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 ?
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 ?