Bitcoin Forum
May 02, 2024, 06:55:55 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Can the World Really Abandon the Dollar As A Reserve Currency?  (Read 3413 times)
username18333
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


Knowledge could but approximate existence.


View Profile WWW
October 18, 2014, 12:01:51 AM
Last edit: October 18, 2014, 12:35:54 AM by username18333
 #41

No it can't.. The world will not survive without universal currency.

But does USD have to be that universal currency?
Yes, it's the best-est‼ Grin

Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714632955
Hero Member
*
Offline Offline

Posts: 1714632955

View Profile Personal Message (Offline)

Ignore
1714632955
Reply with quote  #2

1714632955
Report to moderator
1714632955
Hero Member
*
Offline Offline

Posts: 1714632955

View Profile Personal Message (Offline)

Ignore
1714632955
Reply with quote  #2

1714632955
Report to moderator
1714632955
Hero Member
*
Offline Offline

Posts: 1714632955

View Profile Personal Message (Offline)

Ignore
1714632955
Reply with quote  #2

1714632955
Report to moderator
scarsbergholden
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500



View Profile
October 18, 2014, 11:31:27 AM
 #42

It is really interesting to see how much influence Bitcoin will have on this. Altho days of USD as world reserve currency are already counted down, Bitcoin can decrease them drastically. It can all happen just in a decade.

I would wait to see at least 1 country officially accept Bitcoin. That would mean a real new threat to USD.
You need to understand that individual countries do not "accept" any currency, except for their own tax payments (they only accept their official currency for this). Countries will have their own national currency (or will adopt the currency of their economic zone, as in the EU, or of another country, as is often the case with the Dollar) however the country does not mandate that all trade be done in that currency. People of any country are freely able to engage in barter transactions in which they exchange some other form of payment in exchange for goods/services

pattu1
Hero Member
*****
Offline Offline

Activity: 675
Merit: 500


View Profile
October 18, 2014, 05:05:54 PM
 #43

No it can't.. The world will not survive without universal currency.

But does USD have to be that universal currency?
Yes, it's the best-est‼ Grin

I would say bitcoin is better.  Smiley
username18333
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


Knowledge could but approximate existence.


View Profile WWW
October 19, 2014, 11:58:51 PM
 #44

No it can't.. The world will not survive without universal currency.

But does USD have to be that universal currency?
Yes, it's the best-est‼ Grin

I would say bitcoin is better.  Smiley
Bitcoin is primarily propagated for interests known personal gain and, therefore, should prove of greater detriment than benefit to those that would receive it.

Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!