Originally Posted by thommy

it is not that easy as you say.

yes money is nothing else than a promise - but what is a promise behind bitcoin and a promise behind a country?

A. If a country is bankrupt:

1. all reverse dept they have will be taken
2. they will not get any loans in the future til they have paid the old dept and the
fast loans they need will be so terrible expensive that it is cheaper to pay the dept
3. the successor in title is held liable - FOREVER - they can vote 100 years
a new government and they will be still in dept.
4. they can not even earn interest because as soon as they buy bonds from another
country the money is gone.

a country is definitely bankrupt when all people there are leaving. do you really think that this will ever happen?

B. If the bitcoin crahes:

NOTHING HAPPENS - some people made a lot of money (and this will be the criminals who made it big) and this win comes from the majority who lost it.
THAT`S IT !

why do you think countries had the idea of currencies?
because multi currency is not good for trade. this is why most european countries are using the Euro in the meantime.

this is the only way what can give a reliable forecast because a Euro will still be a Euro next year when a German company orders from a french or spanish or italian.
before the always had the exchange risk.

bitcoin is not a currency - it is a gambling - the same as when you go to las vegas and play poker or roulette. you can win or lose but we all know that losers HAVE TO BE the majority because without them there would not be a few big winners.

the theory to replace money with cybercurrency would damage the whole planet because nobody would spend money because they would thing it is rising.

there is a town in switzerland what got famous to be the bitcoin town.
you can pay everywhere there with bitcoin BUT nobody does ! in the whole town 20 people paid in 2017 with bitcoin and in this 20 people where mostly journalists what wanted to test it.

so if nobody uses a currency HOW do you want to make biz and trades?

there is no value in crypto and nobody you can held reliable for it.

the blockchain will succeed - it will be part of our existing system where you can pay with a credit card or make a wire - same as you used to do it now (maybe a bit more complicated).
the only thing what will happen than is that every financial office in the world will know HOW MUCH money you sepnd FOR WHAT, TO WHOM and they will know FROM WHOM you got it and WHERE HE GOT IT FROM.

so where is the big freedom in that?

there is still enough black money in the market that this game will go on for a while.
after all is washed or the market is regulated it is just a long number of zeros and ones.
just worth the disk space you saved them.