The point is to have crypto backed by something, Mike is suggesting crypto as a utilitarian purpose, stable, auditable. If your the tech guy, take a listen.
Way above my ability, I’m not opening a software hit by the latest hack, lol!
I will say once crypto is backed by anything, you still have full faith and credit in that person/entity. Like Fort Knox, possibly. Same with the physical silver/gold IRAs, food, etc. it gets sketchy because WE know scams exist, but we also know people we trust. Gotta figure it out.
The point is to have crypto backed by something, Mike is suggesting crypto as a utilitarian purpose, stable, auditable. If your the tech guy, take a listen.
Way above my ability, I’m not opening a software hit by the latest hack, lol!
I will say once crypto is backed by anything, you still have full faith and credit in that person/entity. Like Fort Knox, possibly. Same with the physical silver/gold IRAs, food, etc. it gets sketchy because WE know scams exist, but we also know people we trust. Gotta figure it out.
I hear you. What’s Bitcoin backed by?
I think I just gave you your 10k comment updoot!
Perished electricity?