Dollar coming to an end

[miztaziggy]

Interesting article with a very surprising end (related to Bitcoin see last 2 paragraphs)

http://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dollars-70-year-dominance-is-coming-to-an-end.html

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[leex1528]

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.

[Demille]

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.

[Baitty]

Most of us will probably not be alive when the dollar collapses so it's not going to make much difference to us.

[haploid23]

How is this a bitcoin discussion, when it relates to the dollar? Probably should move to off-topic.

Anyways there are a lot of signs of the collapse of the dollar. Several nations are circumventing using the dollar as the standard for trade. The US is also printing like crazy right now because we have been through several QE. How long do you think the debt ceiling can rise before it defaults?

[banque]

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

[cbeast]

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.

They call them revolutions because average people don't see them coming. I like his terse writing style, it's refreshing. He does tend to use run on sentences.

I agree with much of what he says, especially about Bitcoin becoming a reserve currency.

[leex1528]

They call them revolutions because average people don't see them coming. I like his terse writing style, it's refreshing. He does tend to use run on sentences.

I agree with much of what he says, especially about Bitcoin becoming a reserve currency.

Yeah don't get me wrong, he made a lot of great points in there...However I will say that I don't believe he is 100% correct in trying to predict what will happen to the dollar.

I think bitcoin is around to stay...I don't have the high claims of it will be around 100,000 per bitcoin(hey I would love to be wrong on that one)  but I think it will stabilize, more and more companies will start accepting it and hopefully I will continue to collect a lot of good coin:)

[banque]

I've said for almost 40 years now the USD isn't a fiat currency it's the Worlds Police Nuke Dollar

USA has big nuke stick and it polices the world.

Now Russia and China have big nuke sticks too, but both governments suck worse than the USA's

How about btc relocates to cayman islands

Then btc can have an area off limits to US police powers.

[LostDutchman]

Interesting article with a very surprising end (related to Bitcoin see last 2 paragraphs)

http://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dollars-70-year-dominance-is-coming-to-an-end.html

Stuff and nonsense.

[Gleb Gamow]

Interesting article with a very surprising end (related to Bitcoin see last 2 paragraphs)

http://www.telegraph.co.uk/finance/comment/liamhalligan/10978178/The-dollars-70-year-dominance-is-coming-to-an-end.html

I also believe central banks may include cyber-currencies (such as bitcoin) in their reserves.

I'll go one better: I believe central banks WILL include cryptocurrencies (plural) in their reserves (plural).

Make no mistake, behind the scenes the powers that be are formulating systems to make bank (pun intended) on this newfangled experimental money thingie (Bitcoin, et al.) seeing how they can fatten their wallets further, thus allowing the Twins to test the waters.

I say in less than 5 years we'll see existing and start-up companies creating regulated pre-mined altcoins for the sole purpose of generating funding, with said alts traded similarly to how stocks and commodities are traded today. That one key difference is that the altcoins/stocks/shares can be bought/sold/traded sans any exchange of which they'll also be located on, something that's a bit difficult to do with common stocks.

Can you say CC*Trade Financial Corporation (purhaps styled CC*TRADE)? Them guys aren't goin' to miss the boat on this next wave, let alone the new guys entering the market directly outta Harvard, Yale, and...wait for it...MIT.

[johnd7]

It's good to see usd melting against btc everyday.
I invest my usd in btc i know it will rise.

[thepenmen22]

Meh, I still think it's going to take a while for the dollar to die out. Before that even happens, a new currency has to start. Sure we can use online things like bitcoins, but people still like to carry around hard money. It's almost a sort of prize for them for working and earning that money. You can't carry money if you just have bitcoins.

[jjc326]

I think there are two different ideas people have when talking about "death of the dollar."  One is that it will lose its status as being used for most transactions around the world.  The second is that it's use will become obsolete due to something like Bitcoin, or going to a barter economy.  

[franky1]

I think there are two different ideas people have when talking about "death of the dollar."  One is that it will lose its status as being used for most transactions around the world.  The second is that it's use will become obsolete due to something like Bitcoin, or going to a barter economy.  

yep BRICS are thinking of taking over the reserve currency part

and bitcoin can take over the paypal/visa/mastercard part, well maybe if they raise the block limit to 5mb and have a 2 minute blocktime with only 5btc per block (to keep things even)

giving bitcoin 25x more transactions per second possibility (was 7 could be 175)

[DjPxH]

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

Well I wouldn't exactly call this 'failed'. It's just good old inflation. Happens. The wages also increased over time. But hey, if you're right we could swim in milk all day long. Poor cows!

[BitcoinLlama]

The dollar could not be world reserve currency between tomorrow and whenever, so maybe one day.

[InwardContour]

It's good to see usd melting against btc everyday.
I invest my usd in btc i know it will rise.

This is why most of us is here, hoping btc will replace dollar.
If the growth continues exponentially like in the last years, our dreams will come true.

[Honeypot]

All of you against the dollar, pour it into my bank account now. I am calling you out and prove it with your actions that you truly believe dollar is going down the drain, and you are willing to back up your stance instead of slinking back again when things don't turn out the way you want them to.

No? Why do you want to hold a bunch of worthless papers?

BTC won't replace anything - it will be replaced itself by something else.

[DjPxH]

It's good to see usd melting against btc everyday.
I invest my usd in btc i know it will rise.

This is why most of us is here, hoping btc will replace dollar.
If the growth continues exponentially like in the last years, our dreams will come true.

Yeah, but it won't happen. No growth can be sustained forever! Also, I believe it's a tad delusional to think that bitcoin will actually replace the dollar. I guess it'll find it's place somewhere alongside regular FIAT currencies and the current banking system.