I think the bitcoin can win but it will take some time that is one thing that is true for sure, bitcoin has still a long journey if it want to competitive to the dollar itself.
In my opinion its possible but it will still be even possible after 10 years maybe.
Topic: UPDATE - page 21. (Read 41038 times)
The dollar is a system specifically designed to rob its users. This is a fundamental point a lot of you don't seem to follow.
It's not about low fees or easy transfers. Its about buying into systemic fraud or not.
http://frass.woodcoin.org/funbux-per-joule/
It's not about low fees or easy transfers. Its about buying into systemic fraud or not.
http://frass.woodcoin.org/funbux-per-joule/
Your post makes zero sense. The dollar is a means of exchange, it is not an asset.
People don't have many dollars and people don't hold dollars as an investment. Dollars is what things are priced in and they are a means of exchange. Graphing the value of a dollar against an asset or comparing it to an asset over time doesn't even make sense.
Examples:
I work 40 hours a week. Is that dollars? No, I get paid in dollars. The number of dollars I get paid over time increases or decreases depending on the value of what I can produce (supply, demand, etc.)
I own a house. Is that dollars? No, that is priced in dollars but it is not dollars. The price in dollars increases or decreases over time depending on supply, demand, etc.
I own stocks, bonds, clothes, computers, furniture. Are those dollars? No, those are priced in dollars. The value fluctuates over time.
How many actual dollars do I own? I own what is in my wallet. How does that compare to my net worth? It is basically nothing.
I have money deposited in a bank account. Is that dollars? Not really. Dollars don't pay an interest rate (granted, the bank doesn't pay much these days). And the dollars aren't even in the bank, they are loaned out to someone else. That is the way banks operate.
Many bitcoin people fail to understand that the dollar is not an asset. Dollars are designed to go down in value over time a bit (inflation) because otherwise people would simply hoard them and economic activity would be much lower than it would be otherwise. Look what happened in the 2008/2009 timeframe when we had deflation. The price of everything went down. People lost their jobs, etc. That is what happens in a deflationary scenario.
But the main point is this, the dollar is not a n investment. It is what things are priced in. People don't hold dollars as an investment. They use them to exchange one asset for another (or service, etc.)
Thanks for your reply. What part of my post did you not understand? I'm not sure how your accurate description of a dollar as something that rational players wouldn't want to hold on to is relevant to what I wrote. It seems it is not in disagreement. What am I missing?
If I'm honest I'm thinking the dollar will win, the bitcoin is a future currency but it can collapse for sure.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
yeah all could happen in bitcoin. bitcoin could just disappear and unused if the price dropped to $ 1. maybeThe dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
for the moment, I agree with you. the dollar is stronger. they have been very large. markets and users that covers the entire globe. bitcoin could not match it
if thats really happend i will bought half of money i have for bitcoin .
If I'm honest I'm thinking the dollar will win, the bitcoin is a future currency but it can collapse for sure.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
yeah all could happen in bitcoin. bitcoin could just disappear and unused if the price dropped to $ 1. maybeThe dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
for the moment, I agree with you. the dollar is stronger. they have been very large. markets and users that covers the entire globe. bitcoin could not match it
The dollar is a system specifically designed to rob its users. This is a fundamental point a lot of you don't seem to follow.
It's not about low fees or easy transfers. Its about buying into systemic fraud or not.
http://frass.woodcoin.org/funbux-per-joule/
It's not about low fees or easy transfers. Its about buying into systemic fraud or not.
http://frass.woodcoin.org/funbux-per-joule/
Your post makes zero sense. The dollar is a means of exchange, it is not an asset.
People don't have many dollars and people don't hold dollars as an investment. Dollars is what things are priced in and they are a means of exchange. Graphing the value of a dollar against an asset or comparing it to an asset over time doesn't even make sense.
Examples:
I work 40 hours a week. Is that dollars? No, I get paid in dollars. The number of dollars I get paid over time increases or decreases depending on the value of what I can produce (supply, demand, etc.)
I own a house. Is that dollars? No, that is priced in dollars but it is not dollars. The price in dollars increases or decreases over time depending on supply, demand, etc.
I own stocks, bonds, clothes, computers, furniture. Are those dollars? No, those are priced in dollars. The value fluctuates over time.
How many actual dollars do I own? I own what is in my wallet. How does that compare to my net worth? It is basically nothing.
I have money deposited in a bank account. Is that dollars? Not really. Dollars don't pay an interest rate (granted, the bank doesn't pay much these days). And the dollars aren't even in the bank, they are loaned out to someone else. That is the way banks operate.
Many bitcoin people fail to understand that the dollar is not an asset. Dollars are designed to go down in value over time a bit (inflation) because otherwise people would simply hoard them and economic activity would be much lower than it would be otherwise. Look what happened in the 2008/2009 timeframe when we had deflation. The price of everything went down. People lost their jobs, etc. That is what happens in a deflationary scenario.
But the main point is this, the dollar is not a n investment. It is what things are priced in. People don't hold dollars as an investment. They use them to exchange one asset for another (or service, etc.)
If I'm honest I'm thinking the dollar will win, the bitcoin is a future currency but it can collapse for sure.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
if all people in the world have already educated in technology, they would prefer digital money than the physical because its benefits,bitcoin for sure can be collapsed,but it still has chance to growing up because people still don't know what is bitcoin and still using physical currency due too low of knowledge about technolgyThe dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
I don't understand why people don't accept the reality that even everything goes digital, people would continue to use dollar, they have no concern with bitcoins, and the fact is people will use both, but dollar will always have an upper hand.
Bitcoin is better for online purchases and transactions. Dollar or fiat is better for in real life transactions.
If I'm honest I'm thinking the dollar will win, the bitcoin is a future currency but it can collapse for sure.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
That's true dollar is too big in compare to bitcoins, and cannot easily disappear in future, and dollar will take care of us physically, and bitcoin will help us digitally, both are good holding great future ahead.
The dollar is a world currency yes. So first bitcoin will have to take out alternatives like paypal. Then VISA/Mastercard.
And believe me that will not happen within 10 years. CC companies have a really big turn over.
Yeah, and it would be really difficult for bitcoin to replace other major payment systems, and people who are using to this methods will continue to use this, they will use bitcoins too, but as a secondary.
If I'm honest I'm thinking the dollar will win, the bitcoin is a future currency but it can collapse for sure.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
That's true dollar is too big in compare to bitcoins, and cannot easily disappear in future, and dollar will take care of us physically, and bitcoin will help us digitally, both are good holding great future ahead.
The dollar is a world currency yes. So first bitcoin will have to take out alternatives like paypal. Then VISA/Mastercard.
And believe me that will not happen within 10 years. CC companies have a really big turn over.
If I'm honest I'm thinking the dollar will win, the bitcoin is a future currency but it can collapse for sure.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
That's true dollar is too big in compare to bitcoins, and cannot easily disappear in future, and dollar will take care of us physically, and bitcoin will help us digitally, both are good holding great future ahead.
1st my comment only Dollar and Bitcoin its Different
you can't compare it . its totally different thing .
bitcoin Cryptocurrency.
you can't compare it . its totally different thing .
bitcoin Cryptocurrency.
If I'm honest I'm thinking the dollar will win, the bitcoin is a future currency but it can collapse for sure.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
The dollar is already to big to get destroyed, also the banks will never let this gonna happen if you ask me.
Well dollars is everywhere turism works out with them,all people buy it and sell it ,the thing is those controls most the transactions worlwide.Bitcoin its a new coin and cant compete ,even if they wanna to make it happen it would be impossible since bitcoin has a supply limited,cant print new coins after mine ends atleast isnt predicted to happen.
The dollar is a system specifically designed to rob its users. This is a fundamental point a lot of you don't seem to follow.
It's not about low fees or easy transfers. Its about buying into systemic fraud or not.
http://frass.woodcoin.org/funbux-per-joule/
It's not about low fees or easy transfers. Its about buying into systemic fraud or not.
http://frass.woodcoin.org/funbux-per-joule/
although bitcoin is not as useful as dollar (cash money in general) it is getting there. we can't expect bitcoin to become used as much as dollar and replace it in a day.
for me bitcoin has many advantages like transfering large or very small amounts of money super fast all over the world without the need to a third party (like banks or paypal) and with lowest fee.
for me bitcoin has many advantages like transfering large or very small amounts of money super fast all over the world without the need to a third party (like banks or paypal) and with lowest fee.
As of now I don't see that bitcoin is as great as dollar, they might be different and have their own advantages, but when we look at the two in a broader way, all I could say that we are not living in a virtual world..we are buying our foods and almost everything with fiat...
Dollar and bitcoin can both coexist together and I think they can be very fine together. Dollar and BTC are the new signal for the new economical system for both of them covering online and offline field.
I think both will be very difficult to put together, and walked together to the future. because many users bitcoin. wanted to replace the dollar to bitcoin.
Many people choose Bitcoin. And the people that use Dollar dont trust Bitcoin and that is very bad.
I hope that more people will use Bitcoin, because Bitcoin is very easy to use and that is also very safe so it is pretty good.
I hope that more people will use Bitcoin, because Bitcoin is very easy to use and that is also very safe so it is pretty good.
Yeah those 2 are totally different. Bitcoin needs a electricity and internet. Fiat can be used everywhere. Even in small villages. And best of all.
Everybody accepts fiat.
Everybody accepts everything, it's just a question of negotiating a price.
Also you can use paper bitcoins where there is no electricity and internet.
The difference is that when you bring them somewhere with internet, you can verify they are real.
With fiat, you can never verify it's real. Because of course it isn't ever.
Bitcoin has a great potential but it needs a lot of work to take on something like the dollar.
Maybe in 5 years the cap of bitcoin will be bigger then the dollar.
Bitcoin is already is bigger than the dollar in online usage, but your opinion is also right. Bitcoin needs more work and time to be famous and to be more used in the physical world opposite to dollar, I think bitcoin would achieve this with less than 5 years also.Maybe in 5 years the cap of bitcoin will be bigger then the dollar.
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