And more some weak attempts to insult + some weird rant that has nothing to do with the subject in question:
BTC is dependant on USD and would join the meltdown with USD if that would happen.
In another note.. I'll add my rant..
I just discovered that over time, tools like you have actually made me dislike BTC. I really used to like BTC, but after the endless conversations with the uneducated and inexperienced religious zealots, who are both ignorant and arrogant at the same time, I think that BTC would actually just be about wealth redistribution to the worse. People here are reminding me of Bolsheviks more and more. A bunch of half-witted individuals who are after personal gain with wealth/power redistribution while trying to mask it with talks of liberty and freedom.
in a meltdown, yes but that was not what the subject was about
Anyway, i'm done with u
It was the main subject for several pages already.
But you're a dumb f*ck who isn't able to read nor concentrate. You just had your weak little attempts to insult, without having the ability to comprehend on what was exactly the ongoing subject.
Yes.. you have a way of denigrating... Whether this is a debate or NOT... maybe you are attempting to lure me into your various stupid-ass topics one by one.
O.k. I will bite a little bit.
Currently almost everything is pegged to the dollar, and the dollar is the most stable value point, at the moment in part because in its various forms it has nearly 20 trillion in various kinds of circulation.
These value point and reference points can change over time and they likely will change over time. As bitcoin gains more market capitalization and more liquidation possibilities, there will be less need to peg it to the dollar or to value it as compared with the dollar. Part of whether there will be a need to continue to peg BTC to the dollar will depend upon adoption levels of BTC - likely at least several years into the future in my thinking before BTC will NOT be pegged to some other currency - whether the dollar or some other currency.
Five years from now, we may be living in a different world, or if the dollar expectantly crashes, which is possible but not likely in the next several years in my thinking, unless there is a viable replacement, then we may see BTC pegged to some other currency... or if BTC were to achieve a trillion dollar market cap, then it may NOT need to be pegged to anything... possibly... It is also possible that more than a trillion dollar market cap will be needed before we can have a world with BTC that is NOT pegged to some other asset or currency... maybe $10 trillion in today's valuations would do?
I was telling if USD would suffer a meltdown, then BTC would follow and you tried to insult me with all kinds of ways for saying it and trying to ridicule what I was saying. And now you are saying that this could change in the future?!?
Yes, it could, everything could happen. The messiah could come down to earth and save the world of half-witted little brats like you. But it isn't happening right now isn't it?
Now go back to the first post that you tried so hard to ridicule and you will see me saying this:
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.
But you were too dumb to read that, eh? All your concentration went on trying to insult me because I might bring forward some flaws of BTC that you consider as holy.