Quote from: aminorex on April 14, 2014, 02:50:17 PM

Quote from: Mervyn_Pumpkinhead on April 14, 2014, 02:39:28 PM

I guess when you have 0 knoweldge on finance, then you can't see that the main thing that gives value to BTC is actually USD and without USD, then BTC would be just a fun play money without the ability to cost anything.

Mervyn, let me clue you. I am paid highly for financial analytics, and have been for almost a decade. I am pretty sloppy here in the forum because I'm not putting my real name on it, and its nice to relax and talk smack now and then - I need the de-stress sometimes - but I do know something about what I'm saying.

USD devaluation is one of the massive relative appreciation scenarios for BTC.

Sloppy would truly be an understatement if someone is actually paying you (highly?!) for financial analytics. It's more probable that you're plain out lying, because you can't be this thick even if you understand just the basic of finance.

The meltdown of the dollar would currently bring down all the currencies thats value is strongly tied to it, and that includes bitcoin.
If bitcoin would get it's value elsewhere, for instance a major wheat supplier would accept BTC by itself, then there could be a different story. But right now, we don't even have small online stores, that want to accept BTC by itself, without BitPay, meaning without the support of USD.