Quote from: Lovecove on April 26, 2018, 06:32:15 PM

I'm simply unconvinced that a run because of bitcoin is possible. You'd be talking about a mass failing in fiat that would cause everyone to run to crypto. How does that happen? Only if nuclear war happens or something really huge that causes the dollar and other currencies to fluctuate even more wildly than btc.

It's obvious that fiat is a lot more stable than btc when it comes to price. So that's why people won't honestly keep daily money in crypto. They'd keep it in fiat. they'd keep their "savings" in btc though. This is why there can't be a run on banks for bitcoin unless bitcoin stabilizes in price... which is never happening.

Yes, I completely understand why you would be unconvinced. Also, just to clarify... I don't mean there will be a run on the banks for bitcoin itself. All/Any cryptocurrencies will have an impact, but bitcoin may likely have the largest impact. Bitcoin currently have the technical capability to do this... which is why I think bitcoin cash is being tested.

The mass adoption that I speak of will likely not happen with BTC... because it is simply incapable of delivering. They banks are not stupid and know this. There will surely be manipulation and propaganda developed to proliferate this nonsense.

I don't think fiat will see a mass failing immediately. It will be slow until it reaches critical mass. Then it will accelerate exponentially and those unprepared or unaware will be left in the dust.

If you think that fiat and the dollar are stable.... you may want to rethink your position. Do you know how many times fiat has failed in the past? Many. Don't you think it a little naive to think it cannot happen here or that it cannot happen again? What is preventing it from happening? Our federal reserve? Our banks? Our president? The current world order?

Trust me... China, Russia, etc... are licking their lips at the opportunity to displace the dollar and cause it to be replaced as the world reserve currency.

In fact, search on Google for 'Russia to dominate crypto' and you will see what I'm talking about. Here is ONE example: http://bitcoinist.com/russia-intends-dominate-finance-cryptocurrency-world-introducing-new-technologies/

They know what is going on. They know the days of fiat are numbered. They know that looking back, fiat will be looked at as one of the strongest tools ever developed to control the masses.