Topic: Which country looses the most when Bitcoin becomes the Currency of Planet Earth - page 3. (Read 4569 times)
July 01, 2015, 12:37:26 PM
I also beleive that countries endowed with more natural resources will gain through Bitcoins massively.
June 29, 2015, 10:09:54 AM
U.S.A is country with many rich also
they aren't for sure among those that will lose more, at best they will lose those little taxes from who are not declaring bitcoin(i'm wondering how many are actually declaring taxes coming from bitcoin) which could be big if bitcoin reach mainstream, they were also the first to regulate bitcoin
russia also do not want to lose this opportunity and are regulating it, so i think russia is still on track to not lose much from bitcoin if it become big one day
June 29, 2015, 07:37:26 AM
U.S.A is country with many rich also
June 28, 2015, 10:52:05 PM
Along with the country which holds the largest amount of dollar reserves - China. 
US Dollar reserves (mostly in the form of United States treasury bonds) accounts for less than 50% of the Chinese Forex Reserves, unlike the case with certain countries such as Japan. And right now, they are dumping those bonds, and increasing other currency holdings such as EUR and UKP, as well as increasing their gold reserves.
June 28, 2015, 08:36:07 PM
The country with the strongest, the most widespread and the quasi standard of international transactions currency of the world: USA!
Along with the country which holds the largest amount of dollar reserves - China.
June 28, 2015, 08:21:46 PM
The "free-market" bailout solution would be for another exchange, perhaps Bitstamp, to buy Mtgox and assume their customers, assets and liabilities. MtGox itself did this in 2011 with a polish exchange that accidentally lost 17k BTC.
This would, of course, require MtGox to have accurate accounting statements to show potential buyers.
This would, of course, require MtGox to have accurate accounting statements to show potential buyers.
June 28, 2015, 07:46:39 AM
Russia 
No. Russia will not be affected as much as the other countries, because it is having a positive trade balance (means that it's exports are worth much more than its imports). Russia is a major exporter of minerals, metals and other natural resources, such as crude oil, natural gas, aluminum, copper, steel.etc. It will be left with surplus Bitccoin from its trade balance.
June 28, 2015, 06:23:04 AM
The country with the strongest, the most widespread and the quasi standard of international transactions currency of the world: USA!
June 28, 2015, 04:23:30 AM
Russia
June 28, 2015, 03:16:26 AM
The war plane carriers will be stuck somewhere without fuel, the soldiers team up with local women and start producing vegetables for the free market.
The United States import some 9,220,000 barrels of crude every day, worth some $600 million at current prices. The annual crude bill comes to $219 billion. Right now, they don't have a problem with it, as the trade is conducted almost exclusively in the US Dollar. But imagine what would happen, if the producers demand that they pay with Bitcoin.
June 27, 2015, 05:31:28 PM
To reply to OP's question:
I think that the countries that invested the most into it. Germany and a county in Iceland I think that changed it's name to reflect it's reliance on bitcoin for it's economy.
I think that the countries that invested the most into it. Germany and a county in Iceland I think that changed it's name to reflect it's reliance on bitcoin for it's economy.
June 27, 2015, 04:08:38 PM
First off, that will never happen, since there will always be other fiat currencies, that being said, the better question would be;
who would loose the most if/when bitcoin becomes reserve currency? In either case, USD and CNY would suffer the most, since they are,imho, most
spread out and used currently as such, withouth economy prosperous enough to support all the printed/issued money.
cheers
who would loose the most if/when bitcoin becomes reserve currency? In either case, USD and CNY would suffer the most, since they are,imho, most
spread out and used currently as such, withouth economy prosperous enough to support all the printed/issued money.
cheers
June 27, 2015, 03:17:20 PM
The Americans will be devastated, if Bitcoin becomes the currency of planet earth. If that happens, how they are going to sell their debt? The United States treasury bonds will lose all their value, and the Americans will be forced to reduce government spending. And in turn, this will slow down the American war machine, thereby saving millions of lives around the world every year.
The war plane carriers will be stuck somewhere without fuel, the soldiers team up with local women and start producing vegetables for the free market.
June 27, 2015, 03:15:12 PM
Well it would not hurt the USA as it not going to happen.
Frankly it would be an impossibility.
Most likely it will be a commodity like gold, silver or platinum.
Frankly it would be an impossibility.
Most likely it will be a commodity like gold, silver or platinum.
It has not happened, therefore it can not happen. yeah right.
June 27, 2015, 03:14:11 PM
Who controls world economy? USA. (US Dollar)
And they'll loose. (I mean USA's government not people).
And they'll loose. (I mean USA's government not people).
Excactly.
June 27, 2015, 02:49:58 PM
wouldnt they loose a lot of money as bitcoin doesnt require any fees?
It is not as fees structures sort of, Look Bitcoin is an open accounting system, it is open trading for everyone and it's work based upon p2p environment, there is very very few transactions charges which counts as buying and selling rates, as if you sell and buy anything, their must be some exchange values and profits, it is trading business not a charitable trust or society, But very very worth compare to other financial institutional banking process. June 27, 2015, 01:49:51 PM
Which country looses the most when Bitcoin becomes the Currency of Planet Earth?
Additionally what happens to those pesky regulatory/"aiding" bodies, IMF, World Bank, SWIFT.
I have got my presumptions, what's your's?
Additionally what happens to those pesky regulatory/"aiding" bodies, IMF, World Bank, SWIFT.
I have got my presumptions, what's your's?
US will be lost more if bitcoin moon and will be main payment in world, because Us dollar will be down
Bitcoin is limited only 21m and Us dollar can printing everyday without limit
Bitcoin is a beautiful currency. It is digital money that solves many of the problems our current currencies suffer from and introduces many other uncertainties we never had to deal with before. If such a currency becomes the currency of planet earth, of course the planet will benefit. But with the replacement of the other currencies, all markets will be affected and all countries might lose some and gain some. Such a scenario seems highly uncertain as of now.
June 27, 2015, 01:48:20 PM
The Americans will be devastated, if Bitcoin becomes the currency of planet earth. If that happens, how they are going to sell their debt? The United States treasury bonds will lose all their value, and the Americans will be forced to reduce government spending. And in turn, this will slow down the American war machine, thereby saving millions of lives around the world every year.
June 27, 2015, 01:11:53 PM
Well it would not hurt the USA as it not going to happen.
Frankly it would be an impossibility.
Most likely it will be a commodity like gold, silver or platinum.
Frankly it would be an impossibility.
Most likely it will be a commodity like gold, silver or platinum.
June 27, 2015, 01:00:24 PM
Who controls world economy? USA. (US Dollar)
And they'll loose. (I mean USA's government not people).
And they'll loose. (I mean USA's government not people).
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