mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
john,
i'm not sure if you understand the world, you said if an x-flare hits us "Bitcoin and everything else is toast"
so you won't have to worry, because you will be toast
No, people won't be toast. Just computers, electronics and the electrical grid.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
obviously, if something of that extreme hits us, bullets and food would be more valuable and safely will be more important
the last thing on your mind will be money
No. As I pointed out already. Bartering will be the primary means of currency as well as gold since all computers are now gone. This means fiat currency as well as cryptocurrency is gone. Salt, water, first-aid supplies, food, etc. All will have a value as a form of currency.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
on top of that, gold isnt even useful in that event, you can't divide gold, you can't even tell if it's real or not
There are ways to tell if gold is real or not. I'm not a gold expert, but I do know that it's soft and can scratch very easily. I also think an acid can be used to test it as well. Gold was used in ancient times. Why wouldn't an event that causes mankind to go back to the stone age not use a tried and true source of tangible currency? You can divide gold with gold dust, coins, ignits, etc. It's also very easy to melt down.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
gold is old money, all the gold bugs don't seem to understand that in the world we progress up, and not down
"Progressing up" doesn't come with its inherit drawbacks. On one hand it has its benefits, but on the other hand people lose skills that were long taught long ago and the masses then depend on technology. A perfect example is the simple means by which people get their food. Where do you get your food? From a grocery store. No more does mankind have to go out and hunt for it or fish for it. Another example is clean drinking water. Where does that come from? By the magic faucet in your kitchen. But no one seems to appreciate how it gets there and that is done through electricity-powered pumps. When a SHTF scenario does happen, people are going to die because they "progressed" so much that they forgot their know how on how to survive. And mother nature WILL weed out the weak.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
bitcoin completely destroys gold in every aspect
In every respect?! I'm afraid not. It's good to diversify, but hedging your cash flow solely on an invisible cryptocurrency or fiat currency for that matter is not a very sound financial decision. When God decides to press the big fat reset button, currency that we know in the here and now will be wiped out. And good riddance for that.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
so just because of a possible x-flare situation, we should stop?
No. But I can already see the massive cluster that comes with depending on computers and the Internet for a currency. A state sponsor of cyber terrorism for one, acts of God, etc. But like I said, it's good to diversify and have a tangible backup.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
bitcoin has progressed immensely since this thread was started, and im not talking about the price,
Isn't the cryptocurrency Bitcoin design to max out at some point?
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
i'm talking about adaption,
So am I. In the sense that one should not trust one currency and think it's all lollipops and cotton candy. In reality it's no different than a fiat currency we use now in that servers are used to push the money around the world. Well, for the most part. Did you know that Visa has some of the most harden servers in the world? Why would you have to do such a thing I wonder?
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
coinbase has been implementing debt cards and visa cards,
Good for them. That extends their bottom dollar and fees the the merchant every time you swipe the card. I wonder if they have stock? And a quick Google search reveals they are a privately owned company. If they create an IPO I'll buy shares myself due to all the sheep. Then I'll buy AU.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
this is a huge kick in the face for traditional banking, it's about time they faced competition
Yeah, I'm not a fan of banks. Hated them ever since I had my first bank account and I've had several over the years.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
we'd still be living in a world controlled by
religion or
banking
I could write an essay on both subjects. But I'll type out just two points on this.
1) Modern banking has built America or any other modern country in more ways than I can't count on all four fingers plus my thumb.
2) As to this religious crap. Better look up the Jesuits and learn what they have did in the name of science, mathematics, art, invention and astronomy.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
on top of everything, bitcoin is going to destroy the housing market,
I hope not! the housing market in the U.S alone makes up about 15% of the GDP.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
the only reason housing is so expensive is because people around the world use homes as an investment,
Home ownership in of its self is an investment. That's the truth. In fact, it's really a persons primary investment in their lives. The second being an owner of a car. With a house you can borrow against it as well. Yes, there are investment properties, but by in large home ownership is for a family dwelling of residency. You know, a place to stay warm, a shelter, etc.

Now if you want to talk about the madness with communist HOAs (Home Owners Association) I'm all ears.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
why would anyone in the upcoming future buy real estate any more, when they can buy bitcoin instead?
So you can walk around San Fran with a smartphone full of bitcoin and no shelter? I don't get your statement.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
real estate is a terrible investment and it's a huge ponzi scheme used by the bankers who eventually crash the market, buy back the foreclosed homes, and sell them back to the very same people they stole it from
Real estate can be a terrible investment or it can be a real great one. Like the stock market you pick the winners and ditch the losers. The great thing about real estate is that by in large property values go up. So when it comes time to sell you'll have a return on your investment. 15 years ago this house cost 177K. Now it's worth over 250k.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
huge ponzi scheme!
I beg to differ. If it was then the government would get involved, etc. By in large it's not unless you are suckered by a bank or take on a home loan you can't pay. Which is why the GSEs in the U.S. went South back in '08. They needed regulation like the stock market has SEC.
mr_jon wrote: ↑Thu Dec 12, 2019 3:37 am
the future is computers, the future is mathematics, the future is digital
the future is bitcoin
We have no fate but what we make...
Rest easy Mr. Myopic. In all due respect. We will all be based on 5,000 sooner or latter once again...