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DislikedJust a thought (as a long time owner of Bitcoin, not a trader), what if the internet went down? The power? The connection? The lot? With the current Covid-19 drama, a lot depends on the online world. I keep my Bitcoin in two separate wallets offline. But what would that be worth if it all falls down? I guess the same could be said for normal ATMs, online banking and... good golly... forex trading! Thoughts???Ignored
Disliked{quote} Bitcoin is not dangerous because internet may crash for good. It's because bitcoin fundamentals such as - +50% attack, - limited supply (can actually widen recessions like hell), - and its impracticality because of the lack of scaling, - and also insane volatility caused by the lack of reglementation. Those will dramatically slow velocity and stop general acceptance which are crucial for a currency. Forget decentralization, it's a joke anyway, considering the huge mining pools I mean. They can fck up the protocol any time they choose. So...Ignored
Disliked{quote} Thanks for your reply. I don't think Bitcoin is dangerous, I never did. As for not being money... it is money... we use it here in Japan. But as for my original question about the worry of the internet just collapsing or something, thanks for your opinionIgnored
Disliked{quote} Errr, excuse me, how much do you pay for a coffee in bitcoin in Japan ? How much is transaction fee, and how much is coffee ? Are you aware that bitcoin transactions fees and costs are promotional nowadays, here and there, just to make crypto popular to the crypto momoz ? I paid $5 fee for a $2 coffee in EU. This is sort of a promotional low price. Are you aware that a single fkn bitcoin transaction costs the equivalent of the power consumption of an average US hosehold over 25 days ? That's why bitcoin is not money and it never will, ...but...Ignored
Disliked{quote} I'm sorry you seem upset. I'm sorry you seem mad. I'm not quite sure what you mean by "you people", but it doesn't sound nice. I have Yen cash in a bank account, I have New Zealand dollar's in another back account, and I have Bitcoin in two separate cold wallets. It's all currency and I buy things I want or need with all three of them. SimpleIgnored
DislikedThey should panic!! ... Uncle Tudor is crazy buying HIGH ?!? ... Nooo, he's not crazy, he is just loading up for the next bitcoin fire sell ! ...big profits coming soon ! {image}Ignored