It takes one electrical surge and 'poof' it's gone.
This is just wrong and it's laughable that anyone still thinks this is true of any crypto. If this was the case why has it survived this long? All you are showing is that you don't understand how it works.
One electrical surge and it's gone? No, You'd need a worldwide EMP to take out every single computer running the software. It's impossible, barring something like an extreme solar flare or asteroid hitting the earth. That's why it's such a big deal - for the first time in history people can keep records in a decentralized database that no one can alter. That's the value, it has nothing to do with all the stupid hype that people talk about. Almost everyone misses the point.
We agree on the gold/Ponzi/CBDC stuff. But bitcoin/crypto is its own thing, that doesn't depend on gold or any fiat currency to survive. Bitcoin itself has a hard supply cap so no one can ever "print" more than is supposed to exist, and anyone can audit the supply at any time. That means no one can cheat the system. If you think Bitcoin was/is part of the CBDC plan, why would they create something like that?
This reminds me of a FarSide cartoon, to which two long-necked dinosaurs said to the other, "It would take an extinction level event to end all this." They both laughed, "Right! Like that's going to happen!". What did NASA just announce? Gold is forever. Digital currency requires milliVolts that can easily be shut down just like the voting in Georgia.
The CBDC digital currency is a much faster shell game, but a Ponzi Scheme lives and dies as one no matter how much it is disguised.
This is just wrong and it's laughable that anyone still thinks this is true of any crypto. If this was the case why has it survived this long? All you are showing is that you don't understand how it works.
One electrical surge and it's gone? No, You'd need a worldwide EMP to take out every single computer running the software. It's impossible, barring something like an extreme solar flare or asteroid hitting the earth. That's why it's such a big deal - for the first time in history people can keep records in a decentralized database that no one can alter. That's the value, it has nothing to do with all the stupid hype that people talk about. Almost everyone misses the point.
We agree on the gold/Ponzi/CBDC stuff. But bitcoin/crypto is its own thing, that doesn't depend on gold or any fiat currency to survive. Bitcoin itself has a hard supply cap so no one can ever "print" more than is supposed to exist, and anyone can audit the supply at any time. That means no one can cheat the system. If you think Bitcoin was/is part of the CBDC plan, why would they create something like that?
This reminds me of a FarSide cartoon, to which two long-necked dinosaurs said to the other, "It would take an extinction level event to end all this." They both laughed, "Right! Like that's going to happen!". What did NASA just announce? Gold is forever. Digital currency requires milliVolts that can easily be shut down just like the voting in Georgia.
The CBDC digital currency is a much faster shell game, but a Ponzi Scheme lives and dies as one no matter how much it is disguised.