Quote from: leex1528 on January 27, 2015, 06:56:40 PM

Quote from: picolo on January 16, 2015, 03:43:21 PM

Quote from: BaselessBitcoin on January 16, 2015, 03:16:38 PM

Quote from: leex1528 on January 16, 2015, 03:08:25 PM

Quote from: BaselessBitcoin on January 16, 2015, 02:05:22 PM

I posted this in another thread but it is relevant here.

The dollar won't ever tank. Most people think it is valuated through the fed and others but really it is backed by the most expensive military ever. Oh yea america can put econ sanctions on many this has value. As long as a govt with these things is using the dollar the dollar won't be tanking any time soon.

This to an extent. I will go as far to say it won't take in anyone's lifetime currently. We don't know what is going to be going on 200 years down the road from now, so it is foolish to try and guess what will happen.

I agree with you. Say it won't ever tank might have been too strong of language. I meant more a long the lines of in my lifetime I don't think it ever will.

The $ has been tanking for decades! It already lost most its purchasing power and it will keep losing probably at a much faster rate in the near future!

So what hasn't been tanking then? This is true for pretty much everything due to the way inflation is occurring.

I don't think it will "crash" in our lifetime is all I am saying, so 125+ years of the US dollar is to remain at the very least.

At about 2070 if history repeats itself, the current cycle will be over and the system will be inviable. Bitcoin should be off the charts by then. We'll be old as fuck/death by then tho, so who cares.