Dollar coming to an end

[GreenStox]

I don't have any dollars so I don't care. All I got are cryptos!

How do you live what do you eat? How do you pay property tax? What about your internet and other expenses?

I`m sure you must hold atleast basic amounts of fiat.

Getting around fiat 100% is just not possible yet .

unless you still live under your parents, and they pay everything for you and you can pay for your thing, with crypto directly, it should work i guess

but there was a guy on bitcointalk (Edward his nick, i think?) that get rid of his card and he is using 100% bitcoin

Yea but you still need to change your BTC from time to time back to fiat, to pay for property tax.

Maybe you can avoid income tax and other taxes but not property tax. And what about phone bill, internet bill, going out in the city to eat, i mean bitcoin is not that popular yet, to be accepted anywhere.

I cant even go to my local betting house to place a football bet with bitcoin here. It's sad, but i hope bitcoin will spread faster!

[Nizam ibrahim.P.N]

I think the arrival and using of BTC replaces many currencies like dollars..!!

[Furio]

I don't have any dollars so I don't care. All I got are cryptos!

How do you live what do you eat? How do you pay property tax? What about your internet and other expenses?

I`m sure you must hold atleast basic amounts of fiat.

Getting around fiat 100% is just not possible yet .

unless you still live under your parents, and they pay everything for you and you can pay for your thing, with crypto directly, it should work i guess

but there was a guy on bitcointalk (Edward his nick, i think?) that get rid of his card and he is using 100% bitcoin

Yea but you still need to change your BTC from time to time back to fiat, to pay for property tax.

Maybe you can avoid income tax and other taxes but not property tax. And what about phone bill, internet bill, going out in the city to eat, i mean bitcoin is not that popular yet, to be accepted anywhere.

I cant even go to my local betting house to place a football bet with bitcoin here. It's sad, but i hope bitcoin will spread faster!

For a full member I'd expect more You can pay ANY bill including property tax and such using services like Bitwa.la or Bitbill.nl, works perfectly. Allthough I never pay any government outfit like this

[ralle14]

maybe dollar is inflating once again you know
but it won't come to an end though there are a lot
of currency less worth than a dollar like my currency here in
Philippines

[HarHarHar9965]

maybe dollar is inflating once again you know
but it won't come to an end though there are a lot
of currency less worth than a dollar like my currency here in
Philippines

That's just a hype , no currency especially dollar is going down

you might believe that the dollar is indesstructible because of major mass adoption,but the only reason dollar has value is because it is petrodollar. Petrodollar is the currency used to buy petrol, petrol cannot be bought in any other currency except petrodollar, and I am talking on a macro level, when countries are trading and buying petrol. Once its not the currency to buy the fuel, it will be doomed and they are already in massive debt.

[wxa7115]

Well, it depends what you mean by "end" If you mean the full disappearance of the dollar, then that’s not going to happen. If by “end” you mean the dollar losing its position as the sole reserve currency then that’s already underway.

However the dollar could prove to be more resilient than people think, the dollar has collapsed before, and its still there, a possible scenario is that after a dollar collapse, the Fed decides to have a gold backed dollar, and BAM the dollar is back again (obviously this is unlikely but still possible)

[SimpleIn]

Yea I think the dollar and other fiat currencies have still got a long life ahead, though I think something like the dollar could collapse or lose a lot of its value eventually.

Yes, I agree. The economy of today is not very stable. I am not going to say how much will it cost the dollar over time.

[tommorisonwebdesign]

Well, it depends what you mean by "end" If you mean the full disappearance of the dollar, then that’s not going to happen. If by “end” you mean the dollar losing its position as the sole reserve currency then that’s already underway.

However the dollar could prove to be more resilient than people think, the dollar has collapsed before, and its still there, a possible scenario is that after a dollar collapse, the Fed decides to have a gold backed dollar, and BAM the dollar is back again (obviously this is unlikely but still possible)

That scenario will probably not happen. Once the US dollar collapses, anybody who has gold or silver or crypto will be the only people with any more at all. Also, the fed is owned by foreign nations and those people probably would not want to loose the economic control, so gold backed currency will probably never again occur. 

[techgeek]

Dollar was dead after 1940ish due to 3 on-going war. world 1,2, then vietnam etc.

the more wars, the less value the dollar has basically in simple terms. Its a matter of what we can reduce the worst situation possible, and maybe use bitcoin for that scenario or protect your own finance from it at this point.

[wxa7115]

Well, it depends what you mean by "end" If you mean the full disappearance of the dollar, then that’s not going to happen. If by “end” you mean the dollar losing its position as the sole reserve currency then that’s already underway.

However the dollar could prove to be more resilient than people think, the dollar has collapsed before, and its still there, a possible scenario is that after a dollar collapse, the Fed decides to have a gold backed dollar, and BAM the dollar is back again (obviously this is unlikely but still possible)

That scenario will probably not happen. Once the US dollar collapses, anybody who has gold or silver or crypto will be the only people with any more at all. Also, the fed is owned by foreign nations and those people probably would not want to loose the economic control, so gold backed currency will probably never again occur. 

True, but it is fun to imagine “what if scenarios”, don’t you think?

[luciann]

There are more and more econmists that warns about possible collapse of dollar, and it looks like american economy doesnt have very bright future... also it seems like Russia with China and India, would be more than happy if dollar colapse, and it looks like they already strated doing some steps to help with it.

They have started taking steps to reduce dependence on the dollar.
Looking at the amount of dollars they hold, it would be a disaster for them if the dollar collapses overnight.

I think if anything, it`ll be like lets just form a new hybrid currency so we dont have a shit storm for all the holders of our old currency.

Most people just cant see it, but I know that china would want to become the next world reserve currency. So instead of this, who holds the dollars, it`ll be a who holds the yuan instead.

[HarHarHar9965]

Well, it depends what you mean by "end" If you mean the full disappearance of the dollar, then that’s not going to happen. If by “end” you mean the dollar losing its position as the sole reserve currency then that’s already underway.

However the dollar could prove to be more resilient than people think, the dollar has collapsed before, and its still there, a possible scenario is that after a dollar collapse, the Fed decides to have a gold backed dollar, and BAM the dollar is back again (obviously this is unlikely but still possible)

That scenario will probably not happen. Once the US dollar collapses, anybody who has gold or silver or crypto will be the only people with any more at all. Also, the fed is owned by foreign nations and those people probably would not want to loose the economic control, so gold backed currency will probably never again occur. 

True, but it is fun to imagine “what if scenarios”, don’t you think?

they were fun when btc wasn't crashing and everybody were dreaming to be millionaires just by holding 1 btc and talking about how their dreams would come true, 200$ price now and everybody is running places cashing out their investment talking how it's all going to doom. It used to be fun to speculate what could have happened, but its scary seeing our predictions about how things could go south are actually taking place :/

[btccashacc]

maybe dollar is inflating once again you know
but it won't come to an end though there are a lot
of currency less worth than a dollar like my currency here in
Philippines

what your currncy ?

[sergio]

maybe dollar is inflating once again you know
but it won't come to an end though there are a lot
of currency less worth than a dollar like my currency here in
Philippines

That's just a hype , no currency especially dollar is going down

you might believe that the dollar is indesstructible because of major mass adoption,but the only reason dollar has value is because it is petrodollar. Petrodollar is the currency used to buy petrol, petrol cannot be bought in any other currency except petrodollar, and I am talking on a macro level, when countries are trading and buying petrol. Once its not the currency to buy the fuel, it will be doomed and they are already in massive debt.

Very true, but you miss one very important point. The petrodollar is backed by the USA military, it is not a currency based on democracy or free choice. It will not be doomed for the lack of buying petrol, since it is backed by force, it is doomed becaused it is being challanged by other superpowers like Russia and the Bricks bank, and the only reason it gets away with the massive debt, it is because the debt it is distributed worldwise against others will, but once some countries get out of the petrodollar which it is happening now a domino effect will take place, and the military backing will not work against countries like Russia, no one wants a third world war, that would be complete insanity, however its military backing could work against third world countries therefore it wont collapse completely but most likely will go though a severe financial crisis.

[romjpn]

Waiting for the PetroBitcoin then.

[NorrisK]

I don't have any dollars so I don't care. All I got are cryptos!

How do you live what do you eat? How do you pay property tax? What about your internet and other expenses?

I`m sure you must hold atleast basic amounts of fiat.

Getting around fiat 100% is just not possible yet .

unless you still live under your parents, and they pay everything for you and you can pay for your thing, with crypto directly, it should work i guess

but there was a guy on bitcointalk (Edward his nick, i think?) that get rid of his card and he is using 100% bitcoin

I think you mean Elwar? I think he is indeed living full time of bitcoin in Germany. He is paid in bitcoin and is selling the coins for cash if he absolutely needs to use fiat.

[altsay]

I see many of you have watched I-S-I-S promotional video of the newly minted coins

[tech_solutions]

nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.

[randy8777]

nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.

well, there are people who don't connect bitcoin to any kind of fiat currency. they see 1 btc as 1 btc and not as 1 btc being worth $240. but it is a very small minority who think this way.

[molecular]

nor Dollar or any other Currency will come to an end, because for Bitcoins their should be some currency to convert, if not their is no value for bitcoins. Only the Dollar fluctuation gives the strength to Bitcoins, because who ever wants to keep or invest in Bitcoins on the end of the Day he/she wants to convert Bitcoins to their Country currency.

replace "Dollar" with "Gold" and "Bitcoin" with "Bank Notes" and you'll see that your statement might not be eternally true.

Things can change... The following is what one of your ancestors might have said a century or two ago.

nor Gold or Silver will come to an end, because for Bank Notes there should be some Gold/Silver to convert, if not there is no value for Bank Notes. Only Gold gives strength to Bank Notes, because who ever want to keep or invest in Bank Notes on the end of the Day he/she want to convert Bank Notes to Gold or Silver.