Dollar coming to an end

[Erdogan]

I  do belive dollar bill  still represents the last best bastion of freedom,  in regard to anonimity -better than BTC-and there is a deliberate plan for its complete annihilation .I  embrace evolution but  bitcoin needs to evolve, if  our concern is -should be- anonimity, or switch to another coin that is already offering the required features.

If you mine BTC, buy it cash and use Tor how would anyone know it's your BTC?

And if you get your dollar bills from an ATM and use them on places where they have dollar bill scanners, how do you know that they don't track you?

[1714679371]

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[sobitcoin]

Interesting article and claims I think the guy isn't very intelligent though.


I don't see the dollar coming to an end for at least another 70+ years.  The claims the guy making are based on history which isn't a terrible thing to base it on.  But judging from 70 years ago today the world is a completely different place and anything related to money then holds little value to what we have today.

Absolutely.  As cryptocurrencies show their potential we might see an integration, but I don't think the dollar is going anywhere for a while.

[picolo]

I  do belive dollar bill  still represents the last best bastion of freedom,  in regard to anonimity -better than BTC-and there is a deliberate plan for its complete annihilation .I  embrace evolution but  bitcoin needs to evolve, if  our concern is -should be- anonimity, or switch to another coin that is already offering the required features.

If you mine BTC, buy it cash and use Tor how would anyone know it's your BTC?

And if you get your dollar bills from an ATM and use them on places where they have dollar bill scanners, how do you know that they don't track you?

If you get Dollars from ATM and the merchant where you spend them deposit it to the Bank they could trace it to you but it's not money you are trying to hide anyway.

[botany]

I  do belive dollar bill  still represents the last best bastion of freedom,  in regard to anonimity -better than BTC-and there is a deliberate plan for its complete annihilation .I  embrace evolution but  bitcoin needs to evolve, if  our concern is -should be- anonimity, or switch to another coin that is already offering the required features.

If you mine BTC, buy it cash and use Tor how would anyone know it's your BTC?

And if you get your dollar bills from an ATM and use them on places where they have dollar bill scanners, how do you know that they don't track you?

If you get Dollars from ATM and the merchant where you spend them deposit it to the Bank they could trace it to you but it's not money you are trying to hide anyway.

The merchant where you spend USD does not always need to know your identity.

[arieq]

I can imagine the US dollar losing it's position in the world, but i don't think bitcoin will play any major role in this "collapse". It will be the US's own fault.

Never underestimate the power of usd, look at how they are able to manipulate gold and silver. they have jackals, operatives, cia, and entire cartel behind

[Bernard Lerring]

How are they able to manipulate the price of gold and silver? Surely they can only make them more scarce by hiding them, unless they have hidden reserves and suddenly "introduce" more precious metals?

I ask this because I'm concerned about the economy and beginning to become interested in keeping a small amount of gold/silver in addition to BTC.

[NUFCrichard]

I see the dollar being replaced with a basket of commodities, i.e. Oil, Gold, Corn, Copper or silmilar.  It would be great if Bitcoin was a part of the basket, but I doubt it unless the dollar remains in place and printing like crazy for the next 25 years at least.

[Eastwind]

I see the dollar being replaced with a basket of commodities, i.e. Oil, Gold, Corn, Copper or silmilar.  It would be great if Bitcoin was a part of the basket, but I doubt it unless the dollar remains in place and printing like crazy for the next 25 years at least.

If Dollar is printed like crazy, it will disappear soon.

[vvv8]

I see the dollar being replaced with a basket of commodities, i.e. Oil, Gold, Corn, Copper or silmilar.  It would be great if Bitcoin was a part of the basket, but I doubt it unless the dollar remains in place and printing like crazy for the next 25 years at least.

You don't understand the purpose of a paper , or digital currency then. Because if you did , you would realize the true reason for the eventual demise of the dollar.

It's great to have a basket of commodities like you listed , but they all have the same inherent problem and that is that they take a longer time to liquidate or trade compared to paper or digital money, in this case pure digital money (Bitcoin & cryptocurrencies) . The dollar will eventually come to an end for many reasons , but the key reason here is that paper currency has become old and obsolete and brighter people are starting to see the benefits a pure digital currency can and will bring over paper currency.

The end.

Fin

/close thread

/lock

/ban anyone below me

[picolo]

I see the dollar being replaced with a basket of commodities, i.e. Oil, Gold, Corn, Copper or silmilar.  It would be great if Bitcoin was a part of the basket, but I doubt it unless the dollar remains in place and printing like crazy for the next 25 years at least.

You don't understand the purpose of a paper , or digital currency then. Because if you did , you would realize the true reason for the eventual demise of the dollar.

It's great to have a basket of commodities like you listed , but they all have the same inherent problem and that is that they take a longer time to liquidate or trade compared to paper or digital money, in this case pure digital money (Bitcoin & cryptocurrencies) . The dollar will eventually come to an end for many reasons , but the key reason here is that paper currency has become old and obsolete and brighter people are starting to see the benefits a pure digital currency can and will bring over paper currency.

The end.

Fin

/close thread

/lock

/ban anyone below me

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

[worle1bm]

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

Hahahahaha

Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?

[cryptoforcause]

This was quite unexpected but it can be a matter of profit for some countries.

[Plutonium]

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

Hahahahaha

Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?

You must have no idea, those prices would not have been achieved if Mt Gox did not fake trade, and bitcoin would have been a STEADY incline from $120~ to what it is today, if not higher.

[picolo]

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

Hahahahaha

Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed

Supply/Demand...

[botany]

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed

Supply/Demand...

Oil is not doomed, but oil producers are sweating.
Bitcoin may not be doomed, but miners aren't getting rich quickly.

[picolo]

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed

Supply/Demand...

Oil is not doomed, but oil producers are sweating.
Bitcoin may not be doomed, but miners aren't getting rich quickly.

I won't be surprise to see Oil back at more than 100$/barrel within 2 years. Bitcoin will be back at 1000$ soon too.

The world is changing and most people don't get it.

[Eastwind]

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed

Supply/Demand...

Oil is not doomed, but oil producers are sweating.
Bitcoin may not be doomed, but miners aren't getting rich quickly.

I won't be surprise to see Oil back at more than 100$/barrel within 2 years. Bitcoin will be back at 1000$ soon too.

The world is changing and most people don't get it.

The price of BTC is not correlated to oil price. With the oil supply surplus, it will not go to $100 easily.

[STT]

oil demand is rising even when the price rises or falls.  Same with bitcoin is that demand for a solid uncompromised global currency is rising. Im not sure bitcoin will be used but its applicable market is rising and the ability of populations to access its worth is also rising so that is a bullish outlook.
  Even while some industry may be in decline and so recession a possibility, I think the demand for oil is going to rise because of progression in various countries development and dollar will continue to weaken and its long term system; that promotes bitcoin or least some alternative system

[picolo]

oil demand is rising even when the price rises or falls.  Same with bitcoin is that demand for a solid uncompromised global currency is rising. Im not sure bitcoin will be used but its applicable market is rising and the ability of populations to access its worth is also rising so that is a bullish outlook.
  Even while some industry may be in decline and so recession a possibility, I think the demand for oil is going to rise because of progression in various countries development and dollar will continue to weaken and its long term system; that promotes bitcoin or least some alternative system

You have the supply in the equation of price too.

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed

Supply/Demand...

Oil is not doomed, but oil producers are sweating.
Bitcoin may not be doomed, but miners aren't getting rich quickly.

I won't be surprise to see Oil back at more than 100$/barrel within 2 years. Bitcoin will be back at 1000$ soon too.

The world is changing and most people don't get it.

The price of BTC is not correlated to oil price. With the oil supply surplus, it will not go to $100 easily.

Bitcoin and Oil should go up in price nominally as more fiat are inflated.

[exoton]

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

Hahahahaha

Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed

Supply/Demand...

The only real reason why these two numbers are correlating is because there is less money generally flowing into speculative investments as the fed has stopped pouring massive amounts of money into the economy via QE. The prices of bitcoin and oil are not related over the long term