Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by petre on Saturday March 11, 2017 @12:28AM
(#13844380)
In highly uncertain times, for example when civilization would be reverted back to the Middle Ages or a Fukushima/911 event, bitcoin would be of lesser use due to lack of an Internet connection. People need food and water in those circumstances, not bitcoin or Rolexes.
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Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by andy_ppp on Monday March 13, 2017 @08:07AM
(#13857022)
Yes because you're going to survive an event like that; the Fukushima and 911 references don't make sense because you clearly don't understand what I was talking about. I'm talking about being able to have a reserve that can be converted easily into something useful (fungible) so bitcoin in these events might not be useful but nor would gold or a Rolex. I'm just stating why I think Bitcoin price will continue to rise even though it's not a currency.