A common political topic here, inflation. Spoken about like its a problem with no solution. Heres how it will play out: the federal reserve prints more dollars, boomers investments all go up priced in dollars. Boomers pass away, their inheritance goes to their kids who buy bitcoin. This will take place over the next 10-20 years until the current system can no longer sustain itself. Everything will be priced in bitcoin not your countrys fiat currency anymore because paper is not backed by anything. Bitcoin is backed by energy. This has been inevitable since the US went off the gold standard in the 1970s. So now that you got a simple explanation here go out and buy some for your kids if you have any. Any amount will give them a big head start over others who dont realize until 10-20 years from now.

A digital currency is far more likely. Cbdc. Bankers are quite powerful.

3 minutes ago, blaze master said:

A digital currency is far more likely. Cbdc. Bankers are quite powerful.

Which is still subject to inflation. How long will people keep their money in a CBDC when prices for everything are still rising? They will switch to bitcoin

Bitcoin will never replace cash.  It's not a currency; it's a store of value.  I think of it as Digital Gold.

 

Something else will replace physical FIAT and it's probably going to a sovereign country's Digital FIAT.

1 minute ago, angryguy said:

Which is still subject to inflation. How long will people keep their money in a CBDC when prices for everything are still rising? They will switch to bitcoin

 

I hear you but bankers have a stronghold on society that way. What if governments criminalize btc ? 

 

What about if quantum computing or AI cracks the block chain? 

1 minute ago, JBChiangRai said:

Bitcoin will never replace cash.  It's not a currency; it's a store of value.  I think of it as Digital Gold.

 

Something else will replace physical FIAT and it's probably going to a sovereign country's Digital FIAT.

The CBDC still doesnt fix inflation. Bitcoin starts as a store of value and is possible to become a medium of exchange when merchants no longer accept fiat due to hyperinflation

5 minutes ago, blaze master said:

 

I hear you but bankers have a stronghold on society that way. What if governments criminalize btc ? 

 

What about if quantum computing or AI cracks the block chain? 

China has tried, US government has accepted it first therefore will be the main beneficiary. They had no choice due to how many americans have crypto now.

 

governments cant really do anything about it because whoever created it was smarter than everyone else. People can make the choice for themselves what the better money is now. Queue the CIA created bitcoin conspiracies.

 

quantum computing news some time will probably cause a crash in the price. The network can adapt to it

1 minute ago, angryguy said:

The CBDC still doesnt fix inflation. Bitcoin starts as a store of value and is possible to become a medium of exchange when merchants no longer accept fiat due to hyperinflation

 

I agree it will become A medium of exchange, but it won't become THE medium of exchange as transactions are far too slow.

 

CBDC will become THE medium of exchange, they will probably legislate that it has to be.

A good joke first thing in the morning.

4 minutes ago, JBChiangRai said:

 

I agree it will become A medium of exchange, but it won't become THE medium of exchange as transactions are far too slow.

 

CBDC will become THE medium of exchange, they will probably legislate that it has to be.

Slow on the base layer maybe. 15 minutes is indeed too slow thats why they created the lightning network. The infrastructure in place already makes it possible for businesses to accept bitcoin if they wanted to

I really doubt it will.

Bitcoin's weak point is the need for global connectivity and an uninterruptable supply of electricity. A few EMP's will render it valueless in milliseconds.

 

And EMP's will be the first weapons used if Putin, Trump et al decide to get serious about world dominance and go beyond just bragging about whose got the biggest appendage by playing global chess and moving their battlefleets and subs around the world. Nobody can win of-course, but they can recalibrate humanity.

 

EMP's will render every traditional form of money/wealth/means of exchange worthless, including gold and metals. Wealth will be valued in one thing, and one thing only - food, the ability to produce food, the ability to store and protect food.

 

Eventually (maybe decades) gold and silver will re-emerge as a medium of exchange, so in the meantime if you ever get the chance to swap a bag of turnips for three kilos of gold, probably a good futures investment.

 

Welcome to the Middle Ages 2.0 

3 minutes ago, Gsxrnz said:

Bitcoin's weak point is the need for global connectivity and an uninterruptable supply of electricity. A few EMP's will render it valueless in milliseconds.

 

And EMP's will be the first weapons used if Putin, Trump et al decide to get serious about world dominance and go beyond just bragging about whose got the biggest appendage by playing global chess and moving their battlefleets and subs around the world. Nobody can win of-course, but they can recalibrate humanity.

 

EMP's will render every traditional form of money/wealth/means of exchange worthless, including gold and metals. Wealth will be valued in one thing, and one thing only - food, the ability to produce food, the ability to store and protect food.

 

Eventually (maybe decades) gold and silver will re-emerge as a medium of exchange, so in the meantime if you ever get the chance to swap a bag of turnips for three kilos of gold, probably a good futures investment.

 

Welcome to the Middle Ages 2.0 

Yes, thanks i was waiting for the prepper POV. Dont forget to stock up on some guns too

Just read this:

 

Govt CDBC's = lack of privacy, but also AI-enhanced real-time fraud detection, so your money can't be stolen. but also, govts may have control over how we spend our money ... 

 

https://www.forbes.com/councils/forbesbusinessdevelopmentcouncil/2025/04/23/the-future-of-money-will-digital-currencies-replace-fiat/

 

A full replacement of fiat is unlikely in the near term. Instead, we are witnessing a hybrid future. CBDCs are modernizing fiat under regulatory control; cryptocurrencies and stablecoins are playing roles in cross-border payments and financial innovation; and digital wallets and AI are transforming how consumers interact with money.

 

 

6 minutes ago, save the frogs said:

Just read this:

 

Govt CDBC's = lack of privacy, but also AI-enhanced real-time fraud detection, so your money can't be stolen. but also, govts may have control over how we spend our money ... 

 

https://www.forbes.com/councils/forbesbusinessdevelopmentcouncil/2025/04/23/the-future-of-money-will-digital-currencies-replace-fiat/

 

A full replacement of fiat is unlikely in the near term. Instead, we are witnessing a hybrid future. CBDCs are modernizing fiat under regulatory control; cryptocurrencies and stablecoins are playing roles in cross-border payments and financial innovation; and digital wallets and AI are transforming how consumers interact with money.

 

 

Well i already stated why CBDCs wont win in the end. Yes holding your money in a bank is currently safer but i wouldnt recommend anyone go “all in” on anything. Just that inflation is the primary factor going forward in how people invest

12 hours ago, angryguy said:

Well i already stated why CBDCs wont win in the end. Yes holding your money in a bank is currently safer but i wouldnt recommend anyone go “all in” on anything. Just that inflation is the primary factor going forward in how people invest

 

I don't understand crypto .... it makes me nervous.

 

Honestly, I am not very financially savvy. I never have been.

 

I just play it safe, but even playing it too safe can backfire.

 

But the future is too hard to predict. There is also the AI angle, which may bring massive DE-flation.

 

There are too many things converging at the same time, that makes it overwhelming for this simple mind. 

 

 

****Trolling music video removed****

2 minutes ago, save the frogs said:

 

I don't understand crypto .... it makes me nervous.

 

Honestly, I am not very financially savvy. I never have been.

 

I just play it safe, but even playing it too safe can backfire.

 

But the future is too hard to predict. There is also the AI angle, which may bring massive DE-flation.

 

There are too many things converging at the same time, that makes it overwhelming for this simple mind. 

 

 

Well the reason i started this thread was to make it more simple. I believe that the best money will win in the end. There can be only one winner. Fiat and bitcoin cannot coexist, this is what i believe

50 minutes ago, angryguy said:

China has tried, US government has accepted it first therefore will be the main beneficiary. They had no choice due to how many americans have crypto now.

 

governments cant really do anything about it because whoever created it was smarter than everyone else. People can make the choice for themselves what the better money is now. Queue the CIA created bitcoin conspiracies.

 

quantum computing news some time will probably cause a crash in the price. The network can adapt to it

 

Dont get me wrong. It would be a good thing if you’re right. It gives power back to the common person. Their purchasing power wouldn't drop like it does with fiat. That won't sit well with a lot of powerful people.

 

Finite supply so let's hope you're right.

 

58 minutes ago, angryguy said:

The CBDC still doesnt fix inflation. Bitcoin starts as a store of value and is possible to become a medium of exchange when merchants no longer accept fiat due to hyperinflation

Right wingers have been predicting hyperiinflation since the world's major economies  went off the gold standard. That happened during the Great Depression. Nixon just finished the job.

1 minute ago, blaze master said:

 

Dont get me wrong. It would be a good thing if you’re right. It gives power back to the common person. Their purchasing power wouldn't drop like it does with fiat. That won't sit well with a lot of powerful people.

 

Finite supply so let's hope you're right.

 

Alot of people dont like it. Just buy some and save yourself the grief of watching it succeed, is the point of my thread

3 minutes ago, Alan Zweibel said:

Right wingers have been predicting hyperiinflation since the world's major economies  went off the gold standard. That happened during the Great Depression. Nixon just finished the job.

Well if youd have read my initial post youd see that the only reason bitcoin exists today is because the US went off the gold standard. Hyperinflation is a reality in some countries already, and is an eventuality for the rest. 

Just now, angryguy said:

Well if youd have read my initial post youd see that the only reason bitcoin exists today is because the US went off the gold standard. Hyperinflation is a reality in some countries of the world, and is an eventuality for the rest. 

Hyperinflation is not a reality for economically fully developed nations. And for the largest developing nation, China, deflation is the problem. And, as I've noted, predictions by right wingers about hyperinflation have consistently proven to be false. As in the case of such predictions during the Obama administration.

 

15 minutes ago, Alan Zweibel said:

Hyperinflation is not a reality for economically fully developed nations. And for the largest developing nation, China, deflation is the problem. And, as I've noted, predictions by right wingers about hyperinflation have consistently proven to be false. As in the case of such predictions during the Obama administration.

 

This current Keynesian experiment, only been going on since 1971, thats over 50 years. It was made for boomers primarily, the signs of collapse became apparent after 2008, bitcoin created in 2009 as a solution. I give it another 10-20 years. New generations will be able to afford houses and bitcoin is how they will be able to do it

8 minutes ago, angryguy said:

This current Keynesian experiment, only been going on since 1971, thats over 50 years. It was made for boomers primarily, the signs of collapse became apparent after 2008, bitcoin created in 2009 as a solution. I give it another 10-20 years. New generations will be able to afford houses and bitcoin is how they will be able to do it

Once again, gold was no longer used as a backstop for the worlds' economies started during the Great Depression. Basically what Nixon did was to allow the price of gold to float. All you've got in the way of evidence, if it can be dignified with such a word, is a prediction. And bitcoin was created as a medium of exchange, It has failed miserably in that department.

Replace fiat with fiat

 

Got it 👍

Just now, Alan Zweibel said:

Once again, gold was no longer used as a backstop for the worlds' economies started during the Great Depression. Basically what Nixon did was to allow the price of gold to float. All you've got in the way of evidence, if it can be dignified with such a word, is a prediction. And bitcoin was created as a medium of exchange, It has failed miserably in that department.

I dont think the creator expected it to become a medium of exchange, i doubt he thought it would have turned out the way it has, still with time to become the next world currency. The only thing that has to happen is that the world collectively understands the effects of inflation and its game over

27 minutes ago, Alan Zweibel said:

Hyperinflation is not a reality for economically fully developed nations. And for the largest developing nation, China, deflation is the problem. And, as I've noted, predictions by right wingers about hyperinflation have consistently proven to be false. As in the case of such predictions during the Obama administration.

 

 

We will have creeping inflation spurned on by spending which may give way to more money printing. It's absolutely inevitable 

 

I really had hoped Trump would get a handle on it. 

 

Massie / Paul 2028!

2 hours ago, angryguy said:

A common political topic here, inflation. Spoken about like its a problem with no solution. Heres how it will play out: the federal reserve prints more dollars, boomers investments all go up priced in dollars. Boomers pass away, their inheritance goes to their kids who buy bitcoin. This will take place over the next 10-20 years until the current system can no longer sustain itself. Everything will be priced in bitcoin not your countrys fiat currency anymore because paper is not backed by anything. Bitcoin is backed by energy. This has been inevitable since the US went off the gold standard in the 1970s. So now that you got a simple explanation here go out and buy some for your kids if you have any. Any amount will give them a big head start over others who dont realize until 10-20 years from now.

Bitcoin is backed by energy ??

 

You're joking right ? Energy waste more likely.

Can I buy the Bangkok Post with crypto somewhere , anywhere?

Just now, FlorC said:

Bitcoin is backed by energy ??

 

You're joking right ? Energy waste more likely.

Still backed by something verifiable, in which fiat is not anymore. Whether its a waste depends on when you were born and how bitcoin affects you. People that have it dont consider it a waste to now be able to escape debt slavery