Post
Topic
Board Economics
Re: Replace the dollar with a cryptocurrency. How exactly?
by
tommy05
on 19/11/2017, 22:57:36 UTC
I' ll take bitcoin as an example.

Is it mandatory that the value of all bitcoins is equal to the value of the world economy?

Can this value be archived before all the bitcoins are mined?

When I buy bitcoin someone will take my dollars.
So how can we technically replace all dollars with the bitcoins?
In the end will there always be someone with only dollars in their pockets or  am i wrong?

youre idea is wrong bitcoin was being used as a commodity just like bronze , silver and gold ! bitcoin could never replace a national currency !