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"The excitement is that, Donald Trump doesnt have control over Bitcoin. China doesnt have control over bitcoin. No government does. People with computers have c
by zrobotics 8y ago
"The excitement is that, Donald Trump doesnt have control over Bitcoin. China doesnt have control over bitcoin. No government does. People with computers have control over it. There are 21,000,000 Bitcoin ever ever ever. No amount of awful government can change that."
What I don't understand is how you think your are insulated with bitcoin. If Trump does something so catastrophically stupid that USD is worthless, what will be the effects on the worldwide economy? How will bitcoin insulate you from something like the 07 recession, it won't make finding a job easier. At least the gold peppers can claim there is some value left in gold in a hypothetical nuclear post apocalypse, BTC instantly becomes worthless without widespread internet access. Without network access, what value is in a blockchain?
- ric2b 8y ago> How will bitcoin insulate you from something like the 07 recession, it won't make finding a job easier. Obviously you're not 100% protected, but you're more protected from anything that doesn't affect the entire world. Or do you think that holding dollars exposes you to an Amazon bankruptcy just as much as holding Amazon gift cards? > BTC instantly becomes worthless without widespread internet access. Without network access, what value is in a blockchain? Have you looked around at the world you live in? If network access ceases to exist the entire economy will collapse, I don't think Bitcoin is your biggest worry there.