- The value of Bitcoin today is not the same as the value of Bitcoin post-collapse. The trust issue isn't big - yet. Comparing Bitcoin in a world where *reliable* money is all tangible; Bitcoin has a distinct advantage because a burglar can't just walk away with it while you're away. It's WAY easier to break into somebodies house and rob the cash under the mattress than to brute force an encryption key.
- In a non-fractional banking system there will be no such thing as an online purchase. If you can't be there in person to tender the payment then you are operating in a fractional system. I'm referring to the movement of money and the availability at any given point. Money in transit isn't money in hand.
- Bitcoin is used to trade every day; I don't know where you get that idea... People get paid in Bitcoin for goods and services every day; not all of them are converted to fiat.
- The exchange servers won't always be necessary. I could send a Bitcoin payment right now and it will never pass through an exchange server. Plenty of people accept Bitcoin already. I disagree when you say, "no one will ever accept bitcoin."
The answers you haven't seen get pushed forward haven't needed to be pushed forward yet. The maintenance is a job, the customers pay in some medium for the service, the company uses part of the proceeds from providing the service to pay for the maintenance. The dollar isn't important here, it's only a vessel for converting labor into food (or whatever else). Bitcoin is a more efficient vessel than the dollar.
All the guns in the world can't stop fiat from collapsing. Actually I think they are pushing for a collapse in hopes that the masses will accept the "necessity" of a power shift into an outright Authoritarian "World Government".
- I think in a post collapse world trust will be the issue that crushes bitcoin. No one will want something they can't physically control.
- Once again, you are misunderstanding what fractional systems are, so I will leave it be.
- 99% of all trades end up with USD as the end result. Just because you bought something doesn't mean it wasn't dumped into dollars. If things are priced in dollars, and you pay in bitcoins, it still ends up in dollars. You not seeing the exchange doesn't make it not real.
- That is a simple miscommunication. I mean in a more broad way, not just the "exchanges" (i.e. cryptsy, etc.) But to go further, what stores will allow me to use my bitcoin wallet address to pay for something? Where can I go down the street to pay with bitcoins? The simple answer is nowhere. Why? It would require a massive infrastructure change and we're already talking post collapse so where will the capital come from to make this possible?
All the guns in the world have already stopped the collapse. You're allowing wishful thinking to cloud good judgement. What about our world is sound? What about our world makes sense? The fact that we need money at all is a fallacy in itself! But to be truthful, the world trusts dollars because America can land a military anywhere on the planet within 18 hours and crush the opposition.