— SteemCN

Thanks for your follow and your question.

I'm one of the co-founders of @idcinc, passing on what I've learned over the past year to the team... I recently made a facebook post that answers your question pretty well. TLDR: Perhaps not within five years, but definitely in the long run.

Facebook post:
My personal prediction is that before hyperinflation starts to happen here, the government will be forced to either issue their own cryptocurrency or use one of the existing dollar-pegged cryptocurrencies to save themselves and us(or our future generations) from complete turmoil on the way down. Because of the damage they've done, and depending on how much longer they prologue the inevitable, we(or they) will get x amount of USDT(or TrueUSD, NewGovernmentPrivacyInvasionCoin, etc) for a significantly larger y amount of USD. Luckily, no matter what coin it ends up being, bitcoin will still be there, stronger than ever. The quickest, smartest ones(including the ones in crypto before it happens) will be able to make the money they lost during the devaluation of the USD with minimal time/effort by buying into bitcoin and enjoying the crazy exponential rise as the masses feel even more compelled to get into it due to losing a significant percentage of their net worth.

Any money in the banks will likely be automatically credited to the corresponding recipients, and there will be a long process of turning in bills and coins for usable #crypto around the world. Merchants have stopped accepting fiat at this point because all the other countries are discarding their USD, causing everyone with USD to feel like an #altcoin enthusiast(msyelf) during a #bitcoin bear market, feeling the pain possibly even more than bitcoin #HODLers were over the last few months. It may sound as crazy and far-fetched as "9-11 was quite possibly an inside job/false flag" or "Tom was on time today"... but simply put, crazy shit happens every single day. Believe it or not, I've arrived on time for some things here and there. And, at the very least, WTC7 was not hit by a plane, so the only other logical explanation is a controlled demolition. "The engineers find it difficult to believe the government’s claim that scattered fires brought about such an orderly collapse. Failure of heat-weakened steel would show 'large deflection, asymmetric local failure, and slow progress.'" - http://www.911truth.org/explosive-testimony-revelations-twi…

I speculate that electing Ron Paul in 2008 would have been the only hope of maybe avoiding this extreme scenario, but the majority prefer to elect reality TV stars, warmongerers, and sex scandal aficionados to govern us instead... so be it. We might all be dead by the time it happens, especially with the current people in power around the world, but the demise of the USD is a damn near guarantee as far as I'm concerned, provided humanity makes it that far in the future.

Even if Ron Paul was to take over running the country for the rest of his life and live to be 120, the problem very quickly became three times worse after we failed to elect him... Reversing the problem enough from this point to make a difference I suspect would be less likely than Herbalife willingly giving back all the money they are accumulating by bankrupting unsuspecting immigrants looking for opportunity after their stock goes to shit during the impending Wall Street bear market and the SEC finally puts them out of business. (Betting On Zero on Netflix for more on that).

RE: Always remember to follow the rules Updates & New Links

You are viewing a single comment's thread from: