Topic: Coming Changes Bitcoin will be backing USA dollars - page 2. (Read 1107 times)
I never thought gold would fall. because gold has been proven to be able to survive since ancient times until now is still an investment tool and a store of value that is sought by investors. and in my opinion bitcoin will not be a benchmark or support for the US dollar. bitcoin has high fluctuations it is unlikely the United States government will use bitcoin as support for the dollar.
Gold will not crash as long we have the mentality of household wives about gold.
With China trying to implement their own coin, US may try to create their own but it'll not be plegded to us dollar.
With China trying to implement their own coin, US may try to create their own but it'll not be plegded to us dollar.
I don’t think what’s happening, your plot is on the verge of fantasy. Although there is nothing to be surprised at, we already have the main currency in the world which is not backed by anything, and at the same time it can be collateral for the currencies of other states. An ideal management tool for foreign policy. Bitcoin is not provided with anything, which means that with your option, the dollar will also be provided with a currency that is not provided with anything and also has strong volatility.
It is not easy to actually do something like this on paper as well, I mean think about it, bitcoin is just a crypto currency, USA dollars is the fiat of the probably most powerful nation in the whole world, their military spending is bigger than next 10 biggest spender combined and they have to be backed by something like bitcoin?
Even if all of the nation agreed that dollar being backed by bitcoin is a good idea, even if democrats and republicans all thought this was a bipartisan move and agreed that it should happen, first you have to let something like this have a ruling at congress which already has a schedule already so you gotta wait for that, then you gotta explain all of the congress members most of which are old white men to understand what bitcoin is and let them know their voters want this, then you gotta do it again for senate as well so it would take a long time to get it accepted even if it was possible at all.
Even if all of the nation agreed that dollar being backed by bitcoin is a good idea, even if democrats and republicans all thought this was a bipartisan move and agreed that it should happen, first you have to let something like this have a ruling at congress which already has a schedule already so you gotta wait for that, then you gotta explain all of the congress members most of which are old white men to understand what bitcoin is and let them know their voters want this, then you gotta do it again for senate as well so it would take a long time to get it accepted even if it was possible at all.
The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
It's just a dream at this point.
Besides, why would a bitcoin backed USD make any sense? Why not just use bitcoin itself? And would incentive would the central banks around the world to ever reform their currency in such a way? They obviously don't want to let go of the control that they hold over monetary policy.
A tokenized US dollar could be possible but certainly not with the backing of BTC. You also have to take into account the potential for fractional reserve to be instated.
This situation was barely showing us the power of dollar itself, so by backing up through bitcoin; for sure every transactions related with cryptocurrency is closely tracked by US government. On this idea I think, merging of fiat crypto will be possible now. Which I don't have the 100% confidence on how it's going to be successful along the way.
The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
It's just a dream at this point.
Besides, why would a bitcoin backed USD make any sense? Why not just use bitcoin itself? And would incentive would the central banks around the world to ever reform their currency in such a way? They obviously don't want to let go of the control that they hold over monetary policy.
A tokenized US dollar could be possible but certainly not with the backing of BTC. You also have to take into account the potential for fractional reserve to be instated.
This is not a dream, this is a joke. Someone is messing with people, this can never happen, not in a million years, Bitcoin will never back up US dollar, that is impossible. In the future US dollar will be tokenized like everything else, but the US government together with federal bank will create their own token, with their own rules on their own servers.
I belive what I see btc Price is Not Good Now this is what I see
The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
It's just a dream at this point.
Besides, why would a bitcoin backed USD make any sense? Why not just use bitcoin itself? And would incentive would the central banks around the world to ever reform their currency in such a way? They obviously don't want to let go of the control that they hold over monetary policy.
A tokenized US dollar could be possible but certainly not with the backing of BTC. You also have to take into account the potential for fractional reserve to be instated.
This is not a dream, this is a joke. Someone is messing with people, this can never happen, not in a million years, Bitcoin will never back up US dollar, that is impossible. In the future US dollar will be tokenized like everything else, but the US government together with federal bank will create their own token, with their own rules on their own servers.
The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
It's just a dream at this point.
Besides, why would a bitcoin backed USD make any sense? Why not just use bitcoin itself? And would incentive would the central banks around the world to ever reform their currency in such a way? They obviously don't want to let go of the control that they hold over monetary policy.
A tokenized US dollar could be possible but certainly not with the backing of BTC. You also have to take into account the potential for fractional reserve to be instated.
This is not a dream, this is a joke. Someone is messing with people, this can never happen, not in a million years, Bitcoin will never back up US dollar, that is impossible. In the future US dollar will be tokenized like everything else, but the US government together with federal bank will create their own token, with their own rules on their own servers.
The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
It's just a dream at this point.
Besides, why would a bitcoin backed USD make any sense? Why not just use bitcoin itself? And would incentive would the central banks around the world to ever reform their currency in such a way? They obviously don't want to let go of the control that they hold over monetary policy.
A tokenized US dollar could be possible but certainly not with the backing of BTC. You also have to take into account the potential for fractional reserve to be instated.
This is a crazy idea mate. You know this won't happen especially this 2020. Gold is already precious since ancient times up to now and it will continue over time. I don't think the US government will allow a decentralized system to back their dropping currency. This is absolutely a joke.
The statements made by OP are completely groundless and there is no evidence linking them. I see you're saying nonsense issues because gold will never collapse, Gold has existed for a long time and it is a rare asset. All countries in the world stockpile gold and use it to support each country's Fiat. And Bitcoin will never become gold in a new age, Bitcoin is just a digital asset and it may crash in the future
Do you have any source of information about this? Because it is quite ironic that Bitcoin will be the currency to back USD unlike the usual possible thing to happen which is the BTC backed by dollars and gold. In this regard, I am pretty sure both ways are meant for good and making dollar tokenized could impact the world but I think it is already implemented using the stable coins priced at 1 dollar each. Mainly for the purpose of using it to establish businesses and to make bitcoin investment better.
What a nonsense, it will never happen.
Gold is a stable asset, will never crash, it has real utility, being used in every computer and smartphone, and many other usabilities. Bitcoin is decentralized, the government simply can't backing dollars based on this volatile currency.
now many countries are starting to leave the dollar, they trust gold or digital gold more. but physical gold is indeed more reliable in its value stability. we can see the price of gold every year increases and fluctuations are relatively small, this is different from the dollarGold is a stable asset, will never crash, it has real utility, being used in every computer and smartphone, and many other usabilities. Bitcoin is decentralized, the government simply can't backing dollars based on this volatile currency.
Where did you come up on such news OP? As far as I see it, Gold has been up for centuries and would likely to remain the standard of wealth. Countries wouldn't just dump all their gold reserve just like that. It's still a rare, precious earth metal that most people see as valuable, and also has some utility in terms of electronics and such. Bitcoin could back USD, or even replace USD, but that's far too distant from this point in time.
What a nonsense, it will never happen.
Gold is a stable asset, will never crash, it has real utility, being used in every computer and smartphone, and many other usabilities. Bitcoin is decentralized, the government simply can't backing dollars based on this volatile currency.
Gold is a stable asset, will never crash, it has real utility, being used in every computer and smartphone, and many other usabilities. Bitcoin is decentralized, the government simply can't backing dollars based on this volatile currency.
The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
Gold will crash? How and why such predictions? As for now, gold is still great choice cause it's different from fiat + gold is the oldest thing that has universal exchange value and is the most stable one in real world compared to any fiat. But I agree with you when saying that bitcoin is the new age gold, yes cause it's currency with fixed supply and no one can edit this + it comes with blockchain that records every transaction, so everything is clear and anonymous at the same time (but not so anonymous too).The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
But I can't agree with you in this: Bitcoin never meant to be money! <------- Bitcoin was never meant to be used widely, this is my opinion.
The debt was and is backing up Money the fiat currency the Central bank knew that so they figured out it Will be Bitcoin
So each paper bill Will Backed by btc
The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
Gold will crash? How and why such predictions? As for now, gold is still great choice cause it's different from fiat + gold is the oldest thing that has universal exchange value and is the most stable one in real world compared to any fiat. But I agree with you when saying that bitcoin is the new age gold, yes cause it's currency with fixed supply and no one can edit this + it comes with blockchain that records every transaction, so everything is clear and anonymous at the same time (but not so anonymous too).The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
But I can't agree with you in this: Bitcoin never meant to be money! <------- Bitcoin was never meant to be used widely, this is my opinion.
The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
What are you talking about? Since when is USD backed by gold? And since when Bitcoin is not meant to be money. Yes it is not a perfect money since it is not fungible but still it is money.
Satoshi white paper Don't mean Nothing!
I have explained here but u dont listen.
Just look at etherum its built for tonizing fiat.
Just look the DEFI ETH... DAI?
its copy paste of tradional fiat based finance and banking fundamentals.
Eth Holdre for new tokenized fiat*
Btc Counter balance for tokenized Fiat*
The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
What are you talking about? Since when is USD backed by gold? And since when Bitcoin is not meant to be money. Yes it is not a perfect money since it is not fungible but still it is money.
The gold will crash and Bitcoin will be backing Up USA dollars so USA dollar will be tokenized and each USA dollar will be backed by bitcoins.
The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
This is ridiculous. Although Bitcoin and Gold both have a limited supply, gold is a real asset and it helps quite a lot for human society now. And for Bitcoin, it's just a digital asset, its existence depends on the network and hard drive in your PC. and then, Bitcoin only has a high price because it is expected by many people and it can become a value at any time, because it really does not help our society.The Bitcoin was made to be new age gold so Bitcoin never meant to be money!
Its Coming 2020 and yes that will be happening
If the gold futures Will crash u Will be surprised how Fast gold price Will fall down too!
2020 is
Jump to: