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RE: Walton Scam? Bitcoin Politicians, Kazakhstan Bitcoin on FIRE

in #bitcoin7 years ago

Thank you for the news. Regarding politicians accepting bitcoin though, I don't think the issue is their age. It is power and nothing less. Why would the country that has more than 800 military bases around the world give up the dollar and start trading petrol and other commodities in bitcoin? The core of the US financial power is the dollar and these bases around the world are to protect the status quo - the petrodollar. More than 60% of the world trade is done in dollars (or a very similar percentage) and I don't see it changing anytime soon, unless there is a huge economic crisis, a new world war, or both. But I can't see what the US has to gain if she just gives up the dollar and self-destroys the world order that she created after the end of World War 2. Unfortunately, bitcoin so far is just a speculative asset and, in my opinion, only a huge cataclysm could change it status.