Post
Topic
Board Economics
Re: Will Bitcoin survive if the USD fails?
by
QuantPlus
on 07/07/2013, 16:22:25 UTC
I hope that usd and euro fail together ... I will trade my btc with gold coins ... I will be rich

There's no orderly way for the USD and Euro to fail.  It's not like they fail overnight and the next day you're sipping mai tai's on a beach because you made a good call.  If they fail there will be widespread anarchy and possibly WWIII.  The largest economy AND military isn't going to just go down quietly.

Major Fiat currencies cannot "fail"...
Because they are the only way to pay taxes and stay out of jail...
So every Fiat Currency has a fundamental value >> Tax Base...
(We are not talking about Banana Republics here).

This USD "fails" nonsense is floated by people...
Who have never filed a Tax Return or held a meaningful job in society.