Ofc, I imagine @Jozhe  ‘s question was triggered by Balaji Srinivasan’s prediction / bet ok the collapse in the value of the dollar (a crisis in the US currency due to bank failures, hyperinflation and similar catastrophes, and a total loss of confidence in the system) that in turn causes a global flight to #Crypto with Bitcoin rising to $1 million within the next 90 days. 😉

https://twitter.com/balajis/status/1636797265317867520

Balaji

Jozhe

Crypto

Ofc, I imagine @Jozhe  ‘s question was triggered by Balaji Srinivasan’s prediction / bet ok the collapse in the value of the dollar (a crisis in the US currency due to bank failures, hyperinflation and similar catastrophes, and a total loss of confidence in the system) that in turn causes a global flight to #Crypto with Bitcoin rising to $1 million within the next 90 days. 😉  https://twitter.com/balajis/status/1636797265317867520

Maybe I’ve watched too many dystopian ##📺 MOViE & TV SHOW♥️ , but when the system crashes that means that the global network is down and overnight everything becomes purely local again. 

Food, energy, medical care etc. Back to the barter economy. Just like Cuba in 1990 and the USSR shortly after. The Black Market in Postwar Berlin comes to mind. The logic is consistent.

if the global economy were to crash, I’d want to make sure to have something physical for trade. Food, energy, medicines, sex, drugs, weapons and protection. Bitcoin is for fools. Only their handlers get rich.

#📺 MOViE & TV SHOW♥️

Maybe I’ve watched too many dystopian ##📺 MOViE & TV SHOW♥️ , but when the system crashes that means that the global network is down and overnight everything becomes purely local again.   Food, energy, medical care etc. Back to the barter economy. Just like Cuba in 1990 and the USSR shortly after. The Black Market in Postwar Berlin comes to mind. The logic is consistent.  if the global economy were to crash, I’d want to make sure to have something physical for trade. Food, energy, medicines, sex, drugs, weapons and protection. Bitcoin is for fools. Only their handlers get rich.

Nate

China doesn't tolerate it, the US won't tolerate it, and the EU has the most aggressive regulators in the world. So the crypto friends will be whatever flavor of the month South American autocrat decides to roll his country's finances into his desired daytrading activity.

Balaji has been predicting the end in 90 days for 10 years at least already 

https://www.youtube.com/watch?v=cOubCHLXT6A&list=PLQ-uHSnFig5PZH_UEL0JalZ2edVGsO2R8

Balaji has been predicting the end in 90 days for 10 years at least already   https://www.youtube.com/watch?v=cOubCHLXT6A&list=PLQ-uHSnFig5PZH_UEL0JalZ2edVGsO2R8

Balaji Srinivasan at Startup School 2013. Startup School is YC's free online program for founders. Sign up to access the full curriculum and over $100k in deals! https://www.startupschool.org/

Balaji Srinivasan at Startup School 2013

Jerome Cody

I believe that the collapse will eventually happen, but will be far far beyond 90 days.  

WRT the flight to Bitcoin, I doubt it.  I'm not seeing how a form of money that requires a extensive stable internet infrastructure to function survives this kind of event.

I believe that the collapse will eventually happen, but will be far far beyond 90 days.    WRT the flight to Bitcoin, I doubt it.  I'm not seeing how a form of money that requires a extensive stable internet infrastructure to function survives this kind of event.

For the first time in many years, governments are taking over banks, and governments themselves are at risk of becoming insolvent. Bitcoin is a hedge against a 'domino' run on the banks and on poor over-controlling governance.

D J

A group of likeminded people in Crypto are talking about this.