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Merged Bitcoin - Part 3

Dr. Keith said:
Reminds a bit of relying on GPS if the **** really does hit the fan. Paper maps may not be as up to date, but they have a reliability factor that is hard to beat.
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Somebody else who hasn't read the responses to the "high energy" claim. Have you got these posters on ignore?
 
Chanakya said:
But surely that is precisely because Bitcoin hasn't really taken off so far --- at least not as currency per se (although it kind of has, as investment, or at least as super-volatile investment aka speculation)?

Had people actually started using Bitcoin as currency, then absolutely, Russia could indeed have taken advantage of it. And if people do adopt it as currency in future, then in future imposing sanctions will become that much more difficult, maybe even impossible.

Which is kind of the whole point of cryptos, isn't it? Not let the government get on your case. Not when it's seen as intrusive and undesirable; but also not when it's seen as necessary and/or desirable. I don't think it's even possible to make a government-free currency that's government-free only when "we" want it, and otherwise not, not even in theory.

So, I mean, this can be seen as an argument against cryptos, or it can be seen as an argument in favor of them, depending on who/where you are, and also how you see this whole business of government control.
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How would it stop sanctions?

You may have the bitcoins to pay for something but you still have to get the something delivered.
 
psionl0 said:
Somebody else who hasn't read the responses to the "high energy" claim. Have you got these posters on ignore?
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Reliable near instant worldwide communication seems somewhat important to the blockchain, iirc. I don’t rely on gps or credit cards when I get more than a few miles off the beaten path in parts of rural USA. I can’t imagine such systems being relied on when things go south.
 
Dr. Keith said:
Reliable near instant worldwide communication seems somewhat important to the blockchain, iirc. I don’t rely on gps or credit cards when I get more than a few miles off the beaten path in parts of rural USA. I can’t imagine such systems being relied on when things go south.
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You responded to a post about high tech and energy consumption. This is just a goal post shift.

BTW in a zombie apocalypse, your federal reserve notes will be worth less than toilet paper.
 
psionl0 said:
You responded to a post about high tech and energy consumption. This is just a goal post shift.

BTW in a zombie apocalypse, your federal reserve notes will be worth less than toilet paper.
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I don’t think your following, so I’ll let you be.
 
Captain_Swoop said:
How would it stop sanctions?

You may have the bitcoins to pay for something but you still have to get the something delivered.
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You're right, I guess I hadn't thought it through fully before posting that. Full-on sanctions, and a country of Russia's size, absolutely, fiddling with just one side of the equation will have limited effect on the overall situation.

Still, I guess, something like Afghanistan? General speaking, getting around government coming down hard --- or coming down at all --- on people (whether individuals or other governments), that's specifically what cryptos are about (to begin with anyway, nowadays you get all kinds of cryptos, including those linked with fiat), so that to the extent they take off, to that extent they'll make government control difficult --- for better or for worse.
 
psionl0 said:
You responded to a post about high tech and energy consumption. This is just a goal post shift.

BTW in a zombie apocalypse, your federal reserve notes will be worth less than toilet paper.
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They will still have a use then.
 
Cryptos are at a crossroads.
Black gold and yellow gold to the moon.
Digital gold collapsing.
Bitcoin is one of 11000 cryptos
Yellow gold is one of 104 elements on the periodic table.

Which is more precious?
 
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psionl0 said:
When a post about high energy consumption is not a post about high energy consumption then I get confused.
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You responded to a post about GPS with something about high energy claims...you seem to be confused.

Here is the post in question...
 
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Bitcoin looks to 1300 on the charts.
Will Michael Saylor tough it out?
Winkelvoss twins won't care.
 
Dr. Keith said:
There are words in that sentence that you didn’t highlight. They mean things, too.
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I actually addressed the "hi-tech" aspect in another post.

I might add that if we are not talking about a total zombie apocalypse then the internet is a lot more resilient than you are giving it credit for. Access to computers would be more of a problem than whether computers can be used to transfer cryptos.
 
Because I have been reading a lot about crypto lately, Bitcoin Gurus now appear in my twitter feed. Their image analysis seems to be very similar that of the Bigfoot people, 9/11 building collapse analysts and Jack White looking at Apollo or JFK photos.

FOi4iyZWUA0VAcF


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