I posted a related Mark Moss video, yesterday: #671516.

I agree with him that it's more accurate to think of this as a slow moving collapse that began a while ago. There probably won't be anything like a particular day when the dollar collapses.

It's already lost half of it's purchasing power during the 21st century. The half-life of the dollar's purchasing power will likely continue shrinking. As the collapse quickens, more people will notice and head for the exits.

My guess at a timeline is that Bitcoin will be a major competitor to the dollar within the next 10 years.

It doesn't matter how many trillions of billions of USD will be the BTC price... This is what really matters: https://i.postimg.cc/zX2ZDQD1/vader-sovereign-adoption.jpg ... but people do not want to be sovereign, they beg to be slaves...

They will continue to sell debt until the world stops buying it

I don't think it's possible in the short term. Perhaps what we'll see is a dollar that starts using bitcoin as a backing, just like gold did. The United States is not going to let the strategic advantage that the dollar represents in relation to other countries go to waste.

wont be any time soon becuase the dollar is backed by war and every other country is enmeshed

what will happen is a gradual grinding down of peoples purchasing power and anyone who can get into hard assets wins. we can only hope more people wake up and start stacking for a gradual move into a better money system

either that or a hard reset and civil war

Unless something wild happens the issue with any dollar collapse and replacement boils down to liquidity. Saudi tried to pivot but now the State oil company has returned to issuing its bonds in USD.

it is at the same closer than many expect and but still far away.

But one thing we must keep in mind is that nothing is eternal and change is a given.

How much longer the dollar system will last, at least I don't know, but for some time now we have been seeing the poor health of a system that was born sick. When the general adoption of Bitcoin will take place and thus live in a Bitcoin-only world, I don't know either but 15 years ago a very healthy monetary system was born.

But it's like they are doing everything possible to try to save the sick person and putting all the resources into that effort and on the other hand, they are trying to kill the healthy and strong one.

And it worries me even more that they are using the sick system (fiat system) to get everything they can from the healthy and strong system (Bitcoin). So in addition to knowing when the fiat system, with the dollar at the head, is going to end and Bitcoin is going to be established with general adoption, there is knowing what is going to happen to those entities that today have control under their power, through their seeds. , of Thousands of BTC, what is going to happen to those who have obtained their BTC with PoW but that do not reach those who have those financial or government entities.

With the introduction of BTG as a hard fork, we sought to balance mining and reduce the power of the pools, but in reality we make quite an event when a miner only manages to mine one block, as happened recently, and it is not that I am against the mining pool in the aspect that computing power is needed to maintain the speed of the main chain, but in any case of the miners, those entities are taking large amounts.

My question is, how will it affect those who even now strive to have their fractions of BTC, when the world is ONLY BITCOIN?

Interesting... but i believe that, probably the hard way, the world is forced to change it's monetary system and then BTC is the logical choice

It already has. It's not like a light switch. It's like a slow motion collapse. Been happening for years.

Game theory might pull bitcoin to global dominance faster than we think.

The Fed will collapse, but then that really isn't the "US Dollar".

FWIW, my base case of the US fiat collapse is 2035