For the USD to collapse there would need to be a better currency. No crypto currencies are widely used. nor can any handle exponential growth in transactions. Honestly copper seems like a very valuable currency right now.
Bullshit.. There's 100's of crypto currencies traded on hundreds of exchanges throughout the world.. The myth that we need '1 crypto to run everything' is garbage. Also, multiple cryptos have been designed specifically to be infinitely expandable starting with the original Bitcoin. The only reason the original Bitcoin is not infinitely expandable is because a group of people took it over (most likely to inhibit its growth) and put an arbitrary limit on the blocksize. Meanwhile, Bitcoin Cash is a fork of Bitcoin that removes that arbitrary limit.
And to say they're not widely used is silly.. There's billions of dollars worth of crypto being exchanged every day.. It's no big deal for those same transactions to represent trillions or 'infinite google' when SHTF.
IMO, the latest spending bill ($600 to Americans, $1800 to illegal immigrants, $tons more to everyone else) is specifically written to ruin any trust left in the dollar.
nice strawman. Sorry but crypto is not ready for the masses. Most people don't trust it, most people don't understand it, none of them have stable value. And as I said none of them can handle all the transactions. I am not against crypto, just saying I don't know a currency better than the USD aka Federal Reserve Note. I agree the USD will decline against some countries but not enough to cause a collapse.
Most people don't trust it, most people don't understand it
Most people don't need to understand it anymore than they understand how the actual dollar works. All they need is a credit-card type of object that they can just insert into a terminal at a store, see a >0 balance, and be on their way.
For the USD to collapse there would need to be a better currency. No crypto currencies are widely used. nor can any handle exponential growth in transactions. Honestly copper seems like a very valuable currency right now.
Bullshit.. There's 100's of crypto currencies traded on hundreds of exchanges throughout the world.. The myth that we need '1 crypto to run everything' is garbage. Also, multiple cryptos have been designed specifically to be infinitely expandable starting with the original Bitcoin. The only reason the original Bitcoin is not infinitely expandable is because a group of people took it over (most likely to inhibit its growth) and put an arbitrary limit on the blocksize. Meanwhile, Bitcoin Cash is a fork of Bitcoin that removes that arbitrary limit.
And to say they're not widely used is silly.. There's billions of dollars worth of crypto being exchanged every day.. It's no big deal for those same transactions to represent trillions or 'infinite google' when SHTF.
IMO, the latest spending bill ($600 to Americans, $1800 to illegal immigrants, $tons more to everyone else) is specifically written to ruin any trust left in the dollar.
nice strawman. Sorry but crypto is not ready for the masses. Most people don't trust it, most people don't understand it, none of them have stable value. And as I said none of them can handle all the transactions. I am not against crypto, just saying I don't know a currency better than the USD aka Federal Reserve Note. I agree the USD will decline against some countries but not enough to cause a collapse.
Most people don't need to understand it anymore than they understand how the actual dollar works. All they need is a credit-card type of object that they can just insert into a terminal at a store, see a >0 balance, and be on their way.