Re: Why Bitcoin is doomed to fail, and there's nothing you can do about it.
So far in history we've only witnessed cases of certain countries' currencies going to dustbin and resurrected with the loans from international financial organizations willing to provide those loans to countries, but what I am talking about in my previous post is the situation when the reserve currency itself is going to dustbin, who would back up other countries' currencies then? That's when your fiat wouldn't buy you a cabbage, actually you might even get your face punched for offering to pay in fiat for that cabbage 
I don't even want to comment on your 'responsible central banks' phrase, it's too funny, I wouldn't know where to start.
I don't even want to comment on your 'responsible central banks' phrase, it's too funny, I wouldn't know where to start.
LOL (Again).
No.
Reserve currency ≠ Fiat currency
This whole conversation started with you stating that "until Bitcoin is recognized legally as a currency, all trades done with Bitcoin are to be considered bartered trades, no tax applies" bullshit. Your doom's day scenario where all world economies will destabilize at the same time and everyone will suddenly only use only BTC to trade is far fetched.
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It's actually been decades now that the reserve currency has been depreciating in real purchase power terms, since Nixon canceled the Bretton Woods system in 1971. Since then all currencies have been living on borrowed time.
When I said 'a few years', I meant the final accelerating hyperinflation period, when hyperflation becomes noticeable to everyone, who goes shopping for groceries.
When I said 'a few years', I meant the final accelerating hyperinflation period, when hyperflation becomes noticeable to everyone, who goes shopping for groceries.
Depreciation of reserve currency ≠ Price inflation of goods