The line between incompetence and malice is blurry

Also more billionaires come out each week saying %1 btc

It's like ignoring an infection rather pay to treat it

Don't sleep on that it's for a reason they say this pubically

Btc has probs too gihan owns majority of miners

I'd say it depends on what you do during the delay honestly

Can do 51% attack

Now

Every system has flaws.

It'd be kind of nice to build up a proper little community before the storm hits

@Beemann yah. I just get into shit talking about this

Making another crypto?

So Im sorry Im being cunty

Or stop reliance on it

Didn't mean to

S'all good

Easy to get frustrated with the way things are going. I don't take the pessimism personally

Gingabomber we are fucked if govt makes crypto

That's Orwell dream state of facism

I mean my stance is crypto should be a commodity

Not a currency

To replace the current system

Crypto needs to stay decentralized I view as currency myself. I don't use USD only crypto

Imo cashless currency is a horrible idea

Sooner or later someone might discover how to trace it

And cashless means more govt controll

IMO fiat currency is trash

Yea

From a financial perspective, it's better to diversify your holdings.

I trade to usdt sometimes

Jesus it even reminds me of the bible

Any moment it can be shut down

But generally not usd

Don't go straight crypto.

A problem with cryto is that it is not real. Cut electricity and you no longer have access to your wealth.

A time comes where only people with the mark of the beast can trade

Shivangi it's hard to shut down crypto when it's decentralized around the world

Myy issue is thw govt can selectively cut you off from nessesities

It can be attacked but it is still a blockchain and immutebale

That's the same with anything you store in a bank, @Grenade123

the bank is worse

If we got EMP'd your assets would be what you have on hand really

Which is why now is the time to hoard gold :^)

Because anyone can shut down your access even with electricity.

@Grenade123 the servers run steem have diesel back up

Ginga you got it wrong, the government is flooding the market with nessesities so people have little reason to rebel

If an EMP falls, you've got bigger problems than getting your money from the bank.

complacency

@Graylan | gray00 what good does that do you if YOU don't have electricity

as long as there wifi and food on the table, most people wont stage a revolution

Privatization is supposted to stall that

Bread and circuses

EMP IS A SPOOK

And what good does gold do you?

I think you all are missing the whole point. The purpose of the economy is to distribute necessities.

Walmart doesn't accept gold

People like shinny things

everybody keep talking about how the EMP gonna ruin everything

And people like getting more necessities so people tend to look to build more stuff.

but EMP BOMBS DOESNT EXISTS

Government, private corporation is irrelevant.

its a side effect of nuclear explostion

Lmao I know rite missdanger

Its theoretical now

Then again wouldnt be wise to dismiss that on that statement alone

If emp happens 99% fiat gone too plus stocks bonds all trading globally

The idea would be to blast nuclear bomb miles in the sky

This compairsion is wack crypto has no debt

Fiat has debt

One is sustainable. The other isn't

If people are dropping EMPs we've got big \*\*\*\* happening.

Guess for yourself the order

And all this stuff starts looking irrelevant.

Yeah, if people are setting off nukes to trigger EMPs we're on route for Fallout to become reality

those people dropping emp on us would be retarded, we constantly have nuclear submarine at any given time to relatiate

@missdanger nukes are not the only thing that causes them. Solar mass ejections cause it too. Although the amount of waves we send out of all kinds of stuff for communication and shit helps protect against that.

So that's actually somewhat debatable. There's some new schools of economics that are debating the effects of debt.

we have them since the cold war

It doesn't strictly just pop.

It would have to be done by someone who gives no fucks

Grenande so what? All currency dies and society crumbles. It happens using our digital money as well as crypto

@Timcast James Gunn had apologized for the offensive tweets years ago

And no one uses cash today

Any time i hear EMP on consipracy forums and the news, i get mad, because i actually know enough about EMP to know they're talking out of their ass

China you won't find anyone who pay in cash

And Crypto has it's own issues. Bitcoin can only be divided into integer denominations. There's not enough bitcoins for even a few industries.

It's all digital

Oil has more money in it than the equivalent value of bitcoin.

That's their problem.

pratel, BTC can be divided into as little as one Satoshi, which is one one-millionth of a bitcoin

tell that to venazualla

having alot of oil doesnt mean much if you dont use it or can sell it

I refuse to go any further than a card tbh. This tap your phone shit seems like a disaster waiting to happen. Hell, RFID tech is already spoopy enough

If BTC stabilizes at 10000 USD = 1 BTC, then 1 Satoshi = 1 Cent

@Revan was unaware. Thanks.

@pratel ugh. Bitcoin has satoshis and it can be divided. The problem it faces is with fees. Steem has no fees as it's delegated proof of stake or also know as proof of brain because you mine crypto with your brain

So what? Well if things are so apocalyptic, money is the least of your concern. Doesn't matter if you have all your wealth if everyone around you lost everything and are raiding your house for your stuff.

Btc is legacy tech already compared to steem dpos

@missdanger agreed. I was trying to use it as an industry with alot of dollar value.

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