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? asked in Social ScienceEconomics · 2 months ago

what would happen to the world if everyone gave up central bank currencies for bitcoin?

9 Answers

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  • 4 weeks ago

     ( :

     Hello Trevor . . .

    Coins and bank notes ( could equal ) c = good.

    Bit coins c = bad.

    c = best that coins and bank notes continue to circulate in and out of the tills in stores and shops all around the world.

    A fall to RFID chips inected in bodies c = bad.

    For coins and bank notes to continue to circulate c = that price freezes c = occurring.

    Inflation c = too many 0's.

    To keep on inflating balloons c = that those balloons could burst so to speak type stuff.

    The Easter Bunny c = on the way.

    Chocolate c = nice.

    Like a paradise.

    Hope you have a happy Friday.

     ( :

  • 1 month ago

    The Sims are fake people, like Bitcoin is fake money. Money needs to be backed by real physical value that can be traded from hand to hand with out forcing people  to pay for ISP's or computer technology.

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  • 1 month ago

    worldwide economic collapse

  • arther
    Lv 5
    1 month ago

    a currency which value changes by the hour Im still unsure bitcion is't a pnozi scam . the miners are a waste of electricity if you want to be a greenie and not waste resources?

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  • JuanB
    Lv 7
    1 month ago

    Massive instability 

  • Zirp
    Lv 5
    2 months ago

    that cannot happen. Bitcoin was designed so there never will be more than 21 million (?) of them.

    Massive use of bitcoin would also overburden the worlds internetservers

  • 2 months ago

    What if all the trees went on strike?  What if the sky really did fall?  What if the Force was actually real?  What if gravity suddenly reversed itself?

    What-iffing is fun sometimes, but it's pointless fun.

  • Oiy
    Lv 7
    2 months ago

    There will be no monetary policy for good. And the  Chinese will get rich just because they are doing the mining. The Russian and North Korean meight get richer because they are hacking. We people will be in the vicious cycle of gambling.

  • ?
    Lv 7
    2 months ago

    Gigantic inflation where a gallon of gas costs 150 bucks.

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