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So let's say you own some cryptocurrency and/or it moves to be a global currency.

It's on a computer.. either your computer, a usb, back up drive, cloud, etc...

What happens when it crashes? Clouds crash as we know as well as all other types of electronic media.

Or heaven forbid, in a war (and there are wars) someone lights off an EMP.

What happens?
Bingo, or some hacking group decides to clean out your `secure` digital wallet. Better yet, the folks that run the platform you are storing and trading your cc on decide they want to help themselves to your coins and move to Brazil.

https://www.cbc.ca/news/business/osc-quadriga-gerald-cotten-1.5607990
https://www.vanityfair.com/news/2019/11/the-strange-tale-of-quadriga-gerald-cotten

Another thing, regarding this ``reset`` people of speak of. I believe there will be a time of great turbulence and chaos before that could happen. Does that mean your cc will be safe and available during the transition? I doubt it very much.

No thanks. I`ll take my stash of silver coins, ammo, honey, salt, booze etc. and store it somewhere safe. The only thing I'll be storing on a external drive are the terra bytes of manuals and books on useful topics I have gathered over the years.

Godspeed.
 

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Bingo, or some hacking group decides to clean out your `secure` digital wallet. Better yet, the folks that run the platform you are storing and trading your cc on decide they want to help themselves to your coins and move to Brazil.

https://www.cbc.ca/news/business/osc-quadriga-gerald-cotten-1.5607990
https://www.vanityfair.com/news/2019/11/the-strange-tale-of-quadriga-gerald-cotten

Another thing, regarding this ``reset`` people of speak of. I believe there will be a time of great turbulence and chaos before that could happen. Does that mean your cc will be safe and available during the transition? I doubt it very much.

No thanks. I`ll take my stash of silver coins, ammo, honey, salt, booze etc. and store it somewhere safe. The only thing I'll be storing on a external drive are the terra bytes of manuals and books on useful topics I have gathered over the years.

Godspeed.
Completely agree.

Only one problem with what you said.

I have a hard time storing booze.

Keeps disappearing. ;)
 

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Discussion Starter #25
Elvis, that's awesome, congrats.

What little I've read about Bitcom is that many governments don't like it because criminals use it to launder their money...I'd be concerned about what would happen in the event of an EMP scenario.
Actually there is a crypto-coin called XRP which a lot of banks including US banks use to make international transfers. It reduces transfer costs and is more secure.
 

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But that's what the Great Reset is about, digital currency among other things. They don't like what you say or do, they shut off access to your funds until you comply.
Well actually governments and government policies can't control a crypto-currency without shutting the internet totally down. Most crypto-coins are regulated by 1000's of independently owned computers around the world in lots of countries.
 

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Actually there is a crypto-coin called XRP which a lot of banks including US banks use to make international transfers. It reduces transfer costs and is more secure.
These two links might interest you...

https://dailyhodl.com/2020/09/27/wo...evant-in-central-bank-digital-currency-space/

The World Economic Forum (WEF) is looking at Ripple's native currency, XRP, as the most relevant cryptocurrency in the emerging central bank digital currency (CBDC) space. In a report published early this year, the WEF says that central banks and government agencies are looking at the potential of CBDCs to solve perennial global financial ...

and

https://techcrunch.com/2020/12/23/r...y-crashes-following-announcement-of-sec-suit/

The value of one of the world's most valuable cryptocurrencies is crashing and a recently filed SEC complaint is at the root of the free fall. According to CoinMarketCap, the XRP token's value has...
 

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No crypto currency for me. Gold and silver only.
 
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Discussion Starter #32
These two links might interest you...

https://dailyhodl.com/2020/09/27/wo...evant-in-central-bank-digital-currency-space/

The World Economic Forum (WEF) is looking at Ripple's native currency, XRP, as the most relevant cryptocurrency in the emerging central bank digital currency (CBDC) space. In a report published early this year, the WEF says that central banks and government agencies are looking at the potential of CBDCs to solve perennial global financial ...

and

https://techcrunch.com/2020/12/23/r...y-crashes-following-announcement-of-sec-suit/

The value of one of the world's most valuable cryptocurrencies is crashing and a recently filed SEC complaint is at the root of the free fall. According to CoinMarketCap, the XRP token's value has...
Yea, I saw that investigation and immediately sold all of my XRP in late December. Ended up losing $28 but I only had 780 coins. I don't see where the SEC has a legitimate case.
 

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Current news related to crypto made me invest in it. Hopefully, it's gonna be worth it.
After all, the market is still growing
 

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Current news related to crypto made me invest in it. Hopefully, it's gonna be worth it.
After all, the market is still growing
Hi Tooky. Welcome, welcome!! We like to welcome new people over here, if you'd like to introduce yourself. :tango_face_smile:
 
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