Smart Contract Exploits

David's faith said:
That doesen't change the circumstance that the money system would no longer work. I mean first would financial institutions fail. With them the accounts of billions of people and entities fail too. It would be literally dooms day. From 21st century to stone age in a heartbeat in histories meassurement. That's a very dark picture but the civil and military unrest that would follow are even more dark... You see now why BTC is not a fix to it? Even gold isn't.
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How did we move from horse to car? Over many years. Same with fiat vs. BTC. It will for sure get ugly at some point, but having the life raft in the water as your ship is sinking will at least allow anyone to jump off and swim to it.

The obvious thing is that debt cannot keep growing faster than incomes and GDP, and yet that is the only way to keep this going. This cannot be fixed via the traditional routes.
 
How did we move from horse to car?
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Never happened, we're just going through a multi-generational dip on buggies due to the motorized vehicle fad. Buy the dip! If you don't dive in now, you'll be sorry when the horse & whips rally.
 
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