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That you won't have to sell your bitcoins doesn't imply the "whole economic system collapses". It just means you can buy all the goods and services you need dir
by jstanley 9y ago
That you won't have to sell your bitcoins doesn't imply the "whole economic system collapses". It just means you can buy all the goods and services you need directly in bitcoin.
- divanvisagie 9y agoYeah , I do think there are those who believe in a collapse of normal economic systems but the reality is that things would probably just transition to it.
- remarkEon 9y agoThat makes no sense whatsoever. If I can buy everything in BTC that demonstrates that something happened very wrong that makes USD untenable for basic, or any kind of, transaction.
- StavrosK 9y agoThat's a very American-centric view. The fact that Amazon UK accepts orders in euros doesn't mean that the pound is untenable for any transaction. Similarly, Amazon accepting Bitcoin (thus meaning you can buy almost everything with BTC) doesn't make the dollar obsolete.
- remarkEon 9y agoPlease. Normal Forex is not the same as a deflationary crypto currency being trusted enough for normal transactions. If in the future I indeed can buy everything with cryptocurrency then I stand by my feeling that something must’ve gone quite wrong.
- jstanley 9y agoWhy is it not the same? It'll be fine.