Current Events > Is bitcoin going to become the standard currency and make other money useless?

(+) Yeah! (+)

Think about how much these bitcoins are worth and the momentum they're gaining.

It's going to be like 1930s Germany where you had to carry wheelbarrows full of money down the street to buy a loaf of bread. The guys with the bitcoins are going to be fucking laughing.
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I hope not. I like my currency more stable.
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It would have to have value as a currency before it could be a standard currency
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Not until the major exchange isnt manipulating the market
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No. It's too much like a commodity to be a currency and too much like a currency to be a commodity.

When that day comes, the world will go into chaos.

You'll people who'll end up getting rich, then getting poor, then getting rich, then getting poor. All in the matter of a years time.

If anything, I don't think it will be the next currency.
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Absolutely.

10 years from now, theyll be burning paper dollars in furnaces to power the bitcoin mining machines

Dash_Harber posted...

No. It's too much like a commodity to be a currency and too much like a currency to be a commodity.

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Stagmar posted...

I hope not. I like my currency more stable.

Bitcoin (or the dominant crypto currency) will follow an S curve through its adoption by the masses. When it solves scalibility we will see whole countries convert to Bitcoin as its currency and the price will explode up to $500K, at this point the price will follow a logarithmic curve where the price will stabilize and increase something modest like 10% a year

REMercsChamp posted...

Dash_Harber posted...

No. It's too much like a commodity to be a currency and too much like a currency to be a commodity.

I'm not sure if you are saying I'm stupid, that I'm strawmanning, or that I spend my free time chasing crows around fields and fighting Batman.

Spooking posted...

I don't see it happening until it has government control and is unhackable. Didn't Bitcoin just get hacked for 70 million?

That was a mining website, their hot wallets got hacked.

Dash_Harber posted...

REMercsChamp posted...

Dash_Harber posted...

No. It's too much like a commodity to be a currency and too much like a currency to be a commodity.

I'm not sure if you are saying I'm stupid, that I'm strawmanning, or that I spend my free time chasing crows around fields and fighting Batman.

He thinks you're a Batman villain obviously.
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Spooking posted...

I don't see it happening until it has government control and is unhackable. Didn't Bitcoin just get hacked for 70 million?

Look at this fucking guy - we finally have a currency that's free from government control and this guy wants more government regulations so they can continue screwing us over. No, we need this DEREGULATED to give power to the people and put the reigns of history BACK in the hands of man.
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REMercsChamp posted...

Spooking posted...

I don't see it happening until it has government control and is unhackable. Didn't Bitcoin just get hacked for 70 million?

Look at this fucking guy - we finally have a current that's free from government control and this guy wants more government regulations so they can continue screwing us over. No, we need this DEREGULATED to give power to the people and put the reigns of history BACK in the hands of man.

My hands of man, you mean rich business people who control the ICOs and have the power to advertise their coins in the first place?

REMercsChamp posted...

Spooking posted...

I don't see it happening until it has government control and is unhackable. Didn't Bitcoin just get hacked for 70 million?

Look at this fucking guy - we finally have a currency that's free from government control and this guy wants more government regulations so they can continue screwing us over. No, we need this DEREGULATED to give power to the people and put the reigns of history BACK in the hands of man.

Good luck finding anything that takes off, not being regulated by the government.
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Itll be the main currency, government will still officially use world wide dollar or something like that.
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I'm finding it hard to respond to you guys trying to sift through all the bias, strawman arguments, ad hominem attacks and "no true Scotsman" logical fallacies. You're over complicating a very simple thing. How I see it, it's a two step process:

1. Reigns of history
2. Back in the hands of man
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REMercsChamp posted...

I'm finding it hard to respond to you guys trying to sift through all the bias, strawman arguments, ad hominem attacks and "no true Scotsman" logical fallacies. You're over complicating a very simple thing. How I see it, it's a two step process:

1. Reigns of history
2. Back in the hands of man

You are ignoring everything I said to state some bullshit propaganda rhetoric ...

Oh, who am I kidding? You are trolling and we all know it. The only reason we all keep responding is that of some self-destructive symbiotic relationship where you get off on pissing us off and we get off on telling you how wrong you are. Then we all argue about it for 100 posts or so, and it dies off with some random bumps every few days of someone who actually answers your question but ignores the 100 posts of ridiculous back-and-forth between you and us.

Ugh.

Bitcoins are "House of Cards": Millionaire today. Broke tomorrow.

clearaflagrantj posted...

Spooking posted...

I don't see it happening until it has government control and is unhackable. Didn't Bitcoin just get hacked for 70 million?

That was a mining website, their hot wallets got hacked.

That's some mining company in Eastern Europe.

Earlier this week, North Korea hacked Youbit, one of South Korea's bitcoin exchanges, causing it to declare bankruptcy (this was the second hack this company faced).