Quote from: georgem on December 10, 2013, 01:34:36 PM

Quote from: Mad Scientist on December 10, 2013, 01:26:48 PM

Why are people are stuck with the idea that there can only be one dominating currency? BitCoin has shown the world that there CAN be successful, competing currencies so why couldn't there be more?

There can be just as many Crypto-Currencies as there are Nations, some valuable others not so much, but furthermore I think there can be Industry Specific Coins as well for Agriculture, Automotive, Aviation and most anything else you can think of.

All (or most) NOT controlled by the International Banking Cabal. Isn't that the whole point of this exercise?

Because people are still brainwashed with that idea of ONE reserve currency

like the usdollar.

One ring to rule them all.... etc..

People still see everything thru the dollar-glasses.

Maybe they should take of those glasses, and put on those:

https://www.youtube.com/watch?v=JI8AMRbqY6w

+1

The U.S dollar is backed by nothing, went off gold backing in the 1970's .

It is now backed by 17 Trillion dollars of DEBT. To give everyone some perspective 1 Trillion is 1000 Billion.
The U.S will never be able to pay their debt obligations to the countries they owe money. That is why the U.S will try to start a war, because the country is broke and that is the only way out.

In times of currency collapse and war, Gold , Silver and other stores of value (crypto currencies) will rise.

History is the best teacher here.