👺💰🌎 Jamie Dimon lashes out against crypto: ‘If I was the government, I’d close it down’ 👺💰🌎
(www.cnbc.com)
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How much you wanna bet that when the power/comms/Internet/gps "cyber attack" or "solar storm" happens, they will use that to steal everyone's money in crypto and you'll wake with empty accounts?
It's safer than the dollar potentially collapsing.
The safest metal is lead. If SHTF then it will be used as money and has the potential to settle many arguments.
Indeed.
AKA gimmeyourcoin.
Not your keys, not your wallet
Not possible with private offline wallet. You can stash your Bitcoin private wallet in an EMP-proof and fireproof container near a large tree under a rock in a rock wall for 20 years while the Feds put you in prison for "hate speech" Shawshank-style. And when you get out it is worth much, much more than when you started. Then you use your Bitcoin assets to go scorched Earth lawfare, become a D.A., and then take down the whole gov't.
A movie script maybe? hehe...
You're close but missing something. The Bitcoin ledger has EVERYONES tx's on it. Anyone with an emp proof hard drive could reboot the entire chain and rebuild consensus.
It's the most EMP proof thing in the world, in that it would survive the theoretical EMP
Correct. Any individual with a reasonably powerful computer can become a node, adding to hash-rate. And more ambitious individuals can mine with “free energy” once they figure out how to setup an electrostat balloon over their land with allodial title.
Electrostat balloon collects electric potential and sends it to the ground via copper wire embedded in one of the tethers. A balloon anchored at 250-500 feet should be adequate and is below the 1000 ft floor claimed by FAA in most areas.
It was literally built using military technology designed to preserve communications after an EMP or nuclear attack. Too many anons and even normie bitcoiners overlook this fact.
With Bitcoin, it's physically impossible to steal as long as it's stored properly. It will still be there on the ledger when the power and internet come back on. As for the shitcoins, yeah those will probably be gone.
They could do that with the banks too, and far easier