Death of Quantative Easing

[Chax]

Bitcoin has the potential to be one of the biggest challenges governments face over the control of their economies. Central bankers already know it. As digital currency displaces paper money governments power to create inflation and set interest rates will exponentially diminish.

Quantitative Easing will accelerate paper money's decline and the bailing out of fiat bankers will be one for the history books. A better world?

[spazzdla]

I sure do hope so...  Alas I believe they will follow out with the samson option... If they cannot control the world NO ONE WILL...  These are sick pigs that are in power.. sick sick pigs.

[Mobius]

I think that bitcoin is far from the point that traditional fiat currencies will be disrupted. The market cap for the Dollar is in the tens of trillions of dollars, while bitcoin is well under 10 billion.

[Ayers]

government can kill it with 51%, if they really want, still to easy to do it at this point

[spazzdla]

government can kill it with 51%, if they really want, still to easy to do it at this point

Hum... ya no it's not.

[Ron~Popeil]

government can kill it with 51%, if they really want, still to easy to do it at this point

Even if they invested the huge amount of money it would take to do it they would be able to fool the network for ten minutes. The price would fall precipitously in the short term but the market would correct itself over time. Bit coin would be stronger for it over the long term.

[Ayers]

government can kill it with 51%, if they really want, still to easy to do it at this point

Even if they invested the huge amount of money it would take to do it they would be able to fool the network for ten minutes. The price would fall precipitously in the short term but the market would correct itself over time. Bit coin would be stronger for it over the long term.

i haven't done the proper math, but how much money do you need to double the hash? if they can rise to that point, they will control the chain forever until btc reach 0, unless investors are willing to buy forked-bitcoin

[Chax]

I think that bitcoin is far from the point that traditional fiat currencies will be disrupted. The market cap for the Dollar is in the tens of trillions of dollars, while bitcoin is well under 10 billion.

It's surprising how quickly alternative technologies / new and more useful services can accelerate and threaten the dinosaurs of the marketplace who refuse to change or adapt. BTC, although still small, has achieved moderate but important levels of awareness, acceptance, retail adoption and positive government interest. Yes, it's got a long way to go but it's less and less likely to go nowhere with every day.

The snowball effect has yet to kick in - when it does, voters will eventually realise that QE is debasing their buying power and bitcoin/crypto is an answer. A Tipping Point can happen well before market caps are equivalent - it's a people thing.

[counter]

Bitcoin has the potential to be one of the biggest challenges governments face over the control of their economies. Central bankers already know it. As digital currency displaces paper money governments power to create inflation and set interest rates will exponentially diminish.

Quantitative Easing will accelerate paper money's decline and the bailing out of fiat bankers will be one for the history books. A better world?

If this is true then I'm wondering if their should be multiple Bitcoins to help speed up the process. Or is having one main coin(like we do right now),  the best bet for this stage of overall crypto currency adoption.  I personally think multiple competing coins is a healthy environment until we find a superior coin or alternative.

[Fray]

Bitcoin has the potential to be one of the biggest challenges governments face over the control of their economies. Central bankers already know it. As digital currency displaces paper money governments power to create inflation and set interest rates will exponentially diminish.

Quantitative Easing will accelerate paper money's decline and the bailing out of fiat bankers will be one for the history books. A better world?

If this is true then I'm wondering if their should be multiple Bitcoins to help speed up the process. Or is having one main coin(like we do right now),  the best bet for this stage of overall crypto currency adoption.  I personally think multiple competing coins is a healthy environment until we find a superior coin or alternative.

IMO having multiple coins would likely slow the process as no one will know which one will be successful so they will not buy and use it.

[zedicus]

Bitcoin has the potential to be one of the biggest challenges governments face over the control of their economies. Central bankers already know it. As digital currency displaces paper money governments power to create inflation and set interest rates will exponentially diminish.

Quantitative Easing will accelerate paper money's decline and the bailing out of fiat bankers will be one for the history books. A better world?

If this is true then I'm wondering if their should be multiple Bitcoins to help speed up the process. Or is having one main coin(like we do right now),  the best bet for this stage of overall crypto currency adoption.  I personally think multiple competing coins is a healthy environment until we find a superior coin or alternative.

IMO having multiple coins would likely slow the process as no one will know which one will be successful so they will not buy and use it.

I agree, with there being one coin that is clearly going to be successful more people will be willing to invest/buy into bitcoin. If, on the other hand there are multiple cryptos then it will be less obvious which one(s) will survive over the long term and consumers will be less willing to invest.

[jjc326]

There's no doubt look at everything in the US now, all this QE did nothing for the little guy, only the rich got richer.  That's what i hope BTc can help avoid in the future, being used for political means.