Quote:
Originally Posted by samcohen
Happy to defend bitcoin to the end!
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OK , I'll bite.
explain how, when if/your dystopia of choice comes to pass, the world will still have a functioning internet, endless electricity for the bit mines, and enough rare metals to keep making the devices we use to trade and shop on ( and the batteries they run on)
its about as plausible as all those mad max dystopia that somehow never run out of petrol, motorcycle parts, tyres, welding gear.....
without all that 21st century infrastructure, a bitcoin stash is just a worthless emergency recovery pass phrase on a piece of paper, or some 0s and 1s on a very lonely flash drive in a safe somewhere
I am consistently wrong with my predictions of where BC is headed next, so there's no way I would speculate large; more importantly I have huge concerns over wasting enough electricity to run a medium sized country on mining and on validating block chain additions.
politically, I just don't see other world governments buying into a universal money system that only works so long as a few shady Chinese mining corps, are the "essential workers "without which it all collapses