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15 sats \ 11 replies \ @Aardvark 17 Mar \ on: What do you think a collapse in the dollar would actually look/be like? AskSN
It's already collapsing. It's going to be a long, slow, whimpering death. One where all of us frogs slowly boil until we die.
all of us frogs slowly boil until we die
Why us? We have bitcoin.
It's the nocoiners that will slowly boil.
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Spot on.
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makes you wonder though, what would the no-coiners accept for payment? barter or maybe just straight up pillaging
If the dollar hyperinflates, but still works, I'll be able to sell my sats for many dollars.
And if it ceases to work altogether, they will have to accept something else for their products and services, something that actually works, and bitcoin is the most obvious choice.
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It will become the most obvious choice.
Most people don't own it, because they don't need it.
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The question you need to ask is what currency will be used for settlement of international trade payments.
It has been predominantly the USD dating back to when the US dominated global trade and was the global reserved currency under Breton Woods.
That time is over and who now dominates global trade and is increasingly using alternative trade payments protocols?
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