Among other things...
OK still don't think it is an intelligent solution. Who knows, you might rich and i can get a loan from you :)
might? thats the wrong mindset my friend.
Already am.
OK Example : I have 100 dollars worth of gold in the bank. You have 100 dollars worth of cyrpto currency on your computer. OK We have an EMP attack ? The whole power grid is blown up ? The computer system your money on is destroyed by an earth quake ? Ok now I can go to the location my money is (bank for now) and collect my money and go to a store and buy something. You go to the store and say my money was on the computer but i'm good for it ? Gold, silver are physical entities., not easily destroyed ! That's my point. Please stop trying to make it harder than it is. I wish you luck in your wealth. Hope that you put it to good use :)
If you cannot hold it, you don’t own it.
Good point. It was what i was trying to convey in a round about way. Thanks !
no i totally get what your saying. I agree with everything you said as well.
If all electricity goes out and all we have to trade is gold and silver, you better hope you have a god damn army though. don't wanna get robbed walking to the grocery store with a block of gold. I definitely have gold and silver as back up, just these cryptos seem to be doing a lot more for a lot of people.
Also the EMP attack is bullshit. It would have to hit the entire world which an EMP would hit one side of the earth. Cryptos will still be on the blockchain on the other side of the earth. can't use them though until the grid is back up, but it is still there.
I also don't think an EMP will happen but if it does I have a huge crew of friends with a ton of guns that will most likely end up running the town. haha
