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RE: Digital money can be wiped out with the push of a key. Fools.

in #steemit8 years ago

Been in this bullshit for more than 15 years. I kind of know what I am talking about.

Crypocurrencies are a joke. Just look at what happened to Delta yesterday. http://www.bbc.com/news/world-us-canada-37007908

Even if your local store took them, you are not going to be any better off than the EBT recipients in an emergency situation. Appreciate your reply, but I will never get caught believing in them, better off holding heirloom seeds. . . .

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I mean, I'm not making any claims that they're foolproof, but they're at least far more resistant to inflation given their decentralized nature and the high threshold for hacking a blockchain to generate currency. What I think, for what little my two cents are worth, is people are projecting unrealistic expectations of security and privacy on this technology. Hell, I did too until I started to learn more about it.