The english comment, I must say, caught me by surprise. Didn't notice a single phrase that wasn't technically correct. Incredible.
If the people pull their wealth from the banks and move it to blockchain, even 10%, the system will likely collapse. If ten percent of the money was pulled out of the stock market, all pension funds would go red, bailouts would be fought over, government revenue would plummet, and more people would jump ship.
I just can't see how these can exist, fiat and block chain, side by side. One is lawful and fair, the other is criminal and controlled. One is climbing daily, the other is losing spending power at a seriously negative rate. The USD has lost 98% of its value since 1913? No one would back fiat, except the few that actually pull the levers.
I would love them to occur side by side until the day I pass. I suspect they won't, because fiat has nothing attractive over blockchain. Except the ability to keep the grid running, and I guess, the military complex in place.
hard to argue with that... I gues we'll see, crypto is still a very young technology, I guess the next decade will tell us more about its impact on our world
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Well said.. People should really be shown and educated as to what is going on in the system before it's too late. I know one Youtuber who had a family in Venezuela who had to rely on his Bitcoins during their time of economic crisis. Just one of the things Bitcoins are trying to solve.
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Yeah. I'm kinda never hoping to need that, but absolutely recognize its possibility. We travel with PM's and haven't yet lost our bitcoins in any boating accident, but really, because we're a pair of full time photographers, there really aren't very many of each.
May btc be there for all of us, should the house of cards collapse while we still have the need to eat.
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