Topic: [2013-12-04] CNN - Ron Paul: Bitcoin could 'destroy the dollar' (Read 1070 times)
a good doctor WILL never be short of Satoshis.
December 04, 2013, 10:46:04 PM
I don't think that BTC is posing a threat to the fiat currencies. But it is a threat to payment services such as VISA/Master and Paypal.
In the long term (and in an optimal situation), we will see BTC emerging as the preferred payment mode for the online purchases. On the other hand, fiat will maintain its hold on all other transactions.
In the long term (and in an optimal situation), we will see BTC emerging as the preferred payment mode for the online purchases. On the other hand, fiat will maintain its hold on all other transactions.
December 04, 2013, 06:00:03 PM
The good doctor has been on my short list of possible Satoshis for a long time...
Quote
http://money.cnn.com/2013/12/04/technology/bitcoin-libertarian/
"There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added.
"Governments absolutely demand a monopoly on money and credit. They're not going to give it up easily," Paul warned. "They will come down hard."
"There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added.
"Governments absolutely demand a monopoly on money and credit. They're not going to give it up easily," Paul warned. "They will come down hard."
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