Dollar coming to an end

[darkmind]

All fiats have failed after their cycle is over. I dont see why dollar has to be immortal.

The usd system works the same as bitcoin, we all want the dream to become rich, so we sweat, work, put money in it... but only 1 out of 1000 will become rich

[leex1528]

All fiats have failed after their cycle is over. I dont see why dollar has to be immortal.

The usd system works the same as bitcoin, we all want the dream to become rich, so we sweat, work, put money in it... but only 1 out of 1000 will become rich

Is it really that high of a rate?  I don't think it is but I could be wrong, and what are we defining as rich?

[NotLambchop]

^He means in the top .1 percent.  I know this because 1 in 1000, and because math.

[opossum]

The dollar has been coming to an end for a very long time but still it is here controlling most of the worlds economy's, paying for wars and being paid back for the wars. When the dollar comes to an end it will be because those in power want it to be the end of the dollar/petro$/war$ if and when that time comes it is going to be terrible news for all country's that rely on it, deaths of millions within a short time and total chaos. It is what the world needs but it is not going to be pretty when the time comes, No bitcoin will not save us however much we would like it to bitcoin needs economies to be on the up to itself be worth anything well imo.

[riptide]

It could be a great way to dump the US debt. Lose the dollar and adopt some kind of crypto/Fiat currency.

[NotLambchop]

ITT:  Bitcoiners talk about collapsing USD as Bitcoin collapses.  Much lel had by all.

[aminorex]

A distinction can be made between various "ends" of the "dollar":

The end of the value of your hoarded dollars.

The end of the petrodollar system.

The end of reserve currency status.

The end of the federal reserve system.

The end of fiat-slavery worldwide.

I estimate the above order to approximate the future order of these events.

[picolo]

The dollar has been coming to an end for a very long time but still it is here controlling most of the worlds economy's, paying for wars and being paid back for the wars. When the dollar comes to an end it will be because those in power want it to be the end of the dollar/petro$/war$ if and when that time comes it is going to be terrible news for all country's that rely on it, deaths of millions within a short time and total chaos. It is what the world needs but it is not going to be pretty when the time comes, No bitcoin will not save us however much we would like it to bitcoin needs economies to be on the up to itself be worth anything well imo.

USA has been very good at attracting talents and growing its economy so it allowed the state to spend more and the dollar to keep going.

[Trader Galactic LLC]

The dollar collapsing is about massive inflationary policy and no amount of imported talent will save it.

[NotLambchop]

The dollar collapsing is about massive inflationary policy and no amount of imported talent will save it.

We have ways of keeping the dollar propped up with native talent.  Not worried one bit

[picolo]

The dollar collapsing is about massive inflationary policy and no amount of imported talent will save it.

It delays the problems and buys time to the government if people are creating a lot of value and wealth in the USA.

[BillyBobZorton]

What nations like Greece should do in the middle of an up and coming collapse is adopt Bitcoin on the side so the people has a way to store their wealth outside the system, its clear people is going to get all of their money out of the banks, mark my words for june.

[PenguinFire]

It is funny when people here bash the USD when their currency is BTC.  I hate to break it to you guys want one has been around longer and probably will also be around longer after.

[techgeek]

What nations like Greece should do in the middle of an up and coming collapse is adopt Bitcoin on the side so the people has a way to store their wealth outside the system, its clear people is going to get all of their money out of the banks, mark my words for june.

Its a tourist nation, they have no export to handle there own debts.

Which is why they end up being "hey, lend me your lunch money again, I forgot it at home" story all the time on the news.

Nothing will change for them unless they have some sort of production. Now look at china, that we all love. Our iphones says everything $1 billion dollar company apple makes how many units over there provided by foxconn."Made in china" but not "Made in Greece"

[polynesia]

What nations like Greece should do in the middle of an up and coming collapse is adopt Bitcoin on the side so the people has a way to store their wealth outside the system, its clear people is going to get all of their money out of the banks, mark my words for june.

Greece can't adopt Bitcoin; Greeks definitely can convert a portion of the money they have into bitcoins.
It will probably save them from misery later on.

[oblivi]

It is funny when people here bash the USD when their currency is BTC.  I hate to break it to you guys want one has been around longer and probably will also be around longer after.

LOL no way. USD is set to collapse, all fiats have a cycle, BTC is a paradigm shift and no one can predict the outcome.

[stonerider]

Why don't you go and ask a common man on a street, "which would you like, US Dollars or bitcoins?" 999999 out of 1000000, he will answer "US Dollars, please."

As long as US maintains its military superiority over any other nations in the world, their currency will rule supreme.

Bitcoin at this stage is just an experiment, albeit one with a huge potential to disrupt existing financial systems and institutions.

At the end of the day, most people will look at bitcoins and just shrug their shoulders. Bitcoin just doesn't replace US$ at this time. We have long ways to go to win the hearts and minds of the people. Bitcoin works better as a commodity, not as currency, and this will continue to be the case for a loooooooooooooooooooong while, if not forever.

[polynesia]

Why don't you go and ask a common man on a street, "which would you like, US Dollars or bitcoins?" 999999 out of 1000000, he will answer "US Dollars, please."

As long as US maintains its military superiority over any other nations in the world, their currency will rule supreme.

Bitcoin at this stage is just an experiment, albeit one with a huge potential to disrupt existing financial systems and institutions.

At the end of the day, most people will look at bitcoins and just shrug their shoulders. Bitcoin just doesn't replace US$ at this time. We have long ways to go to win the hearts and minds of the people. Bitcoin works better as a commodity, not as currency, and this will continue to be the case for a loooooooooooooooooooong while, if not forever.

The USD has been the world's reserve currency for quite some time now.
Maybe it is time some other currency took over.
Before the USD, it was the GBP and prior to that it was the Spanish Pesetta.
Maybe the time is ripe for Bitcoin to take over.

[resya]

It is funny when people here bash the USD when their currency is BTC.  I hate to break it to you guys want one has been around longer and probably will also be around longer after.

LOL no way. USD is set to collapse, all fiats have a cycle, BTC is a paradigm shift and no one can predict the outcome.

The value of fiat is permanently decreasing but btc is inflating faster than usd at this current moment. more btc are being minted in comparison to usd

[najzenmajsen]

It is funny when people here bash the USD when their currency is BTC.  I hate to break it to you guys want one has been around longer and probably will also be around longer after.

LOL no way. USD is set to collapse, all fiats have a cycle, BTC is a paradigm shift and no one can predict the outcome.

The value of fiat is permanently decreasing but btc is inflating faster than usd at this current moment. more btc are being minted in comparison to usd

Then again , bitcoin is a very new currency. after most of the btc have been mined out , and the world has started to realise how revelutionary bitcoin is , only then we'll start seeing crazy market caps on bitcoin.