Quote from: Bigboygangmove on September 15, 2018, 09:01:17 AM

Quote from: travelgear17 on September 15, 2018, 09:00:32 AM

Bitcoin is not an investment, not a currency, yadda yadda...

It's an insurance policy.

If fiat remains, Bitcoin will likely remain a niche.

If fiat fails, and the lights are still on? Bitcoin reigns supreme.

If fiat fails and the lights go out... we've got bigger problems. I hope you bought gold, among other non-traditional

Fiat needs to die ASAP. Im sick of currency that can be controlled and inflated by government whim. Bitcoin can never be inflated. Once 21 million coins have been mined, thats it. Forever.

For the first time in human history we will have a currency that retains and grows in value. A permissionless currency that will be easy to use and store. We, the people, will be in complete control of our own financial destiny. I cant wait!

While that's a libertarian sentiment that's understandable (and factually true) in many ways you probably don't really want Fiat to die asap or go down in a crash as this would likely mean civil unrest, blood in the streets, starving people, smashed supermarket windows, your parents, grandparents and loved ones losing all their life savings, their personal security and so on ...

Look what the internet did to the music industry. It killed the old, bloated, corrupt version of it but the music industry still exists. It ignored (first stage), denied (second stage), fought tooth and claw (third stage) and then had to adapt to the disruptive technology or perish (fourth stage).

Now you have streaming, vevo, spotify etc. It will likely go down a similar road with bitcoin (and other cryptos) and the conventional fiat banking system. We are still at ignore stage, pretty much. They don't even deny yet for the most part. In the end, the old fiat banking model will die and adapt but bitcoin/crypto only seems a libertarian dream from our perspective imo.