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Topic: Collapse or dollar= collapse of Rome= armagedon, but WHY!? (Read 6004 times)

legendary
Activity: 1106
Merit: 1005
I'm looking forward to the debt I hold (denominated in USD) becomes worthless.

haha yes, that's one reason why i'm paying it off slowly by paying a relatively small amount per month so that at this rate it would take 3 years to pay off.

By that time my bitcoin holdings would probably be so large that i'd laugh at the debt.

I should lend more fiat but i doubt the bank will let me with my current credit rating and being a student.
legendary
Activity: 1455
Merit: 1033
Nothing like healthy scepticism and hard evidence
We are joking about it, but if bitcoin really goes mainstream, that could have serious economics consequences. That, indeed, could provoke the collapse of the dollar (but even in this case, not the collapse of society).

See the pessimistic view of this member: https://bitcointalksearch.org/topic/bitcoins-dystopian-future-180798
sr. member
Activity: 462
Merit: 250
Yes, in Zimbabwe, debtors were also happy, they were clean of debt in no time.

Banks saw their balances go to zero. Credits and debits were worthless.

So, the 90% or so of ex-debtors are all happy in the middle of an economy in wrecks Smiley


So the best debtor (USA) will be ultra happy to see his debt dissapear and thats why he will adopt bitcoin with determinism hehe.
hero member
Activity: 778
Merit: 1002
And the biggest debtor in the world is... Smiley
legendary
Activity: 1455
Merit: 1033
Nothing like healthy scepticism and hard evidence
Yes, in Zimbabwe, debtors were also happy, they were clean of debt in no time.

Banks saw their balances go to zero. Credits and debits were worthless.

So, the 90% or so of ex-debtors are all happy in the middle of an economy in wrecks Smiley
hero member
Activity: 778
Merit: 1002
I'm looking forward to the debt I hold (denominated in USD) becomes worthless.
legendary
Activity: 1455
Merit: 1033
Nothing like healthy scepticism and hard evidence
Krafwerk wouldn't never believe for the things their music would be helpful. Even to justify the most strong society colapse since the Ice Age.
legendary
Activity: 1162
Merit: 1004
Would you like to place a wager?  Wink

Yes, I bet 1 bitcoin that this society's collapse will be by far the most sustainable collapse in the 10'000 years old history of the living cartoon of the human: the citizen.

https://www.youtube.com/watch?v=0EBTn_3DBYo

We measurable parameters and dates in order to make a bet.

Soonish™ ;-)
hero member
Activity: 518
Merit: 521
Would you like to place a wager?  Wink

Yes, I bet 1 bitcoin that this society's collapse will be by far the most sustainable collapse in the 10'000 years old history of the living cartoon of the human: the citizen.

https://www.youtube.com/watch?v=0EBTn_3DBYo

We measurable parameters and dates in order to make a bet.
legendary
Activity: 1162
Merit: 1004
Would you like to place a wager?  Wink

Yes, I bet 1 bitcoin that this society's collapse will be by far the most sustainable collapse in the 10'000 years old history of the living cartoon of the human: the citizen.

https://www.youtube.com/watch?v=0EBTn_3DBYo
update:
https://www.youtube.com/watch?v=d8Ke_83asCk
legendary
Activity: 1455
Merit: 1033
Nothing like healthy scepticism and hard evidence
If the US economy ends up in a situation where it won't be able to support a big army, that won't happen because of problems with the US dollar.
The problems with the US dollar are a symptom of more deep problems, like the low rate of saving, the external capital dependency, the deindustrialization, loss of competitiveness, etc.
legendary
Activity: 1722
Merit: 1000
The idea that the dollar is going to collapse because of all the debt doesn't make much sense. At most, there might be some inflation, but 10% of inflation will be enough to destroy major part of the debt in 10 years, even with higher interest rates.

Anyway, no society collapses because of the collapse of its currency. Any people comparing this to the collapse of the Roman Western Empire is misleading the Op. The Roman currency was seriously debased, but it wasn't this kind of problems that took Rome down, but the sword.


What do you think will happen to America when it can't afford an army and all of those countries they killed 1000's.. 10 000's, 100 000's in are going to do....
hero member
Activity: 518
Merit: 521
Armstrong thinks we can reform politics.

Based upon your links to him, I subscribed to Armstrong's blog.  After reading his (numerous) posts for three days, I agree with your assessment.  Armstrong is a worshiper of the Great Father Guv.  He thinks the Father is currently abusive and misguided, but ultimately good.

What is your opinion of Armstrong's computer model?  I'm fascinated by esoteric numbers and the work of Randall Carlson.

I documented the model's track record:

https://bitcointalksearch.org/topic/m.5464897
hero member
Activity: 518
Merit: 521
Collapse of the dollar isn't the end of the world.

Standard of living outside the US will actually get better as export countries will need to serve domestic need rather than export their labor and product to US.

That common thinking is incorrect. The demarcation between domestic and export won't exist in the Knowledge Age:

https://bitcointalksearch.org/topic/m.7011575
sr. member
Activity: 406
Merit: 250
Armstrong thinks we can reform politics.

Based upon your links to him, I subscribed to Armstrong's blog.  After reading his (numerous) posts for three days, I agree with your assessment.  Armstrong is a worshiper of the Great Father Guv.  He thinks the Father is currently abusive and misguided, but ultimately good.

What is your opinion of Armstrong's computer model?  I'm fascinated by esoteric numbers and the work of Randall Carlson.
full member
Activity: 182
Merit: 100
Collapse of the dollar isn't the end of the world.

Standard of living outside the US will actually get better as export countries will need to serve domestic need rather than export their labor and product to US.
hero member
Activity: 518
Merit: 521
Would you like to place a wager?  Wink
legendary
Activity: 1162
Merit: 1004
As if technology ever could exist beyond a collectivist society!

I create programs individually. There is no collectivism required.

This is the Knowledge Age revolution. People will create and distribute digitally without any collectivism involved in their efforts.

BS. As @onlyu wrote: Your programming environment and the whole infrastructure behind it is a hypercollectivist monstrum, which will disappear as soon as the society collapses, and it will, as all societies did. Tainter's law.
That's why I as an anarchist support your efforts to create a true anonymous crypto currency. No society can survive in an anonymous environment, where nothing can be stopped. All kind of crime (you need some examples?) could be distributed, and that's never ever the ground on which a society is able to survive. Crypto is not the tool to expand the 10'000 years old society/economy (patriarchy) even more. It is a tool to destroy it and bring back anarchy (self-sufficient communities), which is the norm among the homines sapientes and their ancestors (1 million and more years). Societies (homo oeconomicus/collectivism) are only short, pandemic aberrations in this grand supercycle.

Knowledge(!) Age Revolution? I would rather call it a revolution of self destruction and stupidity:
http://www.bcreative.al/wp-content/uploads/2011/10/Human-Evolution.jpg
full member
Activity: 165
Merit: 100
As if technology ever could exist beyond a collectivist society!

I create programs individually. There is no collectivism required.

This is the Knowledge Age revolution. People will create and distribute digitally without any collectivism involved in their efforts.

Your program has high dependency.

The platform it run on required a group of developers to build it. And the platform required a server to run it, which required who know how many years of human effort.

And the server will need hosting, electricity.

Hosting required human to have the knowledge on how to build building and so on and other dependency. Same for electricity.


We live in a highly depended society. Saying one person alone can create something useful with no dependency show the arrogance of people in general.








legendary
Activity: 1455
Merit: 1033
Nothing like healthy scepticism and hard evidence
The idea that the dollar is going to collapse because of all the debt doesn't make much sense. At most, there might be some inflation, but 10% of inflation will be enough to destroy major part of the debt in 10 years, even with higher interest rates.

Anyway, no society collapses because of the collapse of its currency. Any people comparing this to the collapse of the Roman Western Empire is misleading the Op. The Roman currency was seriously debased, but it wasn't this kind of problems that took Rome down, but the sword.
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