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RE: The Planned Collapse Of The Economy Has Begun
No it won't, as history teaches us, that ALL fiat currency will fail and crypto-currency is a step in the wrong direction. You want to go from fiat paper money to vaporware, no power no money, but gold and silver is what our currency must go back to it. Do you know that bitcoin was hacked right? The haul was $170,000 usd, so mush for un-hackable
Did you know The Constitution says The Government must COIN money, it says nothing about printing or electronic currencies. So, we would need to amend The Constitution for anything but precious metals in coins
If you are thinking about government's coining money constitutionally... you might be missing the point of bitcoin.
the government know its future so they are scared that they will lose their control on the wealth of the people which will do zero value to their rules & regulation.
When was bitcoin hacked? Unless you are talking about a bitcoin exchange the only "hack" I know of is back in 2009 if I remember correctly...
Plug "stolen bit coin" into your favorite search engine. You are in for a big shock.
I'm sorry if I'm being presumptuous but I think you don't totally understand how bitcoin works. The only way for someone to steal my bitcoins is if they get my "private key." As long as I keep my private key safe, my bitcoins are safe. Many people put their bitcoins on a cryptocurrency exchange so that they can trade their bitcoins. When you do this, the exchange has the private key to your bitcoin. If someone hacks the exchange, they can steal the private keys and thus the bitcoin. This is not a flaw with bitcoin any more than bank robberies are are a flaw with the USD. In both cases it was the exchange or bank's fault. If someone stole my bitcoins without my private key, that would be "hacking" bitcoin. The thefts you are referring to are, I assume, when someone hacks an exchange.
Hope this helps!
For what it's worth, I am a huge fan of precious metals as well! :)
forget the word hacked and try to listen to the point
Is your point that it can be stolen if you don't protect it? Because that goes for any asset.. You will always have people who are careless and thieves who will take advantage of them. Try googleing credit card theft... much easier than stealing bitcoins.
you all are focused on the word "hacked" and completly ignore the whole point. which is about losing bitcoin. If you replace the word hack with stolen then you can't have a fit.
did any of you people down voting me try my suggestion or are you afraid of the truth
There is a guy who doesn't like dollorvigilante and he downvoted a lot of the comments on here. He downvoted me too with a bunch of his accounts... bummer