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why doesn't the federal government bail everybody out using cryptocurrencies instead of $?

 
Anonymous Coward
User ID: 78617574
United States
07/14/2020 02:27 PM
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why doesn't the federal government bail everybody out using cryptocurrencies instead of $?
they could just mail a million bitcoins to everybody's account.
Anonymous Coward
User ID: 78978101
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07/14/2020 02:38 PM
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Re: why doesn't the federal government bail everybody out using cryptocurrencies instead of $?
Crypto currencies were sanctioned under Obama to enable child traffickers.
Anonymous Coward
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07/14/2020 02:40 PM
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Re: why doesn't the federal government bail everybody out using cryptocurrencies instead of $?
They’re going to bail us out with gold comrade. They’re just waiting for the right time. Should be any day now.
Anonymous Coward
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Canada
07/14/2020 03:06 PM
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Re: why doesn't the federal government bail everybody out using cryptocurrencies instead of $?
Bitcoin can’t just be generated out of nothing. It’s cryptographically protected in a way that is impossible for current computers to defeat.

It takes a massive amount of computing power to mine bitcoin efficiently. The government has little interest in making massive bitcoin farms, spending a shit ton on electricity bills, and then giving it all to you.

Making fiat currency, on the other hand, is as easy as pressing a button with the proper credentials.
Anonymous Coward
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07/14/2020 03:08 PM
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Re: why doesn't the federal government bail everybody out using cryptocurrencies instead of $?
Bitcoin is like gold, it is scarce and requires significant resources to ‘mine’.
jlee2027

User ID: 33981429
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07/14/2020 03:10 PM
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Re: why doesn't the federal government bail everybody out using cryptocurrencies instead of $?
Not Money, never will be. Only Gold and Silver are money.
Anonymous Coward
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07/14/2020 03:12 PM
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Re: why doesn't the federal government bail everybody out using cryptocurrencies instead of $?
Bitcoin is like gold, it is scarce and requires significant resources to ‘mine’.
 Quoting: Anonymous Coward 78961805


It's been 10 years and still not used by anyone.





GLP