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Eastwind
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October 03, 2014, 09:50:32 PM |
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If the dollar loses status as the world's most reliable currency the United States will lose the right to print money to pay its debt. It will be forced to pay this debt.
It will not pay its debt.It will default. It can also print more money to pay its debt. |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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xcapator
Sr. Member
 Offline
Activity: 322
Merit: 252
Here I Am !!
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October 04, 2014, 11:39:42 AM |
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Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
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kaykawa
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October 04, 2014, 11:43:36 AM |
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Dollar is 100% "premined", unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
Some people are saying : "bitcoin is ending" btw, the ending is just the beginning |
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cutesakura
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October 04, 2014, 05:53:52 PM |
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I think the dollar remains stable with a value up to now, in many countries, especially developing countries-countries, the dollar is still the primary medium for the foreign trade of a country, the stock market was still very stable value of the dollar, so I think if there is a rumor said the dollar would end, I think it will still be a very long time to happen ...  |
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flounderella
Sr. Member
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Activity: 350
Merit: 250
Bitcoin Evengelist
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October 04, 2014, 06:21:09 PM |
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I don't know if you've noticed or not but dollar has risen a lot this year, which has sent commodities crashing (like crude, gold, silver, coal, iron ore etc).
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PrimedicePlayersUnion
Member
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Activity: 70
Merit: 10
★Bitin.io★ - Instant Exchange
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October 05, 2014, 03:55:23 PM |
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It already collapsed
1971 Milk .51 cents Gal USD in USA on gold standard
1971 Nixon Leaves Gold Standard
2014 Milk 4.50 Gal USD compare that to .0072 btc
People gonna love BTC and low numbers
Wow milk is only .00000001 btc soon
haha
i would make a milk factory go wild with orders |
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polynesia
Legendary
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Activity: 1358
Merit: 1000
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October 06, 2014, 01:31:13 AM |
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Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
That is true. But the rate at which bitcoin is being mined now (ie inflation) is lesser than the rate at which dollars are being printed now. |
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santaClause
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October 06, 2014, 04:34:25 AM |
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Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
That is true. But the rate at which bitcoin is being mined now (ie inflation) is lesser than the rate at which dollars are being printed now. Dollars do not require "proof" of anything therefore an unlimited number of them can be printed. Fiat is very different from crypto currencies that have an exact amount of money that can be mined |
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picolo
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October 06, 2014, 08:03:10 PM |
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If the dollar loses status as the world's most reliable currency the United States will lose the right to print money to pay its debt. It will be forced to pay this debt.
It will still print but the value of the Dollar will go down Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
Nowhere! |
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xcapator
Sr. Member
Offline
Activity: 322
Merit: 252
Here I Am !!
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November 23, 2014, 01:58:26 PM |
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Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
Nowhere! Yeah... US Dollar is worth less every day because they keep printing more. There really aren't that many BTC to go around. Go and get them while they are cheap people! |
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transient858
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November 23, 2014, 03:14:46 PM |
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Dollar is 100% "premined", unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
Some people are saying : "bitcoin is ending" btw, the ending is just the beginning One party ends. Another party begins. |
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picolo
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November 23, 2014, 11:09:50 PM |
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Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
Nowhere! Yeah... US Dollar is worth less every day because they keep printing more. There really aren't that many BTC to go around. Go and get them while they are cheap people! There is 13.5 millions bitcoins and there will be 21 millions; if it will be widely use, the price could be 100 times the price it is Today at the current Dollar value |
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piike2323
Newbie
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Activity: 28
Merit: 0
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November 24, 2014, 06:06:21 AM |
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The dollar isn't going away any time soon. The problem is that the world (especially Americans ) are addicted to the dollar. Russia and China just simply insist on being America's antagonist no-matter what. They don't have allot of pull in the world and nobody wants them to. I wouldn't put too much weight on anything Russia is doing because they don't seem to be able to get it together. China is different. China has a massive recourse called one billion population but they see it as a hindrance rather than a recourse. The true hindrance in china is the government's strong desire to micromanage everything. Simply put; these guys combined efforts inst enough to compete with the dollar at great extent.
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gigEls
Member
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Activity: 66
Merit: 10
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November 24, 2014, 11:36:42 AM |
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Not yet. It could happen but I don't see it happening yet. Although when it does happen, it's probably going to happen quite fast.
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kanggoroo
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November 24, 2014, 03:50:56 PM |
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US is the Big country in this world , they will not let dollar become failured currency.
The only reason can make Dollar coming to end is Judgement day.
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negafen
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November 24, 2014, 05:05:11 PM |
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US is the Big country in this world , they will not let dollar become failured currency.
The only reason can make Dollar coming to end is Judgement day.
Judgement day as in terminator or in bible? |
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aronnov
Member
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Activity: 89
Merit: 10
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November 24, 2014, 07:55:58 PM |
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it could happen because many of its competitors dollars are used as currency in the world trade, such as the euro, yen, pound and others. it could shift the dominance of the dollar in the world so that the US dollar will eventually come to an end, people will use alternative currencies other than the dollar, but I think it is still a long time to happen because of the current world market still believe the US dollar as their trade transactions ...  |
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picolo
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November 24, 2014, 10:45:59 PM |
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it could happen because many of its competitors dollars are used as currency in the world trade, such as the euro, yen, pound and others. it could shift the dominance of the dollar in the world so that the US dollar will eventually come to an end, people will use alternative currencies other than the dollar, but I think it is still a long time to happen because of the current world market still believe the US dollar as their trade transactions ... The Yuan too. The Brazilian Central Bank just signed a new swap deal with the Chinese Central Bank |
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ShetKid
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November 24, 2014, 11:14:00 PM |
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I don't think dollar would come to an end for another 50 years at least. Bitcoin is not that popular to take over.
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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November 24, 2014, 11:35:45 PM |
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it could happen because many of its competitors dollars are used as currency in the world trade, such as the euro, yen, pound and others. it could shift the dominance of the dollar in the world so that the US dollar will eventually come to an end, people will use alternative currencies other than the dollar, but I think it is still a long time to happen because of the current world market still believe the US dollar as their trade transactions ... The Yuan too. The Brazilian Central Bank just signed a new swap deal with the Chinese Central Bank The situation with the national fiats is inherently unstable, because as one currency is more used, it should increase in liquidity and therefore become more and more valuable, eventually swallowing all others. Only currency controls and inertia keeps the dollar from accruing all value in this day and age. Will bitcoin take on all value, or will the dollar first, bitcoin last? |
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