Post
Topic
Board Economics
Re: Will Bitcoin always be dependent on fiat? Is it?
by
conio.h
on 24/12/2015, 07:30:48 UTC
It's not going to start with the dollar or euro. It's going to start in places where you have the combination of unstable, fiscally irresponsible government + moderately tech-savvy populace. Places like Phillippines, Thailand, Argentina, various middle eastern & eastern european countries.
One day, one of these countries will have a currency crisis, and bitcoin will be the "least bad option." And that's where it begins.