"BTC to replace the USD", claims jack dorsey

[Emma tenywa]

What are your thoughts on such claims? I think its just a tactic to drive the price of btc high. The btc volatility is high, and it having a fixed threshold makes it not suitable to replace any nations currency. The real question is, what will happen to btc when it all gets mined and exhausted??

Bitcoin Will ‘Replace The U.S. Dollar’—Jack Dorsey Made A Radical Prediction As The Price Suddenly Surges, Boosting Ethereum

Former Twitter chief executive Jack Dorsey, who recently quit the social media giant he cofounded to grow his payments company, has predicted bitcoin will eventually replace the U.S. dollar...

www.forbes.com

 

[Oler Ted]

Well the dollar is worthless so you could probably replace it with Chuck E. Cheese tickets at this point

 

[QuanChi]

imagine the smell:

 

[Sikness23245]

Either elites are looking to get out of positions by artificially pumping up prices with comments like this (and Elon the other day re: DOGE) or they have loaded up and trying to spark another bull run. My guess is the former.

 

[Emma tenywa]

Either elites are looking to get out of positions by artificially pumping up prices with comments like this (and Elon the other day re: DOGE) or they have loaded up and trying to spark another bull run. My guess is the former.

And the common investor suffers most

 

[ChicagoFats]

What are your thoughts on such claims? I think its just a tactic to drive the price of btc high. The btc volatility is high, and it having a fixed threshold makes it not suitable to replace any nations currency. The real question is, what will happen to btc when it all gets mined and exhausted??

Bitcoin Will ‘Replace The U.S. Dollar’—Jack Dorsey Made A Radical Prediction As The Price Suddenly Surges, Boosting Ethereum

Former Twitter chief executive Jack Dorsey, who recently quit the social media giant he cofounded to grow his payments company, has predicted bitcoin will eventually replace the U.S. dollar...

www.forbes.com

Once all of the Bitcoin are mined, the minimal transaction fees will be allocated to the miners as payments. Look at it as the wholesale cost of doing business with no markups from a bank or any other middleman.

I don’t think BTC will replace the USD in our lifetimes. I do think 25-30 years from now BTC could replace USD. In the meantime it will be a hybrid system where the banks handle more complicated transactions and your block chains will handle more simple transactions.

I can’t stress the amount of money being currently invested in this space. 10 years from now the banking and finance industry will be starting to look much different.

 

[ChicagoFats]

And the common investor suffers most

Let’s have a talk about what is money.

I’’ve been doing a lot of research on the topic and feel that BTC is digital money.

The dollar represents that you have done something of value. BTC also represents that you have done something of value. It represents that you have converted electricity into a contribution to a computer network.

And since BTC confirms every transaction, you can not “double spend” that money.

I think there is high demand for this technology going forward and it’s still in its infancy. Just as AOL was to the internet 30 years ago. I don’t know if BTC will be the AOL and slowly dissappear or will it be like Amazon and dominate the industry?

I think they are here to stay and you will else many products invented over the next couple years to make using crypto much more user friendly.

 

[Rebarcock.]

Either elites are looking to get out of positions by artificially pumping up prices with comments like this (and Elon the other day re: DOGE) or they have loaded up and trying to spark another bull run. My guess is the former.

Nailed it. Jack is in trouble

 

[Taggart]

Well the dollar is worthless so you could probably replace it with Chuck E. Cheese tickets at this point

 

[Rebarcock.]

Once all of the Bitcoin are mined, the minimal transaction fees will be allocated to the miners as payments. Look at it as the wholesale cost of doing business with no markups from a bank or any other middleman.

I don’t think BTC will replace the USD in our lifetimes. I do think 25-30 years from now BTC could replace USD. In the meantime it will be a hybrid system where the banks handle more complicated transactions and your block chains will handle more simple transactions.

I can’t stress the amount of money being currently invested in this space. 10 years from now the banking and finance industry will be starting to look much different.

Pretty sure the Phoenix rising from the ashes is happening. Who wins is the issue. I'm nervous about crypto. I've only done well when my house burned down.

I liked gold took a hit last week. It may not be crypto but intergalactically speaking gold is better than everything but platinum