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Topic: Can the World Really Abandon the Dollar As A Reserve Currency? (Read 3443 times)

sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
No it can't.. The world will not survive without universal currency.

But does USD have to be that universal currency?
Yes, it's the best-est‼ Grin

I would say bitcoin is better.  Smiley
Bitcoin is primarily propagated for interests known personal gain and, therefore, should prove of greater detriment than benefit to those that would receive it.
hero member
Activity: 675
Merit: 500
No it can't.. The world will not survive without universal currency.

But does USD have to be that universal currency?
Yes, it's the best-est‼ Grin

I would say bitcoin is better.  Smiley
hero member
Activity: 686
Merit: 500
It is really interesting to see how much influence Bitcoin will have on this. Altho days of USD as world reserve currency are already counted down, Bitcoin can decrease them drastically. It can all happen just in a decade.

I would wait to see at least 1 country officially accept Bitcoin. That would mean a real new threat to USD.
You need to understand that individual countries do not "accept" any currency, except for their own tax payments (they only accept their official currency for this). Countries will have their own national currency (or will adopt the currency of their economic zone, as in the EU, or of another country, as is often the case with the Dollar) however the country does not mandate that all trade be done in that currency. People of any country are freely able to engage in barter transactions in which they exchange some other form of payment in exchange for goods/services
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
No it can't.. The world will not survive without universal currency.

But does USD have to be that universal currency?
Yes, it's the best-est‼ Grin
hero member
Activity: 675
Merit: 500
No it can't.. The world will not survive without universal currency.

But does USD have to be that universal currency?
newbie
Activity: 24
Merit: 0
No it can't.. The world will not survive without universal currency.
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
It is really interesting to see how much influence Bitcoin will have on this. Altho days of USD as world reserve currency are already counted down, Bitcoin can decrease them drastically. It can all happen just in a decade.

I would wait to see at least 1 country officially accept Bitcoin. That would mean a real new threat to USD.

What do you understand as accept BTC. To totally ditch their own currency? and just depend on BTC?  Or just not make any fuss of it and accept Bitcoin as any other foreghin currency?

I think there are many countries that already did or will soon treat Bitcoin as was my second option.

I think it will take lots of time until this happen. I think every country will still push forward their own currency as much as they can.


You see on this forum in altcoin sections. Everyone pushes their own altcoin, no matter how good it is. But all of them accept other altcoins.
Accept them for the payment of taxes. Roll Eyes

Or maybe add it to their foreign currency holdings. Smiley
You mean "their [commodity] holdings." Tongue
legendary
Activity: 1232
Merit: 1000
It is really interesting to see how much influence Bitcoin will have on this. Altho days of USD as world reserve currency are already counted down, Bitcoin can decrease them drastically. It can all happen just in a decade.

I would wait to see at least 1 country officially accept Bitcoin. That would mean a real new threat to USD.

What do you understand as accept BTC. To totally ditch their own currency? and just depend on BTC?  Or just not make any fuss of it and accept Bitcoin as any other foreghin currency?

I think there are many countries that already did or will soon treat Bitcoin as was my second option.

I think it will take lots of time until this happen. I think every country will still push forward their own currency as much as they can.


You see on this forum in altcoin sections. Everyone pushes their own altcoin, no matter how good it is. But all of them accept other altcoins.
Accept them for the payment of taxes. Roll Eyes

Or maybe add it to their foreign currency holdings. Smiley
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
It is really interesting to see how much influence Bitcoin will have on this. Altho days of USD as world reserve currency are already counted down, Bitcoin can decrease them drastically. It can all happen just in a decade.

I would wait to see at least 1 country officially accept Bitcoin. That would mean a real new threat to USD.

What do you understand as accept BTC. To totally ditch their own currency? and just depend on BTC?  Or just not make any fuss of it and accept Bitcoin as any other foreghin currency?

I think there are many countries that already did or will soon treat Bitcoin as was my second option.

I think it will take lots of time until this happen. I think every country will still push forward their own currency as much as they can.


You see on this forum in altcoin sections. Everyone pushes their own altcoin, no matter how good it is. But all of them accept other altcoins.
Accept them for the payment of taxes. Roll Eyes
member
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
It is really interesting to see how much influence Bitcoin will have on this. Altho days of USD as world reserve currency are already counted down, Bitcoin can decrease them drastically. It can all happen just in a decade.

I would wait to see at least 1 country officially accept Bitcoin. That would mean a real new threat to USD.

What do you understand as accept BTC. To totally ditch their own currency? and just depend on BTC?  Or just not make any fuss of it and accept Bitcoin as any other foreghin currency?

I think there are many countries that already did or will soon treat Bitcoin as was my second option.

I think it will take lots of time until this happen. I think every country will still push forward their own currency as much as they can.


You see on this forum in altcoin sections. Everyone pushes their own altcoin, no matter how good it is. But all of them accept other altcoins.
legendary
Activity: 1582
Merit: 1064
It is really interesting to see how much influence Bitcoin will have on this. Altho days of USD as world reserve currency are already counted down, Bitcoin can decrease them drastically. It can all happen just in a decade.

I would wait to see at least 1 country officially accept Bitcoin. That would mean a real new threat to USD.
member
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
It is really interesting to see how much influence Bitcoin will have on this. Altho days of USD as world reserve currency are already counted down, Bitcoin can decrease them drastically. It can all happen just in a decade.
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
No, of course not

Just because all other empires have fallen. And all fiat currencies have inflated into being worth less than toilet paper, that doesn't mean it also happens with America.

Because America is just that special, it will last forever, and so will the dollar.

Well it has been ages since people started the whole "we are all doomed, usa is going to hell, the dollar is over" perpetuated by the likes of Alex Jones and what not, yet here we are, 2014, in the middle of an epic economic crisis, and things just keep going and going. Nothing ever changes.
You forgot GE coin. Roll Eyes
full member
Activity: 168
Merit: 100
No, of course not

Just because all other empires have fallen. And all fiat currencies have inflated into being worth less than toilet paper, that doesn't mean it also happens with America.

Because America is just that special, it will last forever, and so will the dollar.

Well it has been ages since people started the whole "we are all doomed, usa is going to hell, the dollar is over" perpetuated by the likes of Alex Jones and what not, yet here we are, 2014, in the middle of an epic economic crisis, and things just keep going and going. Nothing ever changes.
member
Activity: 81
Merit: 10
of course this is impossible to happen, because the American dollar is still the belle of the currency trading world, there are still many countries and European Americans use the dollar as a trading currency they use, although there are also some competitors such as the euro and the pound of English ...  Roll Eyes
This is true, however it will not necessarily always be like this. It is very well possible that the US economy could falter because of our massive social programs and the dollar end up like the british pound
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
of course this is impossible to happen, because the American dollar is still the belle of the currency trading world, there are still many countries and European Americans use the dollar as a trading currency they use, although there are also some competitors such as the euro and the pound of English ...  Roll Eyes
You forgot GE coin. Roll Eyes
sr. member
Activity: 280
Merit: 250
of course this is impossible to happen, because the American dollar is still the belle of the currency trading world, there are still many countries and European Americans use the dollar as a trading currency they use, although there are also some competitors such as the euro and the pound of English ...  Roll Eyes
sr. member
Activity: 378
Merit: 250
Knowledge could but approximate existence.
No, of course not

Just because all other empires have fallen. And all fiat currencies have inflated into being worth less than toilet paper, that doesn't mean it also happens with America.

Because America is just that special, it will last forever, and so will the dollar.
The american empire will likely not last forever just as other empires have not lasted forever. (I somewhat think that Obama is trying to get the American empire to fall). Until the American empire falls the US dollar will likely remain to be a reserve currency as it is able to exert enough influence (both economic and political) to get other countries to accept the dollar for their reserves
Of course pres. Obama is attempting to fell his empire. How else would GE enter the public consciousness? Roll Eyes
member
Activity: 86
Merit: 10
No, of course not

Just because all other empires have fallen. And all fiat currencies have inflated into being worth less than toilet paper, that doesn't mean it also happens with America.

Because America is just that special, it will last forever, and so will the dollar.
The american empire will likely not last forever just as other empires have not lasted forever. (I somewhat think that Obama is trying to get the American empire to fall). Until the American empire falls the US dollar will likely remain to be a reserve currency as it is able to exert enough influence (both economic and political) to get other countries to accept the dollar for their reserves
legendary
Activity: 1106
Merit: 1005
No, of course not

Just because all other empires have fallen. And all fiat currencies have inflated into being worth less than toilet paper, that doesn't mean it also happens with America.

Because America is just that special, it will last forever, and so will the dollar.
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