Quote from: General_A on February 06, 2015, 07:58:43 PM

Quote from: nextgencoin on February 06, 2015, 07:46:07 PM

Quote from: General_A on February 06, 2015, 07:37:40 PM

Quote from: nextgencoin on February 06, 2015, 07:23:07 PM

Quote from: General_A on February 06, 2015, 07:16:17 PM

Quote from: nextgencoin on February 06, 2015, 07:05:26 PM

Quote from: General_A on February 06, 2015, 06:57:57 PM

Yawn - if the dollar crashes bitcoin is not going to save you. That is the only fact here.

P.s. The dollar is not going to crash any time soon.....

I think we can agree to disagree about the dollar collapsing, it's almost a mainstream idea these days.

But let's imagine the dollar started to collapse, it won't be over weeks it will be sudden and violent. What would you do and what would you advise your froends and family to do? if a bank run happens it will be an online bank run, no queues outside banks. In 24hrs most people would have time to move their money to some kind fo online Gold account which usually takes time to process or people will scramble to Bitcoin. I'm not saying everyone will, but enough to send the price way higher than people imagine.

Lol - I have a handful of friends that lived through the social collapse of Bosnia in 1992. Now although I can't say that what I am telling you is going to be applicable to a dollar collapse situation I can theorise this:

a) If the dollar collapses the social unrest is going to hit factor 10 (worse than Bosnia).
b) Social unrest is a very ugly phenomena.

My friends stories actually broke my heart. But I can summarise some main points really quickly:

a) Money becomes worthless. No one wants a medium of exchange, they want real tangible goods. That is not gold and silver, that is food, guns, ammunition, candles, lighters, whisky (lots of people turn to drink).
b) The only time people are willing to trade their goods is in exchange for other goods that they NEED. No one cares about being wealthy.
c) If you are somehow wealthy in this situation, you will be killed.
d) The only thing that will protect you is many friends and many guns.

Subsequently I really have to disagree strongly about BitCoin being worth a dime in a dollar collapse situation. I honestly5. think that people don't know what they are actually saying when they talk about a dollar collapse. Be careful what you wish for

1. The Internet was barely used in 1992.
2. Bitcoin was not invented in 1992.
3. We are ina time of mass transport, just because the dollar collapses dosnt mean many savvy people will seek to leave the U.S. and take wealth with them.
4. I'm sorry but if there was very wealthy Bosnians they would of scrambled their wealth into gold and left, you experiences are one of the average man on the street.
5. Bosnia was a civil war not simply a currency collapse.
6. I live in Asia, your dollar or Euro has no affect on me so if it does turn to bloody violence I'll be watching you blow each other's brains out on Twitter sipping lattes just like Americans did during the Bosnian war, The Iraq war, The Libiyan war, Vietnam War the Ukrainian war....No one said it will be pretty but America is not the whole world, many countries and parts of the world might even prosper from a dollar collapse.

1 and 2 are irrelevant. People were too busy staying alive to care about anything above necessities.
3 and 4 are true. But for every 5 people who are rich enough to leave there are 95 who aren't. My friends said that is happened so fast that hardly anyone had the preparations to leave.
5 A currency collapse would lead to collapsed states and massive internal conflicts. Zimbabwe 2008 springs to mind.
6 Depends where in Asia, but you will have minimal repercussions. Yes

P.s. You sound like a intelligent interesting individual. Don't take my disagreements personally (in case you were).

Actually my central point is 1 & 2. People now have the ability to 24/7 get online and move their money to safer locations, will everyone, no, but a lot will. That is what has changed, tho gs will move in real time and as we get news of dollar collapsing we will also see within minutes even seconds movement of money. In the past people woke up one day and the banks are closed and the currency collapsed overnight, this time I belive will be different.

I guess my point is the Stars are lining up for Bitcoin and what happens next is almost inevitable.

No I don't take arguments personally unless you call me an asshole, but I will disagree and argue my points strongly.

But a currency collapse would spell chaos. Traditional supply lines would break down and the economy would halt. This would probably result in food & water shortages, diseases and social chaos. My point is why in those circumstances would anybody give a shit about bitcoin? I understand we live in geographically different areas (me UK) so the effect this would have on our lifes would be profoundly different. But still, supply lines in the east would be greatly affected, as global trade decreases dramatically. The people in the west wouldn't be looking for bitcoin, they would be looking for food and water. The people in the east.... I haven't had much chance to think about it.

The fact is many people today have multi passports and large amounts of money they will want to protect and take with them. You can't carry millions of dollars of gold bars in a bag on a plane. I don't want to patronise people here but if you don't ave more than a million dollars in liquid wealth then probably you are looking at this from your own local perspective. I don't have a million liquid but I'm sure as hell many people do and and they aren't going to watch their wealth drop to zero if they have anyway to scramble it to safety.

Of course the majority will wonder what the hell is going on and won't have any saving to even protect. But many middle class people fearing for their saving will do what they can. a currency collapse is the beginning, it's later that violence and food shortages might happen. People have got their dollar collapse senarios ass backwards IMO.