Post
Topic
Board Speculation
Re: How can collapse of USD affect bitcoin?
by
Ibian
on 23/03/2014, 21:57:26 UTC
- 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?
Not touching the rest, but this is at least mildly interesting. The answer is "Berlin" and "the infrastructure is already in place". All a store needs to accept payment in bitcoin is a QR code and a computer with a wallet to confirm payment. Automatic conversion to fiat optional. The infrastructure, such as it is, has been in place for years. And it doesn't break down like the elaborate and expensive systems we currently use do, and requires nobodys approval. It's also free.

You have a lot of reading to do. I would suggest seeing to that before you continue arguing about things you clearly have little clue about.