Topic: What would happen if BTC was the main economic currency and yet.. (Read 935 times)
The world economy would collapse as the transaction speed and volume potential (ie number per block) are not yet big enough to support the global economy.
October 01, 2014, 07:27:40 AM
It lost 2/3rd of its' value within a year like what happened in 2014? Imagine if everybody lost 2/3rd of their purchasing power? What would the economic results of this be?
If BTC was the main economic currency, it would not be volatile.
https://www.youtube.com/watch?v=dr4y9vBApz0
October 01, 2014, 07:13:44 AM
It lost 2/3rd of its' value within a year like what happened in 2014? Imagine if everybody lost 2/3rd of their purchasing power? What would the economic results of this be?
If BTC was the main economic currency, it would not be volatile. A whale with $10 million might be able to move the price by a penny.
This is like saying what if USD lost 2/3rd of it's value within a year, something this big doesn't move that fast.
October 01, 2014, 05:39:20 AM
I think, this world will be a virtual world.
October 01, 2014, 05:30:31 AM
The Fed would do anything so this shouldn't happen.
And if it already happened, they would try to stabilize it.
And if it already happened, they would try to stabilize it.
October 01, 2014, 05:17:15 AM
It lost 2/3rd of its' value within a year like what happened in 2014? Imagine if everybody lost 2/3rd of their purchasing power? What would the economic results of this be?
If BTC was the main economic currency, it would not be volatile. A whale with $10 million might be able to move the price by a penny.
October 01, 2014, 04:40:34 AM
It lost 2/3rd of its' value within a year like what happened in 2014? Imagine if everybody lost 2/3rd of their purchasing power? What would the economic results of this be?
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