Here is the US dollar and its inflation since 1900 in "purchasing power"
And here is the "purchasing power" or value of bitcoin
remember, each bitcoin isn't just $1800 but 1 US Dollar equals 0.00058 Bitcoin ! thats how WORTHLESS one dollar is and how truly cheap items sold for $1 are!
If "bitcoin" were a country..well if bitcoin was a country it would have been bombed by the Globalists along time ago.....LOL what I meant to say is, if bitcoin was USED by a country as its national currency, (maybe a small country) they would enjoy an insane amount of wealth from a non inflationary currency!
Right now in mid 2017 all crypto currency wealth is around 50 Billion US dollars and we need to get up to at LEAST 1 to 10 trillion to totally replace the fiat paper money supply....We probably wont have to replace the entire M3 money supply of ALL the fiat paper and fiat digital money in the world because " That figure is around $60 trillion. And the last figure, the $75 trillion M3, is much more abstract and not often cited in official figures. It includes institutional money market funds, long term deposits, and other stuff rich people possess that can somehow be spent but confuses the rest of us." while the paper money supply is more close to $1 trillion in the whole world of actual paper dollars and coins circulating....so if the United States wanted to replace its paper fiat money with bitcoin for both domestic and intentional currency markets....bitcoin would have to be purchased as a massive reserve, The US government would have to use T Bills or gold to purchase bitcoins at a loss to be able to even get people to sell them enough! And if we had bitcoins or another crypto currency that the US government could pre mine using massive NSA data centers, maybe they could make enough to totally replace the US dollar...
anyway my point is that once there is at least 1 trillion in crypto currency, the US government can go about purchasing it all up and then allowing people to exchange their paper dollars for paper bitcoin(preloaded with bitcoin) and digital dollars for regular bitcoin!
This might just be going on organically...maybe the big governments and central banks will try to start their own blockchains and out compete the bitcoin network with just raw computing power and by artificially making it valuable by buying up its own blockchain like facebook or apple buying back its own shares?
Seriously I have been thinking about this and I believe so have the big banks and government agencies and the Federal reserve! Either we all switch to bitcoin and altcoins or they design, premine, and pump real dollars into a Google Coin or a FedCoin but those will fail, they have to just adopt bitcoin...The federal reserve could just buy up all the bitcoins by setting up an exchange with at least 30 billion plus enough to pay 10 percent or whatever more, an people would all just mine and mine untill all the last bitcoins are mined, if the government was artificially purchasing them....
Imagine that! imagine the government sets up an exchange that just uses federal reserve notes printed up to buy up all the bitcoins, even offering cash for bitcoins at Bank Branches LOL and offering DOUBLE what people normal pay for bitcoin! People would make a quick living selling bitcoins to the federal reserve...and once the fed has most of all the bitcoins, tthey can either destroy they by erasing the cold paper wallets or the harddrives te keys are on....but that will just make altcoins price go up!
so they would have to buy up ALL the bitcoins AND the altcoins...
an then people would just make NEW coins!
2027 Bitcoin and the blockchain become illegal worldwide...Bitcoin Miners and other crypto currency miners must turn to ccreating new ALt-Alt coins after the federal reserve bank along with the global central bankers buy up all the bitcoin and all existing altcoins...any programmers with knowledge of how to create a crypto currency are jailed....ant bitcoin censorship goes worldwide as central banks crack down on all crypto currency exchanges! Decentrally mined Altcoins like Zash try to resist but all laptops computers an smartphones running wallet or mining apps are confiscated! Zcash Ripple Steller and Steem programmers arrested and jailed! Anyone caught running a bitcoin or any altcoin node, wallet or miner is arrested and jailed!
2030 Poloniex goes on the darkweb! Creators and miners and users of Ripple, Steller, Ethereum, Steem along with many other popular altcoins create A New "Freedom Coin". It is then created and mined and is built to run on old Gameboys and Apple IIes and can be transmitted via CB Radio Modems....The price soars, freedom coin embolden hacker groups to build drones to fight the one world order cabal using their army of drones
end of part 1
I think it's important for one to distinguish between the conveyor of value (a currency or payment system) and the store of value (like a reserve asset for example).
For some reason most western folks tend to conflate the two. The USD has done pretty well in the latter role relative to many others.
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