If these currencies are so valuable and doing so well then why is everyone poor? Answer me that.
Everyone isn't poor. The net worth of the world is estimated at $223 trillion.
Topic: If bitcoin becomes world's reserve currency? (Read 3184 times)
Everyone isn't poor. The net worth of the world is estimated at $223 trillion.
that would be interesting, maybe 50 years later we might see bitcoin becoming a world reserve currency
You've heard of separation between church and state.
Well, How about a complete separation of economy and state?
Huh? Who's with me?
Well, How about a complete separation of economy and state?
Huh? Who's with me?
The who will save the week from the bad and powerful players in that economy...
Bad and powerful players are part of the state apparatus, Economic actors must serve customers and keep them happy to realize "selfish" profits.
Or are you suggesting that without the state to hold your hand, you would keep eating at a dirty restaurant which daily gives you diarrhea.
Do you need protection from Subway subs? Or the cops and "blowback"?
Windows is a monopoly that needs to be busted but the Federal Reserve Bank is blessed?!?
If these currencies are so valuable and doing so well then why is everyone poor? Answer me that.
Everyone isn't poor. The net worth of the world is estimated at $223 trillion.
the average life savings of people is $44k (rounded and exchanged from native countries currency into dollars)
223trillion / 7billion people = $31840
so the $223trillion figure does not compute.. the number should be higher
also many people are millionaires, billionaires, meaning for every millionaire there is atleast 20+ people with nothing saved in their bank accounts
for every billionaire they hold the life savings wealth that would/should have been spread amongst 20 thousand people.
so i think you will find that not every single person actually had $30k-$45k life savings. rather, the reality shows 1 billionaire vs 20k poor.. is the more factual statistic
Hi Franky - I just PM'ed you - need your help with an issue I'm currently having.
assuming that figure is true, if everyone would put their life savings in bitcoin instead of local currency, bitcoin would be valued ~$1 500 000 (for 21 million coins)
for 13 million coins it's ~$2 400 000
Probably not even accounting for gold and other assets
If these currencies are so valuable and doing so well then why is everyone poor? Answer me that.
Everyone isn't poor. The net worth of the world is estimated at $223 trillion.
the average life savings of people is $44k (rounded and exchanged from native countries currency into dollars)
223trillion / 7billion people = $31840
so the $223trillion figure does not compute.. the number should be higher
also many people are millionaires, billionaires, meaning for every millionaire there is atleast 20+ people with nothing saved in their bank accounts
for every billionaire they hold the life savings wealth that would/should have been spread amongst 20 thousand people.
so i think you will find that not every single person actually had $30k-$45k life savings. rather, the reality shows 1 billionaire vs 20k poor.. is the more factual statistic
Hi Franky - I just PM'ed you - need your help with an issue I'm currently having.
To be honest I can't see it become the reserve currency of the world. The major governments wouldn't let it happen.
Assuming the choice will be in the hands of governments, and not in the hands of the people. Push come to shove, in the 21st century, all governments serve at the pleasure of their people. 
If these currencies are so valuable and doing so well then why is everyone poor? Answer me that.
Everyone isn't poor. The net worth of the world is estimated at $223 trillion.
the average life savings of people is $44k (rounded and exchanged from native countries currency into dollars)
223trillion / 7billion people = $31840
so the $223trillion figure does not compute.. the number should be higher
also many people are millionaires, billionaires, meaning for every millionaire there is atleast 20+ people with nothing saved in their bank accounts
for every billionaire they hold the life savings wealth that would/should have been spread amongst 20 thousand people.
so i think you will find that not every single person actually had $30k-$45k life savings. rather, the reality shows 1 billionaire vs 20k poor.. is the more factual statistic
United States will never accept that.
In this case - for once - it's up to the people of these United States, and not up to the Oligarchs of USA Inc. We the People will embrace crypto and reject fiat, and in doing so we will sever the strongest of the threads the puppetmasters use to control us. Money.
This will also destroy the wealth of any oligarchs stupid or stubborn enough try to cling to their power over us via fiat scrip.
Say goodbye to credit scores, by the way.
Why goodbye to credit scores? There are people trying to implement credit scores with Bitcoin, nothing to stop someone from rating you and then getting lenders onboard to listen to them. :-(
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
You've heard of separation between church and state.
Well, How about a complete separation of economy and state?
Huh? Who's with me?
Well, How about a complete separation of economy and state?
Huh? Who's with me?
The who will save the week from the bad and powerful players in that economy...
save the weak from what?
save them from people like con artists
Valid point.
Personally though, I prefer free market solutions like BBB, ripoffreport,
consumer report, etc... over government run consumer protection.
You've heard of separation between church and state.
Well, How about a complete separation of economy and state?
Huh? Who's with me?
Well, How about a complete separation of economy and state?
Huh? Who's with me?
The who will save the week from the bad and powerful players in that economy...
save the weak from what?
save them from people like con artists
To be honest I can't see it become the reserve currency of the world. The major governments wouldn't let it happen. Maybe they will create their own cryptocurrencies in some fashion, but they'll probably only make it if they have complete control over it, but maybe an actual decent government will use it fairly in the future.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
You've heard of separation between church and state.
Well, How about a complete separation of economy and state?
Huh? Who's with me?
Well, How about a complete separation of economy and state?
Huh? Who's with me?
The who will save the week from the bad and powerful players in that economy...
save the weak from what?
I personally believe cryptocurrency is the last stage of capitalism, the transition economy to the end of this neo-feudal society, toward a better, more just, more humane, more open, less deceptive society.
I suppose that is up to the next generation, the ones turning 18 now, and the ones being born now. Maybe some of them are reading this. I sure hope so. We need their creativity, their energy, their youthful wisdom.
I suppose that is up to the next generation, the ones turning 18 now, and the ones being born now. Maybe some of them are reading this. I sure hope so. We need their creativity, their energy, their youthful wisdom.
You've heard of separation between church and state.
Well, How about a complete separation of economy and state?
Huh? Who's with me?
Well, How about a complete separation of economy and state?
Huh? Who's with me?
The who will save the week from the bad and powerful players in that economy...
If bitcoin becomes world's reserve currency the fraudolent bank system will dead.
We will have an honest money and a honest society.
The fraudolent and disastrous industrial policy of policy maker, in collusion with the bank system, will stop!
We will have an honest money and a honest society.
The fraudolent and disastrous industrial policy of policy maker, in collusion with the bank system, will stop!
Well fucking said.
"Billed shall be the warmongers! And then we get peace."
-Stefan Molyneux
If bitcoin becomes world's reserve currency the fraudolent bank system will dead.
We will have an honest money and a honest society.
The fraudolent and disastrous industrial policy of policy maker, in collusion with the bank system, will stop!
We will have an honest money and a honest society.
The fraudolent and disastrous industrial policy of policy maker, in collusion with the bank system, will stop!
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
You've heard of separation between church and state.
Well, How about a complete separation of economy and state?
Huh? Who's with me?
Well, How about a complete separation of economy and state?
Huh? Who's with me?
For BTC to become a reserve currency it would first have to be adopted as a national currency.
Interesting assertion. What is your rationale?
"A reserve currency is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves."
So for BTC to become a 'formal' reserve currency e.g. where one country buys oil or coal etc from another country, those governments would first have to formally pass that ability into law. OTOH it could certainly become a de facto reserve currency (earthcoin) over time.
For BTC to become a reserve currency it would first have to be adopted as a national currency.
Interesting assertion. What is your rationale?
For BTC to become a reserve currency it would first have to be adopted as a national currency.
Interesting assertion. What is your rationale?
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