Quote from: zanezane on Today at 01:38:58 AM

Why do we want to crash fiat in the first place? I always see this kind of posts and it came to a point that I don't know anymore why do we want it to crash. Don't you have any conscience that when a crash happens, people will be losing their jobs and a lot of people will be starving, society that has fiat ingrained in its core will spiral into chaos and no amount of bitcoin will save you if this things happen, it will take a year to recover if there is no war that will follow after the crash and that is wishing that it won't happen but we all know that it will happen. Shouldn't coexistence a better option for everyone, no crashes needed and the growth of bitcoin is secured because there is no unrest because there is no crash.

Check my posts, where do I say "I want the Dollar to crash"? (HINT: I didnt say it)

The global economic stimiuli to the pandemic sees mass printing of FIAT this will
lead to hyperinflation so the value of a Dollar and FIAT in general will crash.
This is just a result of printing trillions, not the main intention.

Quote from: Gozie51 on March 05, 2021, 01:17:56 PM

For fiat collapse, it won't affect major currency like USdollar because they understand the control system.

What control system is that? raising taxes?

Quote from: magneto on March 05, 2021, 10:38:47 PM

Quote from: aoluain on March 05, 2021, 12:54:08 PM

-snip-

In the foreseeable future, the USD is still going to be the dominant global reserve currency and the default unit of account for financial assets.

But the CNY is going to be posing a real formidable threat. With the launch of the digital CNY, this process has accelerated. I suggest that you take a glance at Ray Dalio's piece on the CNY potentially becoming a global reserve currency - he essentially predicted that it would be a matter of time.

BTC will and is already a unit of account for a particular niche of people, but until the fiat system implodes ultimately, this is not going to occur on a widespread scale.

The Chinese ecomony is only #2 compared to the US economy. From the correction/crash
I think the gap will close between the two but by how much is anyones guess.

Im trying to get my head around valuing anything in Bitcoin or Satoshi.