I think bitcoin will achieve many things in the future, but I don't think it can completely replace Fiat's money.
Maybe this will happen, but not immediately. Everyone must know bitcoin and recognize the nature of the cryptocurency itself. In essence all must also know about the problem of crypto instability. All require a long process.
Topic: Do not be this type of Bitcoiner - page 4. (Read 14407 times)
Haha.
https://twitter.com/francispouliot_/status/1049313082344988673?s=21
He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?
https://twitter.com/francispouliot_/status/1049313082344988673?s=21
Quote
"Buying Bitcoin is about exiting fiat. It's a bet on the future collapse of fiat money financial system. Bitcoin is the only viable alternative. It's vastly superior as censorship-resistant medium of exchage, store of value, network effect, unit of account than all competitors."
He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?
I think they risked Bitcoin with Topics.
1. If the price of bitcoin decreases, the opponent will lose.
2. If the bitcoin price rises, the opponent will win.
They don't want bitcoin to collapse, but they only make bets using topics with bitcoin betting themes, I think they seem to play games.
Nobody wants Bitcoin to collapse, all still looking for income using different topics and various ways to continue to generate bitcoin.
Maybe that's my thinking.
I used to think that in the event of a financial crisis, bitcoin will go up. But lately there has been a trend that bitcoin is following the stock market. Therefore, one can hardly hope that the bitcoiners will benefit from the financial crisis.
The guy is madly in love with Bitcoin, like Gollum with his ring 
or he has came to us from a rather distant future and is right.
or he has came to us from a rather distant future and is right.
hmmm, it is too much. i don't know he is really sure about that but we should be careful
Haha.
https://twitter.com/francispouliot_/status/1049313082344988673?s=21
He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?
https://twitter.com/francispouliot_/status/1049313082344988673?s=21
Quote
"Buying Bitcoin is about exiting fiat. It's a bet on the future collapse of fiat money financial system. Bitcoin is the only viable alternative. It's vastly superior as censorship-resistant medium of exchage, store of value, network effect, unit of account than all competitors."
He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?
He only uses it the way he knows how to. Everybody does it too because they see a lot of prospect on how to use Bitcoin and other crypto for now.
I believe the financial economy is big enough for cryptocurrencies and fiat currency. The user can use both currencies to suit his need. Fiat currency will not die because of the cryptocurrencies as the mainstream society are yet to adapt its use
there is so much fight on bitcoin and lots of blood being shed just because people want to buy more of it while they are still young and bitcoin price is still low so that they can enjoy the millions of dollars profit in the long run when every average Joe in the street finds out about bitcoin and wants in but too late. right now they can FUD and manipulate the price to crash so they can buy more but in some years in the future they won't.
Bitcoin does have value and will grow with it, eventually, it will become an alternative tool for investment. It's a good opportunity to be in it and manage it well so you don't regret it. Don't make market welds that are collapsing all of this requires a process for proper development.
Many crypto-enthusiasts are very fanatical. Thinking is absolutely irrational. Regarding the future of the financial system is currently difficult to say. The only thing I can say is that cryptocurrencies will develop.
You don't know his background. If you live in venezuela and have to travel hundreds of miles to get into colombia just to buy some rice, then you would be saying the same thing and focusing in bitcoin while the financial system collapses
Bitcoin is indeed a viable alternative for bitcoin holders, but for those who don't know bitcoin, they will answer gold is a viable alternative. So this depends on each individual, for those of us who know with bitcoin, they will run with the right bitcoin for alternative investments.
Then do you agree with Francis Pouliot that "Bitcoin is the only viable alternative" to the fiat money system, and that holding it is a bet on its collapse?
to those thinking the dollar cant/wont collapse. again look to zimbabwe
to those thinking "america too big to fail" fail to realise that america is too big. even when the words "americas too big" passes their lips
just look at the pensions vs populations.
the baby boomers that have been paying in pensions are about to get to retirement age and instead of seeding/inputting funds. they are going to be leaching/taking out.
the rest of the population. (less populace per age bracket) will be at a deficit. because 60 years ago it was only calculated that people live for 10 years after retirement. but now people are living 20-50 years after retirement
so all them people on 'guaranteed income' pensions will be eating well passed what they input and chewing on the inputs of others.
most will just take it out as lump sums which still extend beyond how much they put in.
so expect the next banking crash to not be about housing subprimes. but the pensions deficit. and dont expect people to just pass away quietly of 'old age' due to poverty. expect lots of human rights and civil court drama adding more funds to be taken out the banks holdings
to those thinking "america too big to fail" fail to realise that america is too big. even when the words "americas too big" passes their lips
just look at the pensions vs populations.
the baby boomers that have been paying in pensions are about to get to retirement age and instead of seeding/inputting funds. they are going to be leaching/taking out.
the rest of the population. (less populace per age bracket) will be at a deficit. because 60 years ago it was only calculated that people live for 10 years after retirement. but now people are living 20-50 years after retirement
so all them people on 'guaranteed income' pensions will be eating well passed what they input and chewing on the inputs of others.
most will just take it out as lump sums which still extend beyond how much they put in.
so expect the next banking crash to not be about housing subprimes. but the pensions deficit. and dont expect people to just pass away quietly of 'old age' due to poverty. expect lots of human rights and civil court drama adding more funds to be taken out the banks holdings
too many people think a dollar is just a dollar. and anyone that has a billion dollars. is holding the same dollar as someone that just went to the bank ATM and got bank notes out.
when they realise that the petrodollar. and the SDR dollar is not the same as a fiat ATM dollar. they will be shocked.
an bank note $10 will always only be $10. and over the years it buys less loaves of bread.
a SDR/petrodollar moves with other countries currencies. and compared to other countries doesnt lose as much bread loaf value as a bank note does.
to simplfy it down to common folk. a bank note $10 will always be a $10 in your pocket.
but the digital bank account dollar might be $10.10 next year at 1% interest/inflation
that said. many people buy assets that today are worth $X but in future. could be worth $XXXX while still only buying the same amount of bread as previous years.
what i find estounding is why we even measure bitcoin against the dollar. and then other countries have to measure their native fiat against the dollar and then measure to bitcoin.
imagine if bitcoin was invents a decade earlier. and was measured against the Zimbabwe dollar as the primary.. think about that
when they realise that the petrodollar. and the SDR dollar is not the same as a fiat ATM dollar. they will be shocked.
an bank note $10 will always only be $10. and over the years it buys less loaves of bread.
a SDR/petrodollar moves with other countries currencies. and compared to other countries doesnt lose as much bread loaf value as a bank note does.
to simplfy it down to common folk. a bank note $10 will always be a $10 in your pocket.
but the digital bank account dollar might be $10.10 next year at 1% interest/inflation
that said. many people buy assets that today are worth $X but in future. could be worth $XXXX while still only buying the same amount of bread as previous years.
what i find estounding is why we even measure bitcoin against the dollar. and then other countries have to measure their native fiat against the dollar and then measure to bitcoin.
imagine if bitcoin was invents a decade earlier. and was measured against the Zimbabwe dollar as the primary.. think about that
may be able to make a lot of money to invest in it or our little allowance so we can no longer invest in it with very little capital.
Bitcoin is just a digital currency that can be accessed through the internet and indeed Bitcoin will still be a Bitcoin. fiat will still keep be fiat because Bitcoin and fiat are different, maybe I think people will forget themselves when they have a lot of Bitcoin and forget about fiat, but fiat will always be there and Bitcoin is not necessarily will always there.
Haha.
https://twitter.com/francispouliot_/status/1049313082344988673?s=21
He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?
https://twitter.com/francispouliot_/status/1049313082344988673?s=21
Quote
"Buying Bitcoin is about exiting fiat. It's a bet on the future collapse of fiat money financial system. Bitcoin is the only viable alternative. It's vastly superior as censorship-resistant medium of exchage, store of value, network effect, unit of account than all competitors."
He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?
He was talking about the fiat money financial system, and afraid it will collapse if we all use only bitcoin, not fiat anymore.
But hey, if we are using cryptocurrency in the future, i think fiat money will have no use at all.
When the cryptocurrency have a stable price, fast speed, high availability, accepted by everyone, and other advantages over fiat, no one will use fiat again, right ?
Haha.
https://twitter.com/francispouliot_/status/1049313082344988673?s=21
He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?
I don't pretend bitcoin as a bet, actually I am not that type of bitcoiner. I pretend bitcoin as a great chance to gain profit in the fluctuations price of it. Believe it or not, people are move from cash to digital money usage. Governments support electronic transactions which provide lower cost of maintenance and better supervision. If we talk in macro economy scope, the fiat money system was already create very big chaos, government always spend more money or create fiscal policy to balance the economy and improve it litle by litle but the inflation of fiat money always cause very bad impact to the economy. I personally prefer to save gold rather than fiat but it is not practical. So I still need fiat as well. I hope there are medium of exchange that the price always moves in line with gold price. Believe me, our economy will be better. https://twitter.com/francispouliot_/status/1049313082344988673?s=21
Quote
"Buying Bitcoin is about exiting fiat. It's a bet on the future collapse of fiat money financial system. Bitcoin is the only viable alternative. It's vastly superior as censorship-resistant medium of exchage, store of value, network effect, unit of account than all competitors."
He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?
" The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. " - http://www.resourceinvestor.com/2011/01/23/time-different-dollar
People know fiat currencies will eventually fail, so statements like this is not totally exaggerated if you take it from that context. It is not as if Bitcoiners want fiat to fail, they rather know what the end result will be and they are giving people advance notice that it is going to happen.
Why should people ignore the signs of a massive tornado, if they can prepare for it? Bitcoin is Plan B, when these fiat currencies start failing.
People know fiat currencies will eventually fail, so statements like this is not totally exaggerated if you take it from that context. It is not as if Bitcoiners want fiat to fail, they rather know what the end result will be and they are giving people advance notice that it is going to happen.
Why should people ignore the signs of a massive tornado, if they can prepare for it? Bitcoin is Plan B, when these fiat currencies start failing.
It is not easily that possible in my opinion. Do you really believe the top whale-cummulators of all whale-cumulators' and their masters will not move and manipulate their politician puppets to protect their interests? A world war would have to break out first before something can bring down their fiat "playground", if it can bring it down.
Yes, they have done it before and they will do it again. The masters of the fiat system would have moved their "wealth" into another store of value, long before the collapse would happen, because they are the architects of this system and they know when it will collapse.
Do not underestimate the resolve of these maniacs, just look at the damage that were done with the 2008 financial crisis. Tax money cannot bail out these people forever.
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