With all the talk about solar storms and the internet going down I would never believe in digital money. I think it’s all a ploy to get actual money out of people’s hands so they can have complete control of our finances and turn it all off when they feel like it. Never forget when Greece gave everyone a “haircut” and essentially stole money from their bank accounts.
I don’t see them getting away from digital monies because that is how they will cut people off from buying or selling based on social credit score. This, in my opinion, is why they are trying to phase out physical currency starting with coins
With all the talk about solar storms and the internet going down I would never believe in digital money. I think it’s all a ploy to get actual money out of people’s hands so they can have complete control of our finances and turn it all off when they feel like it. Never forget when Greece gave everyone a “haircut” and essentially stole money from their bank accounts.
What about when everyone starts refusing to take real money?
I don’t see them getting away from digital monies because that is how they will cut people off from buying or selling based on social credit score. This, in my opinion, is why they are trying to phase out physical currency starting with coins
It’s illegal in many states to refuse paper currency. Don’t allow them to refuse. Stand up for your current rights.
We do when we have cash. We usually don’t carry cash on us because we don’t have any to spare after bills.
bitcoin can be sent over satellite or ham radio so the world losing internet/power argument really doesnt work against bitcoin anymore
bitcoin cannot be "turned off" or confiscated (if you use/store it properly)
Not by normal people, and the miners writing transactions need the internet
satellite receivers or ham radio are not out-of-reach for normal people. few hundred bucks.
and with a receiver, you could connect to a satellite bitcoin node and run your mining operation
If one dies owning a bunch of bitcoin, how is it passed on to loved ones?
good question
The holder of the private key for the wallet or exchange account would need to make arrangements. It is possible.
Good point
I consider it part of my 'all of the above' asset allocation strategy. We each have our own variables to consider.
IMO allocating the lion share of your wealth in any one asset or class of assets is unnecessarily risky.
What are you goals vis a vis bitcoin and crypto in general?
Getting govt. out of my finances, setting aside when I can towards Camp Yesu startup. Maybe other things.