New research from BDC reveals that 9 out of 10 Canadians are looking to travel this year, despite economic concerns, with over half saying travel is central to their lives.
Appreciate the effort, but if your argument is that the government/civilization will be so tightly controlled and apocalyptic that Bitcoin will surely die, then I’ll go buy some more again. I’ll also take a stab in the dark and guess that you’re American, as usually it’s only Americans who speak in a way that makes it sound like they’re the only country in the world (“the government”? Of what?? Every single country at the same time?)
If you think civilisation is going to die, then Bitcoin is a much worse idea than hoarding food. Yes, you got me.
The $5 wrench argument is cute until you realize you can beat someone with a $5 wrench until they give you their credit card PIN, or gold stored in their house, or beanie baby collection, or…
Finally, my challenge which still has not been met, is to explain how Bitcoin works and then why it will fail. Care to try to be the first?
Or how about a mini challenge? Explain why countries who experience hyperinflation see massive inflows into Bitcoin? What’s going on there in your mind? Mass psychosis?
Edit: If you wish, I can make an xkcd-like comic that shows someone being beaten with a $5 wrench for their massive pile of food and emergency supplies. Uh oh.
Finally, my challenge which still has not been met, is to explain how Bitcoin works and then why it will fail. Care to try to be the first?
Bitcoin is a currency divided among wallets as described in the blockchain. The blockchain is a ledger file synchronized across all users. Bitcoin can fail when synchonization is lost, such as in the scenario I described where ISPs only allow encryption if it is authorized by specific organisations. Bitcoin can be sabotaged by hacking the software you use to transfer it. And bitcoin can be useless when people ostracize you the moment you mention having it.
Explain why countries who experience hyperinflation see massive inflows into Bitcoin? What’s going on there in your mind? Mass psychosis?
Because in those cases bitcoin is more stable, being supported by the global bitcoin economy which in turn is supported by liberal capitalism. I intend to destroy the latter and boycott the former.
Appreciate the effort, but if your argument is that the government/civilization will be so tightly controlled and apocalyptic that Bitcoin will surely die, then I’ll go buy some more again. I’ll also take a stab in the dark and guess that you’re American, as usually it’s only Americans who speak in a way that makes it sound like they’re the only country in the world (“the government”? Of what?? Every single country at the same time?)
If you think civilisation is going to die, then Bitcoin is a much worse idea than hoarding food. Yes, you got me.
The $5 wrench argument is cute until you realize you can beat someone with a $5 wrench until they give you their credit card PIN, or gold stored in their house, or beanie baby collection, or…
Finally, my challenge which still has not been met, is to explain how Bitcoin works and then why it will fail. Care to try to be the first?
Or how about a mini challenge? Explain why countries who experience hyperinflation see massive inflows into Bitcoin? What’s going on there in your mind? Mass psychosis?
Edit: If you wish, I can make an xkcd-like comic that shows someone being beaten with a $5 wrench for their massive pile of food and emergency supplies. Uh oh.
If you’re issuing challenges, then I have a challenge for you: How do you defeat the $5 wrench? I have given the answer, but can you comprehend it?
Of the person reading this sentence, obviously. In my case EU lawmakers are making moves to restrict encryption which would make Bitcoin non-secure.
Bitcoin is a currency divided among wallets as described in the blockchain. The blockchain is a ledger file synchronized across all users. Bitcoin can fail when synchonization is lost, such as in the scenario I described where ISPs only allow encryption if it is authorized by specific organisations. Bitcoin can be sabotaged by hacking the software you use to transfer it. And bitcoin can be useless when people ostracize you the moment you mention having it.
Because in those cases bitcoin is more stable, being supported by the global bitcoin economy which in turn is supported by liberal capitalism. I intend to destroy the latter and boycott the former.