Re:Bitcoin price crash forces miners off network
by kylebenzle on Monday March 16, 2020 @05:29PM
(#22598089)
You don't see the value proposition of peer-to-peer digital cash, cool.
Re:Bitcoin price crash forces miners off network
by foepys on Monday March 16, 2020 @05:55PM
(#22598411)
Bitcoin needs a highly reliable network to work properly. Without block propagation, you cannot do anything with it.
Thinking that there would be a network when even the slightest disruption to civilization happens is simply naïve. The internet would probably be the first thing to go. Even before electric cars.
Re:Bitcoin price crash forces miners off network
by blaser-waffle on Tuesday March 17, 2020 @10:26AM
(#22605079)
Bingo. Gold is pretty straightforward -- shiny metal. You don't need any understanding of cryptography, networking, distributed services, or modulus calculus to "get" gold.
You also don't need electricity (or most other modern luxury) to modify, trade, or use gold -- plenty of gold changing hands throughout the ages.
Cryptographic currencies have their use, but if the economy is looking shaky I'd rather have cash, gold, silver, cans of beans, or ammunition; BTC wouldn't even rank top 25.
Re:Bitcoin price crash forces miners off network
by leetcrew on Monday March 16, 2020 @05:40PM
(#22598217)
a service like paypal would not have helped in a (dramatic) example like the hypothetical jew in nazi germany. the nazis would have given paypal a list of known jews and told them to freeze their accounts if they wanted to continue doing business in germany.
Re:Bitcoin price crash forces miners off network
by abduhl on Monday March 16, 2020 @05:44PM
(#22598261)
Oh come on man, you think that Germany directing a foreign country to freeze assets during the lead in to a war is a more likely way for a Jew in Nazi Germany to lose their hidden savings as compared to them trying to smuggle a USB wallet as they get stripped of all their belongings, clothes, and dignity and loaded on a train? Are they gonna hide it in their butthole and hope they don't have to take a dump until they get out of the concentration camp 7 years later and can finally get around to a computer so they can plug it in and access their bitcoins?
Get the fuck out of here.
Re:Bitcoin price crash forces miners off network
by darkteflon on Monday March 16, 2020 @06:17PM
(#22598676)
You don’t need a physical token. All you need is the seed, which you can store in your head. Educate yourself.
Re:Bitcoin price crash forces miners off network
by baddox on Monday March 16, 2020 @05:53PM
(#22598384)
I mean, it's no secret that foreign banks absolutely did help Nazi Germany in many ways, including transacting assets seized from Jews in Germany. We also have no shortage of stories about large transaction companies like PayPal closing or freezing people's accounts due to unspecified (but apparently political) reasons.
I wouldn't say "GTFO" quite yet. Not without some more explanation for why you think it's so improbable.
Once you start getting into the tens of thousands of USD, you can afford to obtain bank accounts outside of the country tied to a business. These are widely available and there's an entire cottage industry of lawyers who can provide everything you need.