If the economy in the U.S. and or Europe implodes how do you see this happening?
Some say deflation some say inflation some say both.
Only the oblivious can ignore the obvious.
Anyway it is hard to wrap my wits around a complete collapse.
The USSR had a complete collapse but the government was so dysfunctional that perhaps people already had created viable alternatives in place.
I would find it hard to imaging that barter could replace the money as there would be no way to have any large scale division of labor or trade. Would this be an opportunity for Bitcoin to replace the money system?
Or would just be a slow gradual decline into a 3rd world economy?
Closing Statement from pat gilbert
Everyone who responded believes that it is going to happen. One stated it was not going to happen.
Some said it will be quick, one said it will be dystopian, some said gold would be money of choice not Bitcoin.
The thing I find interesting about this is the few who commented on this subject. Admittedly negative, but something that is going to change everyone's lives 180 deg gets few comments?
Yet equality or the environment will get hundreds of comments. Me thinks that people are apathetic about this subject.