Quote from: vvv8 on December 15, 2014, 01:36:20 PM

Quote from: NUFCrichard on December 14, 2014, 08:38:51 AM

I see the dollar being replaced with a basket of commodities, i.e. Oil, Gold, Corn, Copper or silmilar. It would be great if Bitcoin was a part of the basket, but I doubt it unless the dollar remains in place and printing like crazy for the next 25 years at least.

You don't understand the purpose of a paper , or digital currency then. Because if you did , you would realize the true reason for the eventual demise of the dollar.

It's great to have a basket of commodities like you listed , but they all have the same inherent problem and that is that they take a longer time to liquidate or trade compared to paper or digital money, in this case pure digital money (Bitcoin & cryptocurrencies) . The dollar will eventually come to an end for many reasons , but the key reason here is that paper currency has become old and obsolete and brighter people are starting to see the benefits a pure digital currency can and will bring over paper currency.

The end.

Fin

/close thread

/lock

/ban anyone below me

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?