Quote:
Originally Posted by AllAboutCams
Ok how is bitcoin different from the dollar, all my online income comes from us $ if the us $ crashed i would be left with nothing the same as if bitcoin crashed.
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its very simple...
the US$ is a crutial part of the global economy...no country in the world wants to see global economy upset...countries are so determined to protect their economies that they even launch wars to enforce it...every gun in the world, every bomb in the world, that come with every soldier in the world and every politician in the world is ready to literally wage war to protect it..
the US$ will never "crash" as you put it...let me give you an example...saddam wanted to sell his oil for NOT dollars, thus encouraging other countries with oil to maybe do the same, thus bringing down the demand and indeed the value of the US$ globally...he suddenly got accused of having WMD
...
bitcoins have no army behind them...they have no government behind them...they have no law behind them...just a few suckers and some wise guys use it...there is a very clear difference between bitcoins and dollars...
simple test:
yo dirty f!
do you want one million dollars in cash right now (theoretically of course, I don't have any to offer) or one million dollars in bitcoins?
(he will say bitcoins because he cant help himself but we both know the answer)