Billionaire Mike Novogratz says 10% of his money is in Bitcoin and Ether

Re:Billionaire Mike Novogratz says 10% of his money is in Bi... by chc on Friday April 21, 2017 @10:50AM (#14166067)

In the event of a societal collapse so great that no money is usable, it's pretty hard to imagine people caring about Bitcoin. There might not even be power in this weird Mad Max scenario. They'd probably want to barter for goods.

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Re:Billionaire Mike Novogratz says 10% of his money is in Bi... by srssays on Friday April 21, 2017 @12:34PM (#14167052)

Societal collapse doesn't have to mean going back to the stone age, it could mean e.g. the Iranian revolution. Or for a contemporary example: the Syrian civil war.

Even Spain was a dictatorship until 1975. Everybody should consider the possibility that their society will collapse, even if they choose to do nothing about it.

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Re:Billionaire Mike Novogratz says 10% of his money is in Bi... by chc on Friday April 21, 2017 @01:29PM (#14167498)

My point is that there are a lot of things that seem like they'd be better to have in case of societal collapse than an Internet currency with no intrinsic value that you'd have to educate most of your (possibly former) compatriots about just to have a chance of them letting you use it.

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