what happens when fiat currency/USD is killed or weakend?

[Anonymous]

It only comes into play when dealing with goods where an exchange to another currency takes place. Many of the vital needs come from USD-denominated sources, like food, water, electricity, gas.

Yes, we import a lot, in particular products. Those may go up in price, but we can survive without them or be ready to pay a higher price for them.

Also remember -- in order for the USD to fail, there needs to be a viable alternative. It's not the EUR, it's not the RMB (Chinese Yuan), it's not the British Pound. What is it then?

It's not Bitcoin either, with a maximum transaction capacity of 7 transactions per second. The US credit card system currently does about 1,700 transactions per second to put that in perspective, with a maximum of about 65k transactions/second.

[Anonymous]

Anonymous wrote:We told you to invest in crypto and you laughed at us. Who is laughing now?

You think it’s funny that Trump and his henchman are goinv to bankrupt Americans? What kind of sociopath are you?

[Anonymous]

Anonymous wrote:We told you to invest in crypto and you laughed at us. Who is laughing now?

What is the purpose of money? To buy and sell products and services. How much have you done that with crypto?

[Anonymous]

Here's a great blog of the crypto scams that pop up on a daily basis due to lack of regulations:
https://www.web3isgoinggreat.com/

[Anonymous]

Damn near impossible to buy a hotdog with Bitcoin. Try it - not easy.

More likely situation is the Trump tries to use some privately issued stable coin as a form of legal tender in the U.S.

So your personal savings in USD will be competing with a new privately issued digital currency for transactions. This stable coin will be backed by a basket of crypto, corporate debt, and fiat currency. You can also put your USD into this digital stable coin if you want. Stable coins are able to be transacted instantly.

I do not actually think we will have a national bitcoin reserve. It politicizes Bitcoin way too much; a future president can dump it all and really ruin things for the HODL crowd. The entire point of Bitcoin was to keep governments out of it

[Anonymous]

Anonymous wrote:Damn near impossible to buy a hotdog with Bitcoin. Try it - not easy.

More likely situation is the Trump tries to use some privately issued stable coin as a form of legal tender in the U.S.

So your personal savings in USD will be competing with a new privately issued digital currency for transactions. This stable coin will be backed by a basket of crypto, corporate debt, and fiat currency. You can also put your USD into this digital stable coin if you want. Stable coins are able to be transacted instantly.

I do not actually think we will have a national bitcoin reserve. It politicizes Bitcoin way too much; a future president can dump it all and really ruin things for the HODL crowd. The entire point of Bitcoin was to keep governments out of it

What prevents this stable coin from being hacked? Where do all of these transactions go? Where is your money held? I read about Celsius, 3 arrows, Sam Bankman Fried. Billions upon billions lost to the 1s and 0s in the cloud somewhere. Why should someone who saves their entire life put their savings into all of this? What will prevent massive loss?

[Anonymous]

Anonymous wrote:

Anonymous wrote:We told you to invest in crypto and you laughed at us. Who is laughing now?

I did. I told everyone else to do it too, but nobody listened. I even told some guy at the lottery machine to buy Bitcoin as I walked away.
I don't know how people think that crypto is a scam, but $ is not and neither is working 40+ years.
Bitcoin will support USD. They better get in fast.

Bitcoin is a money laundering scheme

The dollar holds up the world if it talks so does your bitcoin

[Anonymous]

You should have allocated a small % to crypto for a while now

[Anonymous]

Crypto is a scam. The problem is the scam artists are perpetrating a low key coup. Still they won’t succeed and the dollar will still rule the world.

[Anonymous]

Anonymous wrote:Crypto is a scam. The problem is the scam artists are perpetrating a low key coup. Still they won’t succeed and the dollar will still rule the world.

This. They’re trying to legitimize their scam money for criminals.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We told you to invest in crypto and you laughed at us. Who is laughing now?

You think it’s funny that Trump and his henchman are goinv to bankrupt Americans? What kind of sociopath are you?

Crypto is for criminals. The fact that Trump and Musk are trying to destroy the US in order to legitimize it proves us right. So congrats on supporting criminals and becoming one.

[Anonymous]

Anonymous wrote:You should have allocated a small % to crypto for a while now

And that will barely help if people lose all the USD in their 401Ks etc.

Not sure how you think crypto will be safe (I actually have had crypto in the past - dealing will the wallets, passcodes/seeds phrases, keys, kyc demands, transferring with gas amount etc. etc., (even if you put it all on the stick thing -cold wallet - that i had and didn't use)....if someone else doesn't hack it I would have lost it myself by now. Let alone trying to pass it down to your children!!!)

Putting it all offline in a cold wallet - that's stressful. Do you want all your money on a little piece of plastic.

[Anonymous]

Anonymous wrote:Crypto is a scam. The problem is the scam artists are perpetrating a low key coup. Still they won’t succeed and the dollar will still rule the world.

It’s not just a scam.

It’s part of an adversarial attack on our financial system.

Push people into crypto, the use cyber attack to steal/lose their keys ==> wide spread financial pain and economic catastrophe.

People can’t be trusted to remember their email password, but can secure an encryption key for their life’s savings??

[Anonymous]

Anonymous wrote:

Anonymous wrote:Crypto is a scam. The problem is the scam artists are perpetrating a low key coup. Still they won’t succeed and the dollar will still rule the world.

It’s not just a scam.

It’s part of an adversarial attack on our financial system.

Push people into crypto, the use cyber attack to steal/lose their keys ==> wide spread financial pain and economic catastrophe.

People can’t be trusted to remember their email password, but can secure an encryption key for their life’s savings??

EXACTLY

And their heirs will not know it either!

[Anonymous]

Anonymous wrote:

Anonymous wrote:You should have allocated a small % to crypto for a while now

And that will barely help if people lose all the USD in their 401Ks etc.

Not sure how you think crypto will be safe (I actually have had crypto in the past - dealing will the wallets, passcodes/seeds phrases, keys, kyc demands, transferring with gas amount etc. etc., (even if you put it all on the stick thing -cold wallet - that i had and didn't use)....if someone else doesn't hack it I would have lost it myself by now. Let alone trying to pass it down to your children!!!)

Putting it all offline in a cold wallet - that's stressful. Do you want all your money on a little piece of plastic.

This