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Can I agree with him about everything with the exception of Bitcoin? It’s less illegitimate than central banking.

• shadowgovt 4y ago
  I'm not sure I understand your meaning; I don't think I know what definition of "illegitimate" you're operating with.
  • Gigachad 4y ago
    Bitcoin advocates are angry about the fact that central banks create and destroy money regularly to control the market. And usually that there is some big doomsday financial event coming up that only “hard money” like bitcoin can avoid.
    • jeroenhd 4y ago
      I always wonder how crypto doomsayers are going to pay the power bills keeping their network alive once the financial doomsday finally arrives. If everything goes tits up as badly as they say, I wouldn't rely on digital currencies to still be viable, especially with the incredible energy and hardware costs associated with proof of work blockchains. Blockchain may be a good way to hide money (i.e. in a country with runaway inflation where the government has constrained access to banking and foreign currencies) but if the crash is global then nobody is safe.
      • ethanbond 4y ago
        You just put your InternetCoins on a thumb drive, label it with the amount (and the most recent known conversion rate) and then you try to pawn it off at the apocalypse general store by just saying “trust me as soon as the internet starts working again you’ll be super rich.”
        • shadowgovt 4y ago
          Jokes on them, because I'm saving bottlecaps. They're far more fungible in the apocalypse, because the algorithm is simple: - I have something - Someone gives me bottlecaps for it - I give someone else bottlecaps for something they have that I want. I mean, how will someone dilute my store of value? Turn on one of the ancient, rusted bottling plants? Please. Never going to happen; the scavs have already ripped all the important parts out of the machinery.