[raiders72001]

Originally posted on 01/26/2023:

Raiders, props to you on all the Alt-coin knowledge. Personally, I know my limits. That's over my head.

What I know is the upcoming demise of the USD. How much can these bastards erode the dollar?

I can post the best example of the demise of US Fiat Currency:

*See the Coinage Act of 1965:
https://en.wikipedia.org/wiki/Coinage_Act_of_1965

Count the # of bold-faced lies Johnson makes:
https://fraser.stlouisfed.org/title/...-act-1965-1123
https://www.presidency.ucsb.edu/docu...he-coinage-act

*Consider the Roosevelt Dime from 1964. 90% silver, 10% copper.
*Compare to the 1965 Dime. 91.67% copper, 8.33% nickel
...Why was all the precious metal sucked out? Cu/Ni are base metals, not precious metals.

Johnson implies that the 1964 Dime and 1965 Dime are interchangeable. Oh, really?

In round #s:
*The 1964 Dime has Ebay resale value of $2.00. That's 20x face. Conservative valuation, probably higher.
*The 1965 Dime has a MELT value of only $0.02. That's 0.20x face.

So, the value of the dime was ripped out at a factor of 100:1. Your 1965 dime is worth 1/100 of the 1964 dime.

Still think the value of the US Dollar isn't eroding?

scary stuff on the USD and what it'll do to the US.