Post
Topic
Board Economics
Re: What if everybody wanted to move to BTC?
by
blazespinnaker
on 27/04/2013, 00:22:52 UTC
Hypothetical question:

What if everybody wanted to move from USD to BTC? Wouldn't the dollar become completely worthless after a certain number of people switched over, making it impossible for everybody else to convert their money?

Not impossible, but harder.  You'd probably have to get around 90% or so, before it'd became 'impossible'.

However ......  when you said "hypothetical", you kinda nailed it there.

I mean, hypothetically, if water started turning into wine, wouldn't wine merchants have a hard time making money?

Or, hypothetically, if I won the lottery, would I still have to go to work?