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RE: Bitcoin and Fiat Leak - A Ringside Seat to the Collapse
I've been reading and following stories about the impending doom, the collapse of the banking system for years now, they always say it's going to happen on a very specific date. Obviously it hasn't happened so far but I think we might be reaching a tipping point.
As soon as the first country swaps over to a cryptocurrency and to including blockchain technology for all their local and government operations I think we'll see a massive movement. The system will try to fight it but from that point there will be two parallel systems working and more and more governments will jump ship. It will be interesting for sure and can't imagine yet how it's going to pan out.
I don't think the collapse can be foreseen, it will likely be triggered by a black swan. But for now I agree, it looks like a tipping point is close.
Legislation in Japan has already made Bitcoin and virtual currencies legal currency (April 2017) See this link. Since then announcements have been rolling in and it looks like over half a million stores will be accepting crypto in Japan in the immediate future.