

[Ron~Popeil]

You have to obtain nukes and a long range delivery system before you challenge the petrodollar. The cowards that direct US forces avoid legitimate threats.

If the dollar becomes relatively worthless - which it will, soonish - WE don't need to challenge anything.

Can you define "soonish"? These things tend to drag on far longer than people envision.

The USD is already relatively worthless in historical commodity terms, but it's most oft compared to other fiat currencies which are likewise being continuously devalued.

The politicians and fed will prop it up as long as they can which will only make it worse when it happens. Ordinary people always get left holding the proverbial bag with these things. 

[Ron~Popeil]

Bitcoin makes the USD irrelevant.  Take that, Fed.

You are dreaming.

So enlighten us, why are you here? You are negative any anything bit coin related and never post more than a one liner. Care to expand on your thoughts other than "you are dreaming or "no way"?

[jc01480]

Bitcoin makes the USD irrelevant.  Take that, Fed.

You are dreaming.

A man can dream, brotha!

[LostDutchman]

Bitcoin makes the USD irrelevant.  Take that, Fed.

You are dreaming.

So enlighten us, why are you here? You are negative any anything bit coin related and never post more than a one liner. Care to expand on your thoughts other than "you are dreaming or "no way"?

Oh, how you do misunderstand and I suspect that the misunderstanding is based on lack of knowledge, purely and simply!

I am heavily involved in the cryptocurrency movement but I, unlike you, recognise crypto for what it is; an ALTERNATIVE peer-to-peer method of wealth transfer and retention.

Bitcoin was never, ever; not now, now ever intended to replace fiat.

If you doubt me, try reading the original Bitcoin absrtact, which may be found here:

https://bitcoin.org/bitcoin.pdf

Go get some education and get back to me, mkay?

[LostDutchman]

Bitcoin makes the USD irrelevant.  Take that, Fed.

You are dreaming.

A man can dream, brotha!

Dream on, brotha!

http://www.youtube.com/watch?v=hHRNSeuvzlM

[E-C.Guru]

You have to obtain nukes and a long range delivery system before you challenge the petrodollar. The cowards that direct US forces avoid legitimate threats.

If the dollar becomes relatively worthless - which it will, soonish - WE don't need to challenge anything. The reserve currency of the world will change itself, just like copyright holders changed their behavior  (because they were FORCED to) in the post-torrent era.

Uh, sorry to tell you that I am the owner of a substantial body of intellectual property subject to copyright and I haven't changed my behaviour one little bit!

Steal my shit and I sue you ass and WIN!

Your pronostication of the failure of the USD is tinfoil hat stuff.

I hope it's not Dream on by Aerosmith because I just downloaded that sht from youtube and now I'm selling Aerosmith DVD's to kids on the block.

[LostDutchman]

You have to obtain nukes and a long range delivery system before you challenge the petrodollar. The cowards that direct US forces avoid legitimate threats.

If the dollar becomes relatively worthless - which it will, soonish - WE don't need to challenge anything. The reserve currency of the world will change itself, just like copyright holders changed their behavior  (because they were FORCED to) in the post-torrent era.

Uh, sorry to tell you that I am the owner of a substantial body of intellectual property subject to copyright and I haven't changed my behaviour one little bit!

Steal my shit and I sue you ass and WIN!

Your pronostication of the failure of the USD is tinfoil hat stuff.

I hope it's not Dream on by Aerosmith because I just downloaded that sht from youtube and now I'm selling Aerosmith DVD's to kids on the block.

What can I say?

Even music pirates have to make a living!

[E-C.Guru]

The Worlds reserve currency as we know is the United States Dollar..

Before 4 years there was a story that Libya's General Gadhafi had planned to switch to Gold backed dinars for oil business instead of USD which was welcomed among many arab countries, That move had devastating effect on US dollar as a world reserve currency...Then the Arab spring happened and we  watched how Ghadafi was killed like a street dog..

That story is really terrorizing when one begins to think from the point of view of fate of those who challenge worlds reserve currency.

But bitcoin has a potential to do exactly that...Imagine what will happen if bitcoin is used as the reserve currency of transaction for oil and gas.

What will happen?

Neither Bitcoin nor any other crypto currency has such potential.

What they do have is the possiblity of offering an essentially underground currency traded between users.

The possibilities are far larger than that.

Agreed but as a replacement for any national currency, no; not a chance.

Doesn't have to be. Gold could be used as national currency when it comes to dealing with other nations. And from government TO people: Bitcoin: From people TO government: Bitcoin. People to people: Bitcoin.

[beetcoin]

it's kind of shocking how, through the use of our media, our government and the rich people in bed with them, are able to invade other countries.. and sell it off to us as "freedom bringers." it's more subtle than propaganda, and goes right under our nose.

we go into poor countries, buy out their government and extract all their resources without helping the indigenous people in any way. in many cases, they turn out to be terrorists - and then we hunt them down, naming them through and through "bad guys."