Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by realusername on Wednesday May 09, 2018 @11:54PM
(#17036257)
That does not change anything in practice, just ask Venezuela how that goes for them. If people don't believe in your currency it's game over. The only backing traditional currency has is that people believe in them.
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Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by simias on Thursday May 10, 2018 @05:17AM
(#17037349)
The problem with Venezuela is definitely not that people stopped believing in the currency. That's a consequence, not the cause. It's not like people are going to wake up some day and stop believing in the dollar. If the economy of the USA was to collapse however, then that would be a problem.