Quote from: kjj on May 23, 2011, 01:06:01 AM

Quote from: TradersEdgeDice on May 22, 2011, 11:13:03 PM

Quote from: Basiley on May 22, 2011, 03:58:36 PM

Quote from: TradersEdgeDice on May 22, 2011, 02:20:36 PM

Quote from: endthefed on May 20, 2011, 01:09:34 AM

The best the Bitcoin community should strive for in the short-to-mid term is greater adoption by the average person, not by a governmental entity. That would bring unwanted pressure and and potential legal barriers to the use of the Bitcoin in the US at least, considering the fact that the only reason the dollar has any value anymore is that it is tied to oil.

The dollar is backed by the full metal jacket of the United States Government.

or by nothing "in short".

Unfortunately, the petrodollar is something. Basically, a synonym for violence.

Just about everybody who suggests that the dollar is toast becomes toasts.

See Saddam Hussein and Dominique Strauss Kahn as examples that immediately come to mind.

And like half of the Internet. Oh, wait...

Want the know the simple reason that everyone uses the dollar as a reserve currency? It is because all the others options were even worse.