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Meuh6879
Legendary
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Activity: 1512
Merit: 1011
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August 02, 2014, 07:43:00 AM |
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true since december 2013 for me ... since law are adopted to freeze and steal money from personal account in a week-end (cyprus schematic) to bail-out the banks to avoid bank run (bulgaria schematic).
all in place ... bitcoin will win at the end (like all performante and isolate tool)
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BitCoinDream
Legendary
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Activity: 2324
Merit: 1204
The revolution will be digital
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August 02, 2014, 08:42:33 AM |
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Here is the list if someone want is reluctant to check the article... 1. Ecuador 2. Egypt 3. Pakistan 4. Venezuela 5. Argentina 6. Belize 7. Cuba 8. Cyprus 9. Greece 10. Jamaica 11. Ukraine
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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August 02, 2014, 09:01:20 AM |
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It's a nice thought, but economically speaking, even if massively adopted, BTC couldn't save a country from bankruptcy. A currency that they cannot control wouldn't become the primary currency of a failing economy
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Rub3n
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August 02, 2014, 09:09:48 AM |
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Here is the list if someone want is reluctant to check the article... 1. Ecuador 2. Egypt 3. Pakistan 4. Venezuela 5. Argentina 6. Belize 7. Cuba 8. Cyprus 9. Greece 10. Jamaica 11. Ukraine Yeah thanks, just woke up so this helps.
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Jamie_Boulder (OP)
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August 02, 2014, 10:58:24 AM |
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It's a nice thought, but economically speaking, even if massively adopted, BTC couldn't save a country from bankruptcy. A currency that they cannot control wouldn't become the primary currency of a failing economy
A currency that's actually useable & trusted by the people is better than the debasement of banks & greed of government officials.
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Professor Plums
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Activity: 105
Merit: 10
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August 02, 2014, 11:03:41 AM |
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Arent most countries close to bankruptcy? Isn't America in debt where it is unable to pay?
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lepirate
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August 02, 2014, 11:13:51 AM |
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Arent most countries close to bankruptcy? Isn't America in debt where it is unable to pay?
Not all countries. Most countries have a national debt, but a most of them don't have a debt bigger than they can pay off.
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Thekool1s
Legendary
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Activity: 1512
Merit: 1218
Change is in your hands
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August 02, 2014, 11:15:43 AM |
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Why isn't USA on the list?
Because Yahoo is the biggest Racist fish out their
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will_see
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Activity: 79
Merit: 10
https://bountyminer.io
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August 02, 2014, 11:18:29 AM |
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Arent most countries close to bankruptcy? Isn't America in debt where it is unable to pay?
This debt is for FRS but not for some country. That is why America is not at this list.
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tatu
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August 02, 2014, 11:21:24 AM |
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I think there will be something worse coming with econmic collapse almost certain eventually. Arent most countries close to bankruptcy? Isn't America in debt where it is unable to pay?
This debt is for FRS but not for some country. That is why America is not at this list. What is the FRS?
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qwerty555
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August 02, 2014, 11:25:29 AM |
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Why isn't USA on the list?
Usa is not there as a) most of the debt is in dollars and they can just print enough any time they want to pay it off...This will of course have serious effects on inflation and make everyone holding dollars poorer as they would need to pay 2 or 10 or 100 times more for anything that they buy..and b) USA or any other country is never really bankrupt as they still have land , buildings roads/ resources and lots of other stuff that they can sell or lease to pay debt.. When most people call a country bankrupt or close to bankruptcy what the really mean is they are in or close to a sovereign default.. i.e they cannot or will not( under existing terms of their debt, which will ALWAYS eventually be renegotiated) pay obligations when they fall due.. http://en.wikipedia.org/wiki/Sovereign_defaultSome countries can deal with the renegotiation better than others. Normally the effect is that everybody gets poorer and often they introduce currency controls and or bank raids high taxes etc by the State like in Cyprus so the rich have a big share of the burden of solving the mess the politicians have handed the Country. Where bitcoin comes in is to avoid / evade effects like that you can change your local currency deposited in banks or under your mattress to bitcoin..send it to places like the caymen Islands and reconvert to fiat to safely deposit it in a bank out of reach of your (naughty) Govt . Before the advent or bitcoin this process was done by buying $,s on the black market at 10 to 50% extra. Putting them in suitcases and travelling abroad hoping not to get caught.. Bitcoin makes the process sooooo much easier and cheaper.
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juicyjuice87
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August 02, 2014, 11:40:55 AM |
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Here is the list if someone want is reluctant to check the article... 1. Ecuador 2. Egypt 3. Pakistan 4. Venezuela 5. Argentina 6. Belize 7. Cuba 8. Cyprus 9. Greece 10. Jamaica 11. Ukraine Yeah thanks, just woke up so this helps. Lol thanks
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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August 02, 2014, 12:01:38 PM |
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It's a nice thought, but economically speaking, even if massively adopted, BTC couldn't save a country from bankruptcy. A currency that they cannot control wouldn't become the primary currency of a failing economy
Bitcoin will not save countries. It will save people.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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TheGame
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Activity: 66
Merit: 10
You just lost
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August 02, 2014, 12:20:03 PM |
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I would say all the fiat system is collapsing, the world needs to go back to gold and/or now adopt BTC.
yes..It is a total myth that fiats last a long time.All fiats die ..all fiats die .. ALL fiats dieThe current capitalistic system is doomed and bound to fail at some point.
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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August 02, 2014, 12:36:09 PM Last edit: August 02, 2014, 12:49:45 PM by Elwar |
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I would say all the fiat system is collapsing, the world needs to go back to gold and/or now adopt BTC.
yes..It is a total myth that fiats last a long time.All fiats die ..all fiats die .. ALL fiats dieThe current capitalistic system is doomed and bound to fail at some point.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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cr1776
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Activity: 4032
Merit: 1301
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August 02, 2014, 02:57:00 PM |
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I would say all the fiat system is collapsing, the world needs to go back to gold and/or now adopt BTC.
yes..It is a total myth that fiats last a long time.All fiats die ..all fiats die .. ALL fiats dieThe current capitalistic system is doomed and bound to fail at some point. The current fascist/authoritarian/statist system is doomed. FTFY.
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arklan
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Activity: 1778
Merit: 1008
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August 02, 2014, 04:18:41 PM |
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while i agree the financial system is close to collapse, i highly doubt it will happen overnight. no repeat of the great depression. more like slowly rising prices and unemployment as people get laid off and jobs get harder to find.
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i don't post much, but this space for rent.
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