Posted on 02/15/2021 10:07:36 AM PST by amorphous
What a flaming disaster that would be. I sat in a presentation 10 feet from the head of the European Bank in 1991 as he explained the challenges to banking systems, retailers, etc. when switching from a relatively few country's currencies to the new Euro. Very complex. So many interlocking pieces.
Was the "Wright Flyer" suited for transoceanic flight? Sure, there are scalability problems. Much owing to the success. Much has been solved. Much more work needs to be done.
I can’t get my head around an ethereal valued currency. I have enough problems with the fiat dollar - which at least is loosely associated with petroleum.
I’m just waiting for the big government regulations to come down and link or otherwise define how the value will be set compared to the government currency. Government isn’t going to let go of their control of setting currencies worth... just a matter of time.
Yes, and it took about 30 to 40 years for before planes came into widespread use.
LOl! As long has there has been innovation, there have been naysayers...no doubt whoever invented the wheel had to deal with them too. :)
They dont all determine liquidity. I can tell you have never done any real world trading on a big scale. Bitcoin is a novelty, a toy.
LOL! All that massive new coin printing/supply, a super fiat currency.
Lol! Of all the many times in history someone has used those very words, most times, they've been proven very wrong.
“so much so, that thousands of dollars of electricity “
Poof ......don’t trust it for that reason.
What’s the back up?
why are you refusing to answer legitimate questions???...
If the electricity goes out, civilization will have far more to worry about than bitcoin.
Read, *One Second After*, by William R. Forstchen
again i ask you...
why are you refusing to answer legitimate questions???...
I’ve missed a lot of investments in my life because I didn’t understand them. Some of them would have cost me money, and some cost me money by missing out. But I’m still reluctant to invest in something that I can’t see a (legal) justification for owning.
You can’t pay your taxes with bitcoin, and you never will be able to. So that is one area where there will always be some demand for dollars. I can’t think of anything comparable to justify bitcoin, again other than just hiding transactions from the government.
The local forest rats, deer, LOVE tulips.
How would the government know you have any?
You are actually quite wrong, boomer. When you purchase a digital asset, you are taking partial ownership in the network. The BTC network is the largest, most secure network in the world. If you own some BTC, you are a partial owner of the network. It’s also hack proof, decentralized, immutable, and deflationary. We have networks for dollars. Networks for Euros. The non transparent fiat network that shows your balance every morning doesn’t prove to me there is never a double spend are unfair account balance “mistake”. When you participate in the ownership of Bitcoin, you own a portion of a trustless, immutable, open and transparent value system that can’t be changed and the supply is capped. Keep believing just because something doesn’t rest in your hand that there is no value or it doesn’t exist. Let’s not even go into Cryptocurrencies like Ethereum, the largest “Computer” in the world. As all the experts in this thread talk about how crypto is similar to Tulip mania, many of us see the writing on the wall. And that writing isn’t gold derivatives pulled out of thin air.
VPN
Until the lights go out.
If you set up a Ledger Drive or Ledger Nana and store it electronically it is doubtful if the government would trade small amounts of crypto. I just mine and auto deposit each Ethereum coin into my coinbase wallet. I own a dozen or so crypto currencies. I put $500 into one coin about three weeks ago and it has already hit $3500 in value. Of course crypto is continuously up and down.
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