you could say a whole lot but all you want to say is no electric no btc.No electricity, no Bitcoin
No Internet, no Bitcoin
Need we say more?
exactlyNo electric. No nothing.
the computer you just typed on is basically operated by an intangible (software and electricity). the computer programs large and small which are used literally everywhere must have internet and electricity to operate. would anyone like to use a manual typewriter instead of their computer? rely on one or two newspaper for all your news?One is Tangible the other is not. Look up Tangible.
the computer you just typed on is basically operated by an intangible (software and electricity). the computer programs large and small which are used literally everywhere must have internet and electricity to operate. would anyone like to use a manual typewriter instead of their computer? rely on one or two newspaper for all your news?
you can't "touch or hold" your software, most spending is with credit/debit cards and a few others on smart phones and nobody blinks an eye. think holding that small piece of plastic means anything or is it the coding that transfers the data over the internet that allows you pay for your tank of gas...
tangible or not is a completely pointless thing
Does anybody else see the irony of Bitcoin on a TEOTWAWKI oriented board? At least once a month Coronal Mass Ejections are discussed. Then there's the EMP discussions that Dennis really seems to like. Face it, if any of this or other SHTF doom porn happens, Bitcoin will no longer exist.
I'm not against BC. I actually think it's a neat idea. It does seem to rhyme with the Dutch tulip frenzy/bubble back in the 1600's, though.
I'm not totally for PM's. However, they have stood the test of time.
I have liked dollars for most of my life, but I realize that the dollar's time is drawing to a close thanks to Washington and big bank fools.
What I am in favor of is the Alpha Strategy. I've mentioned this over the years. The basic tenet is buy, use, and store things you need. Shovels are good to have if you're going to need a hole. It goes on. If you have the things that make life livable on hand and stored, you beat inflation and a declining economy. If it all goes down and I need to put in a garden is my gold coin going to be any good? The rake, shovel, pick, etc will be far more important than a shiny disc.
Anyhow, here's a link to the "Alpha Strategy." https://dn790008.ca.archive.org/0/items/the-alpha-strategy/The Alpha STRATEGY.pdf
eta, it's also necessary to have a few friends. If I hadn't lost those coins when the boat sank, I wouldn't get rid of them now. Alas, Davy Jones wins again. I see why it was good that I stayed out of the Navy.
WOW. I really enjoyed that debate! LOL, Analog vs Digital wealth.This is the best thing I've watched all day. Fox Business surprised Natalie Brunell with goldbug, Peter Schiff, and she handled it wonderfully.
The smartest, coolest people on the planet understand Bitcoin and how revolutionary it truly is.
Hard to eat your gold. Stick with beans and "bullets" !No electric. No nothing.
Yep, I have a say, no electricity and I ain’t worried about Bitcoin. In fact, it will be the last thing on my mind….No electricity, no Bitcoin
No Internet, no Bitcoin
Need we say more?
Hard to eat your gold. Stick with beans and "bullets" !
For that matter, martial law, no BitcoinNo electricity, no Bitcoin
No Internet, no Bitcoin
Need we say more?
Your post is a non sequitur. The software operates within a tangible device. No device, no software. It’s like a car. You know that something is happening under the hood when you start it and drive, but it’s all intangible. However, the car is not.the computer you just typed on is basically operated by an intangible (software and electricity). the computer programs large and small which are used literally everywhere must have internet and electricity to operate. would anyone like to use a manual typewriter instead of their computer? rely on one or two newspaper for all your news?
you can't "touch or hold" your software, most spending is with credit/debit cards and a few others on smart phones and nobody blinks an eye. think holding that small piece of plastic means anything or is it the coding that transfers the data over the internet that allows you pay for your tank of gas...
tangible or not is a completely pointless thing
WOW. I really enjoyed that debate! LOL, Analog vs Digital wealth.
We need say more.No electricity, no Bitcoin
No Internet, no Bitcoin
Need we say more?
Is that you, Minnesota Smith?An asteroid hits the earth. Almost all of mankind is wiped out. 5000 years from now some hot cave girl walks into the cave wearing some gold and silver jewelry. Another hot cave babe, already there and cooking dinner looks up and says "hey, that's really pretty, where did you get that? Is there any more?"
Then it all starts over again.
Okay, good stuff....An asteroid hits the earth. Almost all of mankind is wiped out. 5000 years from now some hot cave girl walks into the cave wearing some gold and silver jewelry. Another hot cave babe, already there and cooking dinner looks up and says "hey, that's really pretty, where did you get that? Is there any more?"
Then it all starts over again.
I was watching this in a commissary in a dorm while having lunch and noticed some of the students got quiet and were listening. It creeped me out so I found a bathroom to listen to it.This is the best thing I've watched all day. Fox Business surprised Natalie Brunell with goldbug, Peter Schiff, and she handled it wonderfully.
The smartest, coolest people on the planet understand Bitcoin and how revolutionary it truly is.
Do you think, really, that's likely to happen?No electricity, no Bitcoin
No Internet, no Bitcoin
Need we say more?
You forgot mayonnaise! He likes that too!Does anybody else see the irony of Bitcoin on a TEOTWAWKI oriented board? At least once a month Coronal Mass Ejections are discussed. Then there's the EMP discussions that Dennis really seems to like. Face it, if any of this or other SHTF doom porn happens, Bitcoin will no longer exist.
It goes, and in a year 90% of the population is dead. Plenty of land, gold, silver, et cetera to go around.No electric. No nothing.
Most FRNs are now digital!We need say more.
No electricity, no 20th/21st century living standard. Not having Bitcoin, or the internet, would be the least of our problems.
Got clay tablets?
I’m on my phone otherwise I’d link to Dennis thread a couple of weeks ago when USSA went down and he couldn’t pay his dental bill.Do you think, really, that's likely to happen?
I don't want to rain on anyone's doom parade, but...
It will convert to whatever the currency of the realm is.And currently bitcoin can only be redeemed in dollar or other fiat currencies which are collapsing. BTC has value now, will it in the future? Nobody really knows. What about gold and silver? Do we value them in dollars or fiat as most do or do we value them in ounces? I value them in the latter.
The dollar was just a term used to describe a certain number of grains of silver or gold. The coinage act of 1792 says that the dollar was 417 grains of standard silver (alloy) which is equivalent to a one ounce coin and a gold $10 eagle as an example was 270 grains of standard gold. The dollar meant a coin’s weight in grains of metal.
That was then but this is today. What we do have is history spanning thousands of years for metallic coinage whereas BTC has a history of perhaps 15 years and has never endured a economic/fiscal implosion. For BTC or even an official CBDC to retain any value at the very least one thing we do know is the electrical grid and internet needs to remain viable for the common man (woman) to be able to meaningfully access and use it in commerce.
With the world and governments basically bankrupt I’d have to lay the odds on more degradation of infrastructure than of maintaining it and building it out. Maybe history will be different this time but I wouldn’t bet on it and that (imo) is exactly what one does if they put more into crypto than they can afford to lose. Great speculation that has made some paper wealth rich but will it endure the test of time? We shall see.