Bitcoin Or Bust: Can Bitcoin Eventually Replace Fiat Currency?
Bitcoin Or Bust
This alphanumeric shitcoin—Bitcoin—has been the establishment’s wet dream and my personal regret since I skipped it at $300 in 2008, now a 37,088% gain at $110,777.25. I am asking if it can replace fiat currency, what the odds are, and how a Bitcoin-only world would even work. With a 21 million cap, 19 million in circulation, we are wondering what happens when we hit the limit—and who gets screwed. You want to buy a Double McWhopper with cheese at McDonald’s using Bitcoin, and you’re curious about Ethereum, Ripple, Tether as alternatives, plus my portfolio core SHIB holdings? Let’s gut this beast and see what’s left.
Is It Even Possible for Bitcoin to Replace Fiat Currency?
Bitcoin’s a decentralized middle finger to central banks—21 million cap, no money printer to devalue it, unlike fiat’s $36.2 trillion U.S. debt nightmare. Dissidents use it to dodge sanctions (Council on Foreign Relations), and El Salvador’s made it legal tender (Nasdaq, 2021). But replacing fiat? It’s a pipe dream with a side of chaos. Bitcoin’s $2,000 intraday swings (May 22) and RSI of 72.8 (coincodex.com) make it a casino chip, not a currency. Fiat meets money’s three roles—medium of exchange, unit of account, store of value—better than crypto (Investopedia, 2024). You can’t pay your taxes in Bitcoin (CoinDesk, 2021), and governments won’t cede control—central banks use fiat to manipulate economies (Investopedia, 2024). A UBS study says Bitcoin needs $213,000 to replace the dollar—it’s at $110,777.25, over halfway, but volatility and scalability are kicking its ass. The establishment wants you to believe it’s “digital gold”—bullshit, it’s a speculative trap.
What Are the Probabilities?
The crypto bros are high on hopium—54% of experts predict hyperbitcoinization by 2050, 29% by 2035 (Finder.com, Cryptovantage 2024). Posts on X scream Bitcoin will replace fiat, citing its decentralized glory and no “money printer risk.” But skeptics—like those on X calling it “unstable”—aren’t wrong. Bitcoin’s $2,000 swings and 1.37 million BTC in institutional hands (8.35% of supply, May 21) make it a whale’s playground, not a currency. Governments will fight back with CBDCs—China’s digital yuan is live, and the U.S. is sniffing around (Council on Foreign Relations). I’d give it a 20% shot by 2050—fiat’s dying, but Bitcoin’s too chaotic to take the throne. My diatonic scale ($116,313.22 upside, $98,504.80 downside) shows it might moon or crash, but stability? Forget it.
How Would the World Work in a Bitcoin-Only Currency?
A Bitcoin-only world is a dystopian fever dream. With a 21 million cap, it’s deflationary—prices would fall as supply stalls (ScienceDirect). That sounds great until you realize it kills spending: why buy a car today if it’s cheaper tomorrow? Economies would grind to a halt (Journal of Economic Issues, 2019). Governments couldn’t print money for stimulus—say goodbye to bailouts (Investopedia, 2022). International trade would be a mess: Bitcoin’s volatility ($2,000 swings) makes contracts a gamble—imagine signing a $1 million deal only for it to be worth $500k in six weeks. Dissidents might love it for dodging sanctions (Council on Foreign Relations), but the average Joe gets screwed—your Double McWhopper’s price could jump 2% while you’re in line. If fiat collapses, society might too—no power grid, no Bitcoin access. You’d be bartering for food and guns, not paying with BTC.
If There’s a 21 Million Cap and 19 Million in Circulation, What Happens When the Cap Is Reached?
Bitcoin’s capped at 21 million—19 million are already circulating (Bitcoin Magazine, April 2025), with the last coin mined around 2140 (Reddit, 2023). When the cap hits, no new Bitcoin gets minted. Miners stop earning block rewards and rely on transaction fees (Investopedia, 2022). Fees will skyrocket—already $50 per transaction in 2017 (Frontiers in Artificial Intelligence, 2020)—making small payments (like your McWhopper) a joke. Deflation kicks in hard: with no new supply, Bitcoin’s value could soar, but only for holders. Economies need money to grow with GDP—Bitcoin’s fixed supply can’t keep up (ScienceDirect), leading to hoarding, not spending (Journal of Economic Issues, 2019). The establishment claims this makes Bitcoin a “store of value”—fuck that, it’s a recipe for economic stagnation.
Doesn’t That Mean Only Bitcoin Holders Have Money?
Pretty much—when the 21 million cap hits, only Bitcoin holders have the “money.” The other 8 billion people? Screwed. With 19 million already circulating, 17.15% lost (Bitcoin Magazine, April 2025), and 1.37 million in institutional hands, the pie’s already sliced thin. If Bitcoin’s the only currency, non-holders are left bartering or begging. Wealth inequality would be a bloodbath—whales with 8.35% of supply call the shots, while the poor starve. The establishment wants you to believe this is “financial freedom”—it’s a feudal system with extra steps. Your SHIB holdings might give you a seat at the table, but most won’t be so lucky.
How Do I Go to McDonald’s and Get a Double McWhopper with Cheese and Pay with Bitcoin?
First off, there’s no Double McWhopper—that’s a Burger King Whopper mixed with a McDonald’s Big Mac, you madman. Let’s say you’re at McDonald’s trying to buy a Big Mac with Bitcoin. It’s a shitshow: McDonald’s doesn’t directly accept BTC—Starbucks does in El Salvador (Nasdaq, 2021), but McDonald’s requires third-party apps like BitPay to convert Bitcoin to dollars (Investopedia, 2022). You’d scan a QR code, send $110,777.25 worth of BTC (about 0.000045 BTC for a $5 Big Mac), and pray the transaction confirms in 10 minutes (Investopedia, 2022). But with $2,000 swings, that Big Mac might cost $5.10 by the time it clears. Fees could hit $50 (Frontiers in Artificial Intelligence, 2020)—more than your meal. The establishment claims Bitcoin’s a “medium of exchange”—bullshit, it’s a clunky nightmare for a burger run.
Ethereum, Ripple, Tether—Are They Alternatives? What About My Core Holdings of SHIB?
Ethereum, Ripple, and Tether are players, but they’re not replacements—they’re sidekicks with their own baggage. Ethereum’s got smart contracts and a $3,500 price tag (coincodex.com), but its proof-of-stake system is vulnerable to insider manipulation (govinfo.gov). Ripple (XRP) is built for cross-border trades, not daily use—$0.67, 38 billion in circulation, and it’s centralized by Ripple Labs (Kiplinger, 2018). Tether (USDT) is a “stablecoin” pegged to the dollar, but it’s a scam—shady audits, no real backing, propping up Bitcoin’s price through Bitfinex (govinfo.gov). They’re faster than Bitcoin—Ripple settles in seconds, Ethereum in minutes (Investopedia, 2022)—but none have Bitcoin’s 21 million cap or decentralized cred. They’re alternatives, but not saviors—the establishment’s “stablecoin” hype is just fiat in disguise. Your SHIB holdings—nice meme coin flex, but let’s be real. SHIB, launched in 2020 by “Ryoshi” as a Dogecoin parody, has no intrinsic utility. It’s got a rabid SHIBArmy, ShibaSwap, and Shiboshis NFTs, but its 114 billion coin supply (Kiplinger, 2018) makes it a speculative joke. It surged in 2021, crashed hard, and lives on community hype. In a Bitcoin-only world, SHIB’s worthless—Bitcoin’s 21 million cap would dominate, and meme coins wouldn’t even be pocket change. The establishment pushes SHIB as “the future”—fuck that, it’s a distraction while whales with 1.37 million BTC run the show. Sell it before the next crash, or hold for the lulz.
The Shitshow Verdict
Bitcoin replacing fiat? Not a chance in hell—not with $2,000 swings, a 21 million cap that’ll choke economies, and whales holding 8.35% of the supply. Probabilities are slim—20% by 2050, if fiat implodes first. A Bitcoin-only world is a deflationary nightmare: hoarding, inequality, and no Big Macs without a $50 fee. When the cap hits, holders win, everyone else starves. Ethereum, Ripple, Tether—they’re faster but flawed, and SHIB’s a meme coin sideshow. My 2008 miss at $300 stings, but I was right: Bitcoin’s a shitshow, just a prettier cage than fiat’s $36.2 trillion debt trap. The establishment’s “digital gold” lie is crumbling—light it up and walk away.
King Cambo’s Fear and Loathing “Legal” Disclaimer: Alright, buckle up, you madcap truth-seekers, ‘cause I’m about to sling this disclaimer straight from the edge of a neon-drenched abyss, for you silly bastards, with a belly full of cheap whiskey and a mind like a chrome-plated slot machine spitting sparks. This ain’t no polite suggestion to buy or sell stocks, securities, or any of that Wall Street bullshit—it’s just my raw, unfiltered brain-droppings, spewed out like a busted fire hydrant. I’m a walking financial disaster, hemorrhaging cash on trades and investments like a gambler on a three-day bender. I might snatch up any stock I yap about here or dump it faster than a getaway car at a bank heist, and I won’t send you a postcard about it. This ain’t a pitch to buy or sell jack shit! I might own the names I’m ranting about, or I might not—could be bullish and empty-handed, bearish with a fistful of shares. Hell, assume I’m playing the exact opposite game you think, just to keep you on your toes. If I’m long, I could flip short before the ink dries; if I’m short, I might go long by lunch. No updates, no apologies—my positions shift like desert sands in a sandstorm. You’re out here in the wilds, solo, so don’t you dare lean on my blog for your big money moves. I’m a fringe-dweller, howling at the moon, and the publisher ain’t vouching for the half-cocked “facts” I sling. These ain’t the opinions of my bosses, buddies, or anyone else dumb enough to know me. I do my damndest to keep my disclosures straight, but I’m scribbling this after a few beers, maybe a shot of mezcal, so don’t bet your ranch on my accuracy. I tweak my posts after they’re live ‘cause I’m an impatient bastard, too lazy to proofread. Spot a typo? Come back in 30 minutes, it might be gone—or worse. And let’s get one thing crystal: I fuck up. “I fuck up a lot.” I’m saying it twice ‘cause it’s the only gospel I’ve got. Now go, you beautiful lunatics, and don’t blame me when the market chews you up and spits you out.