Anyone think the reason why crypto is through the roof is due to DS needing ways of laundering shit? Since the rate at which crypto currency is created is limited, it'd explain the crazy prices.
I'm not saying crypto currency is a bad idea ... Quite the contrary ... I simply can't wrap my feeble brain around it's prices and the relatively short period of time it took for them to get there.
Crypto currency is useless when you can't access it. And what do you think will happen to th cryptos in the world when this system of fiat currency does collapse? That's all crypto is, another form of fiat currency.
At the end of the day, if you can't physically hold it, can't physically work to produce it, and can't physically access your holdings, you absolutely have nothing of any real, intrinsic value.
The furniture, knives, skills, knowledge, food, and other services I produce and can provide NOW, AND when this all goes down, ensures my family's survival when this whole putrid system goes belly up.
Depending on the blockchain and token. Cryptocurrency as a blanket term cannot be described as a singular thing like "fiat currency". Sure, some tokens have the same indicators as fiat currency. Something like Ether on the Ethereum blockchain is quite different than the most popular Bitcoin on the vanilla blockchain. Smart Contracts vs. Store of Value. Different tokens have different purposes to fulfill.
The most important thing about cryptocurrency is that there is no central system that runs it. You and I could get our computers connected and trade cryptocurrency using an ethernet cable. It's just cryptographically secured and recorded numbers. The internet is irrelevant.
honestly that's an issue that a lot of crypto industries are already looking into, developing an internet of things style blockchain system for cryptos. I don't know which crypto is actively doing that at this time but it is a possibility that is discussed.
There absolutely are solutions, and there are people actively seeking them out. Gridloss is a mass concern, and governments and wealth are not the only individuals seeking to solve those solutions. M certainly not a master on the topic, but if I was reading about innovations for this problem in 2017, I can't imagine they've given up.
Anyone think the reason why crypto is through the roof is due to DS needing ways of laundering shit? Since the rate at which crypto currency is created is limited, it'd explain the crazy prices.
I'm not saying crypto currency is a bad idea ... Quite the contrary ... I simply can't wrap my feeble brain around it's prices and the relatively short period of time it took for them to get there.
Crypto currency is useless when you can't access it. And what do you think will happen to th cryptos in the world when this system of fiat currency does collapse? That's all crypto is, another form of fiat currency.
At the end of the day, if you can't physically hold it, can't physically work to produce it, and can't physically access your holdings, you absolutely have nothing of any real, intrinsic value.
The furniture, knives, skills, knowledge, food, and other services I produce and can provide NOW, AND when this all goes down, ensures my family's survival when this whole putrid system goes belly up.
Depending on the blockchain and token. Cryptocurrency as a blanket term cannot be described as a singular thing like "fiat currency". Sure, some tokens have the same indicators as fiat currency. Something like Ether on the Ethereum blockchain is quite different than the most popular Bitcoin on the vanilla blockchain. Smart Contracts vs. Store of Value. Different tokens have different purposes to fulfill.
The most important thing about cryptocurrency is that there is no central system that runs it. You and I could get our computers connected and trade cryptocurrency using an ethernet cable. It's just cryptographically secured and recorded numbers. The internet is irrelevant.
Since you get it, what are the chances of a full grid down event ?? I’ll put odds right next to zero. Too much money being lost ...
This.
Not a chance
Lol no.
honestly that's an issue that a lot of crypto industries are already looking into, developing an internet of things style blockchain system for cryptos. I don't know which crypto is actively doing that at this time but it is a possibility that is discussed.
There absolutely are solutions, and there are people actively seeking them out. Gridloss is a mass concern, and governments and wealth are not the only individuals seeking to solve those solutions. M certainly not a master on the topic, but if I was reading about innovations for this problem in 2017, I can't imagine they've given up.