Imagine trying to jump from one train to the other if: Train A is going 65 mph & Train B is going 60 mph Only these trains aren't running in the same direction. They are running in opposite directions. That's what "pegging" the dollar to Bitcoin would look and feel like. You can attempt that jump, but like Joe Carlasare says, "The new paradigm isn't forced upon the old; it succeeds it."

Replies (12)

Stackmore's avatar
Stackmore 2 years ago
And the next time these trains encounter each other they will both be faster.
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Aaa 2 years ago
Obviously, American trains. Chinese trains, 21st century, run way faster!
#Bitcoin consumes it………….. The dominant consumes the weak……… #Bitcoin being honest money will do this……….
techfeudalist 's avatar
techfeudalist 2 years ago
Probably the best way to transition would be for red states to promote bitcoin via full reserve state banks. As Balaji suggested, they could connect with each other to pool liquidity.
Habanero's avatar
Habanero 2 years ago
I imagine 2027, standing in line at the DMV, opendime in one hand, two fat stacks of $100,000 bills in the other... waiting... waiting... hoping to transfer them for a few measly satoshis