Anonymous Coward User ID: 78617574 United States 07/14/2020 02:27 PM Report Abusive Post Report Copyright Violation | 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 United States 07/14/2020 02:38 PM Report Abusive Post Report Copyright Violation | 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 User ID: 78343617 United States 07/14/2020 02:40 PM Report Abusive Post Report Copyright Violation | 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 User ID: 78961805 Canada 07/14/2020 03:06 PM Report Abusive Post Report Copyright Violation | 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 User ID: 78961805 Canada 07/14/2020 03:08 PM Report Abusive Post Report Copyright Violation | 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 United States 07/14/2020 03:10 PM Report Abusive Post Report Copyright Violation | 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 User ID: 78978101 United States 07/14/2020 03:12 PM Report Abusive Post Report Copyright Violation | 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. |