Quote from: CAMOPEJB on December 08, 2016, 03:22:51 AM

Quote from: dukeneptun on December 06, 2016, 11:31:59 PM

Quote from: CAMOPEJB on December 05, 2016, 04:54:36 AM

I'm sure this was mentioned in this thread but, people work and have to be paid for the work they do. I don't see that happening in bitcoins anytime soon so i don't think fiat will disappear unless something drastic happens.

What drastic action would be needed? Are we talking nuke wars, are we talking about red light district hoes taking bitcoin as a form of payment. Speak up dude because im trying to understand what you're saying but Im having problems.

Just so you know there are already companies that specialize in bitcoin payroll accounting and overstock even pays their employees in bitcoin if the employee chooses to get paid in Bitcoin.

I cant wait to see your reply.

Sure nuclear war between all super powers total destroying our current economical system might do it. I'm ok with red light district hoes taking bitcoins for payment but thats not what i'm thinking. I'm thinking the federal reserve coming in and strong arming the government into forfeiture of all assets in order to pay the ever growing debt. This can be followed by a restructuring of the US government with the federal reserve at it's helm. Maybe the sheeple residing in the USA will then wake up and ditch fiat for an alternative source like digital currency a la Bitcoins. It's all hypothetical BUT can happen. Basically, we need the WHOLE world to lose interest in using fiat as a form of payment and look for alternative means.
Your point about overstock paying their employees in bitcoins is cute but minute. I can see the few fedora wearing basement dwellers asking there bosses to send them their paychecks in bitcoins while the normies ask for a paycheck so they can spend it all on cocaine/titties. Maybe youre right, having the local bars, hoes and drug dealers taking bitcoins might be the tipping point to getting 10,000/btc Grin

The one problem with your scenario that I see is that as much as people dislike and have a genuine distrust in uncle sam I believe wholeheartedly that this distrust runs way deeper up to and including the fed reserve. Sure they can come in and try to strong arm uncle sam but if uncle sam says no and pushes back then the fed will be stuck licking that debt like a cat cleaning a wound. I mean, what are they going to do? Storm the white house and ask Trump to cut them a check.

You see. If uncle sam decided tomorrow to issue a new fiat and break away from the fed who's going to stop them? JJanet Yellen. Wtf can she do. You see. Uncle sam controls the people and while its true that the fed controls uncles sams money, uncle sam can decide not to play nice anymore and make the fed a thing of the past. As for a restructuring of uncle sams homies, if you pay close attention to the news you'll see that this is already happening as Presiodent elect Donald trump is already replacing all the old staff with new mega billionaires. The restructuring is happening now and maybe if were lucky we'll even see him shut down Jannet and proclaim Bitcoin as the new national currency.

It's funny that you see overstock paying out salaries in bitcoin funny because just 8 years ago bitcoin wasn't even a thing and today people want to get paid in it. I dont see compaines paying employees with iphones yet that has been around way longer and has a larger user base (currently). Also, dont forget the people selling house, cars, planes, boats ect for bitcoin. https://www.bitpremier.com/5-real-estate
The second people sell real world assets for bitcoin you know it's going somehwere.

It's getting late friend and I am high as fuck, rambling on like a guy who's just spent 20 years in solitary confinement., I'll leave you with a short video of my uncle talking about bitcoin back in 2013. Enjoy.

https://www.youtube.com/watch?v=5NPmthx4KM4