Quote from: death_wish on Today at 05:59:29 AM

Quote from: Wilhelm on Today at 05:38:14 AM

Quote from: death_wish on Today at 05:33:11 AM

Quote from: bitserve on Today at 01:57:38 AM

No mindrusting event -leveraging "accidents" don't count the same as selling purely out of fear- nor enough people thinking this might be the "end" of Bitcoin... Again.

QFT, thank you.

Bitcoin will win when people sell dollars purely out of fear, thinking this might be the “end” of the U.S. Dollar.

At that point, it will be in every way the antimindrust situation. To flee a crashing asset is sometimes smart.

There USD won't crash because the world has made themselves dependent on it.
So printers go brrrrrrrrrrr and we all look the other way because we can go on with our lives...

That’s like saying that the Zimbabwe Dollar can’t crash because the people of Zimbabwe made themselves dependent on it. LOLWUT?

Of course, the USD can crash. Can and shall. It is an arithmetical certainty that it must crash—yes, I am calling “confirmed math and science” on that one. What nobody can predict is when or how. “...we all [not everyone is your “we”] look the other way because we can go on with our lives” = what Americans call kicking the can down the road. How far can that go? Nobody knows.

Quote from: death_wish on June 13, 2022, 10:18:01 PM

I warn against the foreshortening of predictions, and generally against jumping to conclusions. Since the 1970s at the latest, every astute observer has known that the global financial system must someday collapse. It is based on politicians who act on time horizons of the next election, CEOs who act on time horizons of the next earnings report, and whole generations of people who bequeath the results of their own selfishness and foolishness to their own descendants: A house of cards built on debt and duplicitous accounting tricks, as inheritance. It is unsustainable. However, that does not mean that anyone can accurately predict what will happen when. The can has been kicked down the road for a long time; who knows how much longer that can continue?

Quote from: becoin on Today at 05:36:11 AM

Now what? Only option left is to simulate alien invasion from outer space.

To what end? “War of the Worlds” type of panic, given that historical precedent?

Anyway, in all seriousness, I neither admit nor deny the allegation that I am a space alien. No comment!

The point I'm making is that the wealth of the biggest nations and economies are intertwined.
If one of these countries suffer the others will too and it's not like you can flee to a better store of value (Bitcoin would be a potential)

Zimbabwe was a small country that screwed themselves by giving rise to a dictator (and yes I've been to Zimbabwe). Everyone started using currencies like dollars which made the zimdollar worthless because the people had alternatives.

As much as I wouldn't mind the US going tits-up I know that the world is still too much invested in the US.