News for hackers. Stuff that matters.

A comment on Paper Money Diehards Refuse to Fold. Parent comment

Re:Paper Money Diehards Refuse to Fold by Aerbil313 on Monday May 29, 2023 @08:02PM (#36119606)
Digital money is clearly a downgrade. In the yet ole times, all money (precious metal coins) was decentralized, anonymous and untraceable! It even worked in all world without any exchanges! /Poe

(Poe’s law, take it as you want.)

[ Parent | on HN ]
Re:Paper Money Diehards Refuse to Fold by faeriechangling on Monday May 29, 2023 @11:04PM (#36120703)
You kid, but that's a serious attack against crypto, which is that the value is dependant on the existence of a sizeable network with diverse functions.

Whereas gold in the ground is shiny rocks in the ground. You can say, wait out a tax on gold by burying your gold.

[ Parent | on HN ]
Re:Paper Money Diehards Refuse to Fold by Aerbil313 on Tuesday May 30, 2023 @08:33AM (#36124054)
Right. No crypto or your money in banks will work once that EMP from (virtually) inevitable nuclear war, Carrington event, societal collapse etc. hits.

Hint: We’re globally headed to The Collapse (with capital C) now. See climate change, resource scarcity, water depletion, or just ecological overshoot.

[ Parent | on HN ]