While I agree in theory that bitcoin could take over the dollar, in reality I just don't see any way the governments (and probably more appropriately, the bankers) are going to allow it to happen. If bitcoin became the base currency then it would force all governments to actually become accountable to the people they governed. Like that's ever going to happen. They couldn't print money. They'd actually have to pay back loans. If they took loans they would have to pay back interest. The silly thing about our current path is why do federal gov'ts even collect taxes at all? The money they take in doesn't even come close to paying for what they've already borrowed. And they keep printing more whenever they feel the need. If they can do that, why bother taxing people? Just print more. It would probably be cheaper anyway....
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RE: BTC at 50K, is the end of the dollar near?