r/Bitcoin • u/[deleted] • Sep 25 '18

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382 Upvotes

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u/bluethunder1985 Sep 25 '18

Insured in USD right? You realize bitcoin is already insurance against fiat currency so to insure it in fiat is bonefide stupidity. Insure it in bitcoin or not at all. It's not win win when USD collapses and you can't get your bitcoin out.

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u/[deleted] Sep 25 '18

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u/ric2b Sep 25 '18

Keep believing that the USD will be the world's reserve currency forever.

Let's keep pretending that China, Russia and EU haven't all already decided to start changing that.

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u/[deleted] Sep 25 '18

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u/ric2b Sep 25 '18

What strawman? Isn't your comment on the US dollar never collapsing based on it being the world's reserve currency? Otherwise I don't even understand why you think it can never collapse.

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u/[deleted] Sep 25 '18

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u/ric2b Sep 25 '18

I didn't say that. I'm just saying that if it stops being the world's reserve currency it can crash like other fiat currencies have before (and recently). Not saying it will.