Quote from: LaudaM on August 04, 2015, 12:41:32 PM

Quote from: GODLIKE on August 04, 2015, 12:31:22 PM

Don't worry: when finally the fiat currency bubble will explode, they will learn Cheesy

Well, not quite. If the dollar collapses we will have bigger problems to worry about than proving who was right.

I think it's unavoidable: there WILL be the final blow where a lot of people will get their life savings fucked up.
But it will be the last time.

Consider this: 97% of money in circulation is fake.
There's no paper whatsoever in correspondence, and no real goods in correspondence.
Banks just loaned money they don't have.
And they loaned it, instead than just GIVING it, so they could put the entire system under an artificial debt, something that really doesn't exist.
Nobody owes a fucking fuck to banks.

Anyway, when people will want to get back that money, and that will happen when Bitcoin will gain enough credibility, they will go to banks to get some money and buy Bitcoins.
When people will begin to ask more than 2% of those money... banks will collapse.
Or maybe not collapse, they will just close and say they are "missing liquidity".
Then guess what: they will print more and more money.
But as Bitcoin value will shoot through the stars, fiat currencies will hyperinflate.
A lot of people will get very, very hurt: they will have their bank accounts amounting to tens, or hundred of thousands of dollars... worthless, because nobody will want those.
BUT THESE PEOPLE WILL BE HURT FOR THE LAST TIME.
From that moment on, people will not give a damn flying fuck about dollars:
PEOPLE WILL WANT TO BE PAID IN BITCOINS FOR THE WORK THEY DO.
AND THAT WILL BE THE SEAL TO BANKS TOMBS.
People will have their savings in Bitcoins, nobody will create artificial inflation to keep enslaving them, nobody will create artificial crisis to make situations up for wars.

Btw, I read an article on NASDAQ yesterday: http://www.nasdaq.com/article/bitcoin-and-remittances-can-it-work-cm504136
Title: Bitcoin and remittances: can it work?

Just a consideration, we are talking BEFORE fiat currency will be completely wiped out.
I confess I never used a money transfer service, but I've seen fees swinging from 10% to 30% in articles about them.

Now think about somebody that wants to send 300$ from USA to Thailand and knows about Bitcoin:

He just BUYS 1 BTC (conversion fee around 1%)
Then he SEND that BTC to his family in Thailand (NO FEES)
Then his family just SELLS that BTC and gets Thai Baht (conversion fee around 1%)

How can you compare this to a remittance service? That's a 2% fees.
Remittances will convert to just fiat-BTC exchanges, very soon. Probably in less than 2 years the large majority of them will be just an exchange, just let people time to understand that Bitcoin is not that monster they think it is.

And this is when the world is still using fiat money... while Bitcoin gains reputation, more and more shops will accept it, less and less exchange with fiat will happen.
Remittances will just disappear.

Tic tac tic tac... time passes, banks are walking zombies and that's all you need to know.