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To: suasponte137

Anyway, the whole point of bitcoin is not to walk around and spend it like it’s a debit card. If the power goes out, and it’s the end of the world as we know it, it’s there to rebuild your life when the power comes back on. Also it’s doubtful that the power goes off in the entire world at one time. So you arrive in Argentina, or wherever, and walk into a bank and use your bitcoin. You don’t even need any card, if you memorize the key, you can leave the country with all your bitcoin without any physical thing they can search for and find.


45 posted on 03/11/2024 3:11:30 PM PDT by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2024... RETURN OF THE JEDI. )
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To: DesertRhino

I know I’m very familiar with bitcoin. The comments I made were in jest.

My biggest gripe with it, though is the fact that it’s so damn volatile. I know you talked about a use case of using it in Argentina or wherever you go and that’s true. But the problem is on any given day you could be taking a 10% haircut on your buying power before you even get out of the bed in the morning for no reason whatsoever other than bitcoin just being bitcoin

Once it starts behaving like a normal currency, then I think people will be more likely to use it that way


46 posted on 03/11/2024 3:18:38 PM PDT by suasponte137
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