Quote from: emberbekas on December 20, 2018, 07:31:41 AM

Quote from: Wind_FURY on October 09, 2018, 07:59:56 AM

Haha.

https://twitter.com/francispouliot_/status/1049313082344988673?s=21

Quote

"Buying Bitcoin is about exiting fiat. It's a bet on the future collapse of fiat money financial system. Bitcoin is the only viable alternative. It's vastly superior as censorship-resistant medium of exchage, store of value, network effect, unit of account than all competitors."

He is taking it to the extreme. Why does Bitcoin need to be a "bet" on the future collapse if the established financial system? Does he want it to collapse? Does he believe that it will not encourage instability, disorder, and chaos? What about the other 99.9% of the population who are not Bitcoiners?

The statement above, the twitter one, is not based on facts and is based solely on emotions. How could Bitcoin collapse the existing financial system? Each country has its own financial capabilities and is unlikely to be uniform and that is why each country has their own currency. Bitcoin is only an alternative, as an enhancer of the diversity of the financial system and its purpose is certainly not to collapse other systems. Meanwhile, from today's view, bitcoin is so volatile and it isn't the best feature as currency which of course requires stability.

Right. It's notnvery viable to not have any alternatives even if were talking about years into the future. We don't even know if another technology like blockchain would rise up soon. People would have then be open to digital alternatives.