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17 sats \ 9 replies \ @Aardvark 17 Mar \ parent \ on: What do you think a collapse in the dollar would actually look/be like? AskSN
There's not enough bitcoiners. What happens if the dollar collapses and none of the nocoiners accept your bitcoin as payment?
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21 sats \ 0 replies \ @denlillaapan 17 Mar
Spot on.
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0 sats \ 2 replies \ @stack_harder OP 18 Mar
makes you wonder though, what would the no-coiners accept for payment? barter or maybe just straight up pillaging
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21 sats \ 1 reply \ @SpaceHodler 18 Mar
Guzzolene
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0 sats \ 0 replies \ @Aardvark 18 Mar
And bullets.
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0 sats \ 4 replies \ @SpaceHodler 17 Mar
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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7 sats \ 2 replies \ @Aardvark 17 Mar
It's not the most obvious choice for most people, or most people would own it.
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0 sats \ 1 reply \ @SpaceHodler 18 Mar
It will become the most obvious choice.
Most people don't own it, because they don't need it.
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0 sats \ 0 replies \ @Aardvark 18 Mar
People in countries that are facing hyperinflation NEED it, and most of them don't own it.
If the dollar collapses completely anytime soon, we're all fucked including bitcoiners.
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0 sats \ 0 replies \ @Solomonsatoshi 17 Mar
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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