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Topic: Dollar coming to an end - page 5. (Read 34949 times)

sr. member
Activity: 308
Merit: 250
( -_・)ノ-=≡[$(∞)$]
March 06, 2015, 08:09:39 AM
I'm waiting for the world to start using bitcoins.
that would be easier
1 world 1 currency  Grin
full member
Activity: 159
Merit: 100
March 06, 2015, 07:47:41 AM
Bitcoin is probably the single biggest threat to the USD and therefore a threat to China.

Lol the only threat to the dollar is the dollar and the fed, btc plays no part in a threat to it unfortunately it dwarfs it into un imaginable figures. The dollar will still be here long after we are all gone. If it comes to an end then that is the apocalypse imo and the end of life as we know it.

Exactly what I was going to say. The dollar as well as any other currencies will probably consume themselves eventually. You can't just keep printing money to try get your self out of economic troubles or financial collapse is inevitable. I certainly think bitcoin could grow in use if a big currency did collapse but it wont be the cause of it.
legendary
Activity: 1358
Merit: 1000
March 06, 2015, 05:19:06 AM
Bitcoin is probably the single biggest threat to the USD and therefore a threat to China.
How can it be a threat to china if it makes USD weaker? Anything that makes USD weaker is good news for china.

Not really. China is an export-oriented economy. Their exports become less competitive is the USD weakens (or conversely if CNY strengthens)
legendary
Activity: 1358
Merit: 1014
March 05, 2015, 02:55:22 PM
Bitcoin is probably the single biggest threat to the USD and therefore a threat to China.
How can it be a threat to china if it makes USD weaker? Anything that makes USD weaker is good news for china.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
March 05, 2015, 01:53:46 PM
To the OP, so what's your point of view based on the article? What do you want us to comment on?

It's been nearly a year and the Dollar is still strong.
hero member
Activity: 784
Merit: 1000
March 05, 2015, 12:51:27 PM
Okay lets just stop this thread.  BTC currently is absolutely 0 threat to the dollar.  The dollar will not be going away in our lifetime, and probably your kids lifetime as well. 
D4C
newbie
Activity: 47
Merit: 0
March 05, 2015, 12:45:22 PM
There's no reason for the dollar to collapse in the foreseeable future and even if it did there's no reason to expect bitcoins to replace it.
sr. member
Activity: 433
Merit: 250
BTG CEO
March 04, 2015, 11:48:43 PM
Bitcoin is probably the single biggest threat to the USD and therefore a threat to China.

Lol the only threat to the dollar is the dollar and the fed, btc plays no part in a threat to it unfortunately it dwarfs it into un imaginable figures. The dollar will still be here long after we are all gone. If it comes to an end then that is the apocalypse imo and the end of life as we know it.
full member
Activity: 197
Merit: 100
March 04, 2015, 11:43:57 PM
Bitcoin is probably the single biggest threat to the USD and therefore a threat to China.
hero member
Activity: 496
Merit: 500
Spanish Bitcoin trader
March 04, 2015, 10:16:52 AM
Before the USD, it was the GBP and prior to that it was the Spanish Pesetta.

The peseta was created in 1869. You probably mean the Spanish dollar.

http://en.wikipedia.org/wiki/World_currency
hero member
Activity: 700
Merit: 500
March 04, 2015, 08:48:22 AM
It is funny when people here bash the USD when their currency is BTC.  I hate to break it to you guys want one has been around longer and probably will also be around longer after.
LOL no way. USD is set to collapse, all fiats have a cycle, BTC is a paradigm shift and no one can predict the outcome.

The value of fiat is permanently decreasing but btc is inflating faster than usd at this current moment. more btc are being minted in comparison to usd
Then again , bitcoin is a very new currency. after most of the btc have been mined out , and the world has started to realise how revelutionary bitcoin is , only then we'll start seeing crazy market caps on bitcoin.
sr. member
Activity: 294
Merit: 250
March 04, 2015, 03:36:45 AM
It is funny when people here bash the USD when their currency is BTC.  I hate to break it to you guys want one has been around longer and probably will also be around longer after.
LOL no way. USD is set to collapse, all fiats have a cycle, BTC is a paradigm shift and no one can predict the outcome.

The value of fiat is permanently decreasing but btc is inflating faster than usd at this current moment. more btc are being minted in comparison to usd
legendary
Activity: 1358
Merit: 1000
March 03, 2015, 08:58:49 PM
Why don't you go and ask a common man on a street, "which would you like, US Dollars or bitcoins?" 999999 out of 1000000, he will answer "US Dollars, please."

As long as US maintains its military superiority over any other nations in the world, their currency will rule supreme.

Bitcoin at this stage is just an experiment, albeit one with a huge potential to disrupt existing financial systems and institutions.

At the end of the day, most people will look at bitcoins and just shrug their shoulders. Bitcoin just doesn't replace US$ at this time. We have long ways to go to win the hearts and minds of the people. Bitcoin works better as a commodity, not as currency, and this will continue to be the case for a loooooooooooooooooooong while, if not forever.

The USD has been the world's reserve currency for quite some time now.
Maybe it is time some other currency took over.
Before the USD, it was the GBP and prior to that it was the Spanish Pesetta.
Maybe the time is ripe for Bitcoin to take over.
full member
Activity: 224
Merit: 100
March 02, 2015, 11:03:03 PM
Why don't you go and ask a common man on a street, "which would you like, US Dollars or bitcoins?" 999999 out of 1000000, he will answer "US Dollars, please."

As long as US maintains its military superiority over any other nations in the world, their currency will rule supreme.

Bitcoin at this stage is just an experiment, albeit one with a huge potential to disrupt existing financial systems and institutions.

At the end of the day, most people will look at bitcoins and just shrug their shoulders. Bitcoin just doesn't replace US$ at this time. We have long ways to go to win the hearts and minds of the people. Bitcoin works better as a commodity, not as currency, and this will continue to be the case for a loooooooooooooooooooong while, if not forever.
hero member
Activity: 700
Merit: 501
March 02, 2015, 09:21:00 PM
It is funny when people here bash the USD when their currency is BTC.  I hate to break it to you guys want one has been around longer and probably will also be around longer after.
LOL no way. USD is set to collapse, all fiats have a cycle, BTC is a paradigm shift and no one can predict the outcome.
legendary
Activity: 1358
Merit: 1000
February 28, 2015, 08:11:50 PM
What nations like Greece should do in the middle of an up and coming collapse is adopt Bitcoin on the side so the people has a way to store their wealth outside the system, its clear people is going to get all of their money out of the banks, mark my words for june.

Greece can't adopt Bitcoin; Greeks definitely can convert a portion of the money they have into bitcoins.
It will probably save them from misery later on.
hero member
Activity: 826
Merit: 1000
February 28, 2015, 02:06:46 PM
What nations like Greece should do in the middle of an up and coming collapse is adopt Bitcoin on the side so the people has a way to store their wealth outside the system, its clear people is going to get all of their money out of the banks, mark my words for june.

Its a tourist nation, they have no export to handle there own debts.

Which is why they end up being "hey, lend me your lunch money again, I forgot it at home" story all the time on the news.

Nothing will change for them unless they have some sort of production. Now look at china, that we all love. Our iphones says everything $1 billion dollar company apple makes how many units over there provided by foxconn."Made in china" but not "Made in Greece"

full member
Activity: 154
Merit: 100
That Darn Cat
February 28, 2015, 01:52:30 PM
It is funny when people here bash the USD when their currency is BTC.  I hate to break it to you guys want one has been around longer and probably will also be around longer after.
legendary
Activity: 1204
Merit: 1028
February 28, 2015, 01:43:06 PM
What nations like Greece should do in the middle of an up and coming collapse is adopt Bitcoin on the side so the people has a way to store their wealth outside the system, its clear people is going to get all of their money out of the banks, mark my words for june.
hero member
Activity: 1022
Merit: 500
February 27, 2015, 11:52:10 AM
The dollar collapsing is about massive inflationary policy and no amount of imported talent will save it.

It delays the problems and buys time to the government if people are creating a lot of value and wealth in the USA.
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