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To: bagadonutz

Bitcoin is one EMP away from being worth zero....


13 posted on 08/30/2021 10:23:35 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: cgbg

That is what I get for commenting before reading all of the other comments. I can’t even claim it was simultaneous.


15 posted on 08/30/2021 10:32:19 AM PDT by webheart (I thought I was helping by getting vaccinated but they say I didn’t help at all. )
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To: cgbg

Those comments about EMPs and power outages causing loss of crypto wallets do not understand the fundamentals of the block chain. I have a hardware wallet for my crypto - but I don’t really need it to protect my investments. The value is in the trustless electronic ledgers all over the world. No single EMP attack will wipe out BTC. I hold the private key in my brain - a 24 word pass phrase no one else has (except my trusted family members). My crypto investments are many times more secure than physical assets. I do have some crypto tokens that can be exchanged real gold (held in a vault in London). This token is PAXG if you want to hold gold on the blockchain.


18 posted on 08/30/2021 10:35:27 AM PDT by bagadonutz (knuckledragger)
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