Quote from: usorin on November 24, 2017, 10:02:32 PM

Quote from: lucasxhy on November 24, 2017, 04:39:46 PM

People claim that bitcoin will really start playing a role in the next economic crackdown. EG: when debt is too high, people will defect into bitcoin and leave the current broken economic system behind, promoting the biggest wealth redistribution in history(something like what happened with the tally system back in england). Will the system allow for this? They would lose all control. I know this has been discussed in a higher level before, but lets put ourselves in that situation how would it unfold. I know some may argue that it wont be a quick process but rather adoption over time. However even if that's the case there has to be a tipping point. That is the process I want to understand.

I dont know the present politics but i'm sure that Mr. Satoshi didn't had in mind visa and mastercard when he implemented the blockchain technology, so it is hard for me to believe that bitcoin was made for visa and mastercard.

Yeah we won't be using VISA and MasterCard once cryptocurrencies become proliferated, the only thing we will do is learn from them such as how many transactions per second is required to run Bitcoin and such data. But the actual use of them will become negligible in the next 100 years.