New Argentinian President May Adopt Bitcoin as National Currency
(www.forbes.com)
CURRENCY RED PILL? 💊
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So when the power or internet goes down, how would anyone access their funds or conduct any transactions? We’ve all seen how fun that is to be at a store when their payment machines aren’t working. It’s chaos.
Yeah, bitcoin enthusiasts disregard the facts as you and others here have stated. To each his own, I'll never buy digital currency.
I’m with you on that. Glad that “the little guy” has had some windfall financial wins with it and happy for them, but I have no interest.
Totally agree. I like to use cash and wish it was gold and silver backed but that's another story. It would really be inconvenient to buy anything with digital currency since you have to use a digital gadget that you have to drag with you all the time and have to keep it charged just to do transactions. That messes with time management in a big way and people don't realize it. But having to rely on the internet and a digital gadget all the time to access your digital currency is just crazy. As most people are addicted to their cell phones, I refuse to carry one, its for emergencies only and stays in the vehicle. As some have already mentioned, if a powerful coronal mass ejection CME from the sun caused an EMP or an enemy blasts a nuke 400 miles up, that EMP would destroy anything digital, as hundreds of millions of digital gadgets would burn up and all digital currency would disappear, but tangible gold and silver remains. No one has yet explained how digital currency would be protected when all computers fail worldwide after an EMP. In the end it would be total chaos because we rely so much on digital throw-away gadgets.
Exactly. Even just having an ice/snow storm, hurricane, earthquake, flood, tornado, whatever type of common disaster can wipe out power and internet for days or weeks at a time. So anyone in that vicinity impacted would be unable to buy anything for the duration of the outage. That’s just inhumane from the jump.