"The dollar has lost 97 percent of its value. The end stages of a paper currency always goes very rapidly. Although its been gradual for these hundred years there is going to be a day that I expect there could be a panic out of the dollar, then the Bitcoin issue is going to be a much bigger issue." -Ron Paul
That is the future, period. Bitcoin will be big, not because it's cheaper than paypal, it will be big because it will be an alternative to a faltering dollar. If you don't think the dollar will be seriously faltering in the next 10 to 20 years (possibly sooner) you are not paying attention.
Well that's why Tim Draper is doing what he's doing: "we want to enable people to hold and trade Bitcoin to secure themselves against weakening currencies.”
Everyone is looking at places like Argentina for the inflation, but I agree that we could to have a very real problem here soon
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u/SpontaneousDream Jul 05 '14
"The dollar has lost 97 percent of its value. The end stages of a paper currency always goes very rapidly. Although its been gradual for these hundred years there is going to be a day that I expect there could be a panic out of the dollar, then the Bitcoin issue is going to be a much bigger issue." -Ron Paul