[Errant]

Some good points as the author, a gold bug and prepper, raises a number of issues that one should consideration. I think he missed the biggest issue of this new technology being a game changer in the financial world, similar to the way the horseless carriage changed transportation; if the world holds together of course.

[Errant]

Click to be Added / Removed.

[MrB]

Could BC possibly be taken over by some government entity?
Could that entity then say “no one can buy or sell unless they us BC”?
And, by the way, you need this RFID in order to make any transactions...

[Vermont Lt]

But this guy indicates that the bitcoin advocates he know have no preps, no gold, and no guns.

On the contrary, I’ve met no bitcoin advocate who hasn’t espoused ALL of those things before talking Bitcoin.

I guess we run in different crowds.

[PoloSec]

Good Read:

It has the effect of making one stop and think, however it could be, maybe, perhaps in 5 years this guy will be spending Bitcoin like it’s going out of style.

I remember in the early 90’s when I started on the internet, I went all in, I was trading stocks and options, was banking online, applying for real estate loans, and buying all kinds of stuff online.

The vast majority of people I knew, thought I was crazy stupid for taking such a risk...well we all know how that turned out, everybody’s doing it, all things considered the risk is very limited, in all these years I’ve yet to have a negative online financial, transactional experience.

It takes vision to stay ahead of this new world order, and vision requires risk to beat whatever is coming, my regret is I didn’t hear about bitcoin sooner before I lost everything to the very economic institutions that this guy considers safe and legitimate.

I know one thing that works in every market and bitcoin is no exception...Buy Low...Sell High!