Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin end the dollar’s reign?
by
Khaos77
on 28/02/2021, 20:07:48 UTC
Whether Bitcoin existed or not, the Dollar will end the Dollar's reign.    Roll Eyes

Fiat currencies don't last forever.  They can't.  With all debt-based money, eventual failure is an integral part of the recipe.  It's just how they function.  Some last longer than others, but they will all approach worthless at some point.

And if the US Government Seizes all bitcoin of all US citizens, and then backs the US $ with it,
then your conclusions of the dollar demise are void.   Cheesy

I've seen you make some stupid posts before, but this one truly is special.  You really must be running out of arguments if this is the straw you're clutching at.  The infinitesimally small chance of this happening aside, there will never be enough bitcoins to back all the money they keep printing.

Considering history is something you always been clueless too.
The fact that the US Government seized gold in the 1930s is beyond your limited understanding.

Also your failure to understand the number of bitcoin is not limited at all.
Bitcoin is inflated to the right side of the decimal so fools like you think their is a limited supply.
By having Bitcoin at 8 decimal places to the right of zero, this give the current bitcoin a 2.8 quadrillion supply of bitcoin not the 21 million supply that a moron such as yourself believes. In addition, moving even further to the right inflates bitcoin supply as moving to the 12 decimal place to right of zero (like LN is doing) increases the bitcoin supply to 28000 quadrillion supply.