Your logic is wrong because of simply this. The dollar is based on “value” and this plan involves backing currency with gold and not Magic fairy dust coins. We already have online transactions, so ask yourself what in the world is bitcoin a benefit over? It’s yet another fake currency. There has to be something of value represented ongoing. If not machines will always go brrrrrrrrrr and create more debt enslaving is all forevermore.
Yeah, because people of the world are gonna adopt a new currency backed by nothing that is already almost all mined out wholly owned by 5% of the population already with a good percentage who made it trafficking humans and drugs......
Lol that’s not how it works. The gold is stored and you are issued a certificate (paper or electronic) to use. Dudes won’t be rolling up with a sack of coins to buy a number one a mcds. This will establish a true value that isn’t devalued based on the desires of others but rather fact and substance.
You do realize that no money means no money right? Bitcoin has a value because people say it does and only that reason. 401k’s are often diversified in many companies that can crash sure, but you can’t live life waiting on that. Not that you shouldn’t prepare but rather you can’t control it. The 401k should always be savings for later in life, in your description again no money is no money so what does it matter where it was lost? I will say however that for centuries gold has been a currency and has a great chance of still doing so. However if it is mad max barter will be the currency just like it’s always been when people are out of money.
Your logic is wrong because of simply this. The dollar is based on “value” and this plan involves backing currency with gold and not Magic fairy dust coins. We already have online transactions, so ask yourself what in the world is bitcoin a benefit over? It’s yet another fake currency. There has to be something of value represented ongoing. If not machines will always go brrrrrrrrrr and create more debt enslaving is all forevermore.
That's not how BTC works but okay. Go buy Au and Ag, just as good.
Better
have fun staying poor
Yeah, because people of the world are gonna adopt a new currency backed by nothing that is already almost all mined out wholly owned by 5% of the population already with a good percentage who made it trafficking humans and drugs......
Riiiiiiiggghhhhhtttt,,,,,,,
But but men bitcoins decentralized...
Derrr.....
Lol that’s not how it works. The gold is stored and you are issued a certificate (paper or electronic) to use. Dudes won’t be rolling up with a sack of coins to buy a number one a mcds. This will establish a true value that isn’t devalued based on the desires of others but rather fact and substance.
You do realize that no money means no money right? Bitcoin has a value because people say it does and only that reason. 401k’s are often diversified in many companies that can crash sure, but you can’t live life waiting on that. Not that you shouldn’t prepare but rather you can’t control it. The 401k should always be savings for later in life, in your description again no money is no money so what does it matter where it was lost? I will say however that for centuries gold has been a currency and has a great chance of still doing so. However if it is mad max barter will be the currency just like it’s always been when people are out of money.
Why are you typing in all caps?