New Argentinian President May Adopt Bitcoin as National Currency
(www.forbes.com)
CURRENCY RED PILL? 💊
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Learn how this digital currency works. It is not client server, it is free and out in the open internet, totally decentralized. It scares the living crap out of these elite bankers
I'm a little skeptical about digital nerd coins being that they are not physical assets but i do have an open mind. What if a solar flare from the sun knocked out all the electronics or an EMP from nukes? would the Nerd coins survive? although if our enemies hate the nerd coins then by deductive reasoning they should be good.
It would only reduce the hash rate (provided by the inter-networked miners). It is not possible/likely for a solar flare to take out the entire planet. A solar flare powerful enough to knock out all electronics on Earth would be an extraordinarily massive event. The scale of such a storm would likely exceed the highest category currently used to classify solar storms, which is the G5 class on the geomagnetic storm scale. G5 storms can cause widespread electrical disruptions and damage to power grids, but a storm capable of disabling all electronics globally would be unprecedented in recorded history (and I'm even referencing geological measurements of solar events hundreds of thousands or even millions of years ago). The likelihood of such an event is extremely low, but its impact would be catastrophic if it were to occur.
Copy that C5, if our enemies hate the Nerd coins then thats good enough for me!
There's also a finite supply of it. There's a reason bitcoin transactions can be carried out to 8 decimal places.
Non-backed currency, like our current dollar, is susceptible to inflation when those in power won't stop printing it.
If we don't go back to a gold/silver backed dollar, I think Bitcoin would be a good replacement. When it first came out, it was pretty obvious to me, that it was supposed to replace traditional currency. Things went downhill when everyone started trading it for dollars.