Post
Topic
Board Economics
Re: Why are fiat/banks destined to fail and bitcoin to succeed? Explain.
by
semaforo
on 22/07/2013, 18:25:19 UTC
Checkout bitmit.
    I buy homebaked bread for bitcoin from a guy in my city. You can get books, coffee, motorcycles, land, gold, clothes, computers, phones, snacks, medicine and on and on delivered right to your door. Except the land. But you can buy it and hold it as an investment without going there. Oh yeah, and drugs and guns.

    When the dollar fails, the EU economy will collapse because it's dependent on exports to the US. The dollar has been debased for a long time, but its not showing due to demand caused by oil being dollar denominated and its role as reserve world currency. Too big to fail, in other words. When cracks start to show things will move very fast.