I don't have any trust in the current financial system. Where did you get that absurd idea? Criticizing a "currency" that is entirely fictitious is not demonstrating any faith in the fiat currency (I even described crypto as fiat currency for the modern types).
If Crypto is the future, prepare for it to be blown away. You won't have anything, then. Even shares of stock would be more valuable, and that is one thing you are forgetting. If currency has no commodity value...it ultimately has no value.
I am hoping that Trump will re-establish our currency as a gold-backed one. (And maybe also silver, but I am not clear on the whole controversy over bimetallism.) It would be straightforward to make the conversion voluntarily.
It will be a short future. The analyses I've seen peg their doom as being only a few years away at the present growth in electric power requirements to sustain the blockchain mining. Why don't you sit down and get your head around this problem, instead of jumping on your charger and prophesying victory?
And SHTF includes complete power outage? And erratic telephone lines? You seem to have a very elegant conception of SHTF.
I don't have any trust in the current financial system. Where did you get that absurd idea? Criticizing a "currency" that is entirely fictitious is not demonstrating any faith in the fiat currency (I even described crypto as fiat currency for the modern types).
If Crypto is the future, prepare for it to be blown away. You won't have anything, then. Even shares of stock would be more valuable, and that is one thing you are forgetting. If currency has no commodity value...it ultimately has no value.
I am hoping that Trump will re-establish our currency as a gold-backed one. (And maybe also silver, but I am not clear on the whole controversy over bimetallism.) It would be straightforward to make the conversion voluntarily.
It will be a short future. The analyses I've seen peg their doom as being only a few years away at the present growth in electric power requirements to sustain the blockchain mining. Why don't you sit down and get your head around this problem, instead of jumping on your charger and prophesying victory?
It's trivial to make a crypto backed by a commodity. They already exist.
So, what happens if the data banks go down?