Re:A Prediction: Bitcoin Is Doomed to Fail
by waps on Wednesday November 27, 2013 @09:37PM
(#6812709)
But the value floor for the USD is effectively the tax obligations denominated in USD, which is 5.5 trillion. Meaning a hell of a lot of powerfull people have a legal obligation to collect -at least- 5.5 trillion USD.
This provides a much higher value floor, no ?