Obviously if this happens, a lot of new millionaires, billionaires and maybe even trillionaires will be born. Do you think this would have a large impact on society? Would this cause nocoiners to become the new low class? Would prices of every day goods rise? Would Fiat currency even be worth anything? Or would we just have a lot of new money in an otherwise unchanged society?
(Hopefully) obviously, this post is purely hypothetical and in reference to John McAfee's prediction.
Well this is likely to bring in a whole range of different problems, banks would freeze some accounts based on account activity (Hopefully) obviously, this post is purely hypothetical and in reference to John McAfee's prediction.
and knowing crypto supporters are spread out everywhere around the world this wouldn't affect prices of goods and services as people won't be spending their funds immediately and if they/we do most likely this would be for things like real estates, new cars or possibly reinvestment...so not much of a direct impact on society.
Well i don't think anyone holding a significant amount of bitcoins would dare deal with banks anymore if indeed the price goes up to mcafee levels. Though i'm not quite convinced yet how the guy's that confident about btc in such a short amount of time. Of course a lot of people, icluding me, would be extremely happy if that happens and the guy won't need to eat his own manhood, but i don't see how it'll work
