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.
I can buy that argument, it’s actually great. 100% in my lifetime ?? Full USofA grid down ? Say in next 30 years ? Not so sure ... and if we wised up could we prevent it ?
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 ...
I can buy that argument, it’s actually great. 100% in my lifetime ?? Full USofA grid down ? Say in next 30 years ? Not so sure ... and if we wised up could we prevent it ?