Show of Hands

Isn't that how the idea of money was created anyway? Make up a currency so you can work for it to trade goods and services with it?

Yes, but is there a workplace that pays in Bitcoin? Can I go to Walmart and pay with Bitcoin? It's an invented currency with the intention of making the creator rich with actual money.

I've got some money in the alt coins to bitcoin, but I wanted to see what the popularity of it was and what others thought of it.

You know ylu can exchange bitcoin right?

Okay, what happens when a solar flare knocks out the power grid, or if an earthquake shuts down your internet? How are you going to survive when you invested your money into digital currency?

Bitcoin is a freakin scam. I think I'll invent a currency, but the only way to get any of it is to give me lots of your money, and then I'll give you one of my Bitcoins, because my invented currency is arbitrarily more valuable. It's a scam made up to make somebody a lot of real money

Is would require a complete shutdown of global electricity. If thst happens bitcoin is the least of our worries. I dont use it btw

No, no. I didn't mean a global shutdown of the internet. That would be bad for everyone, although gold and silver would still be the better option. I meant if there was a statewide shutdown. Like, where I live, if there were an earthquake, we'd all be trapped here for 3 to 16 months with no food, water, or electricity. Prepping is a pretty big deal here, you're considered an outsider if you don't can food, have a garden, and raise personal livestock.

So I was just curious what you would do if you had invested a lot into a nonphysical currency. I guess it's kinda moot since you don't invest in Bitcoin, though.

I dont have the kind of money to invest in bitcoin xD. Currently 1 bitcoin is worth around 6 grand. Even if there was a statewide shutdown it would still be saved on a global network.