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Global M2 and Bitcoin
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piperfarmer
Posted 12/22/2024 09:12 (#11021063 - in reply to #11020474)
Subject: My opinion here (and I didn't make this clear)


southeast nebraska
junk fun - 12/21/2024 18:20

piperfarmer - 12/21/2024 15:37
Yes, that is true, but if it gets to that point, not only is bittycoin a dead donkey, so are your bank accounts and credit cards as they are no "more secure" than bitcoin vs a Qcomputer...


Last I checked, if my bank account or credit card gets hacked, it's the banks problem, not mine. And the bank will be backstopped by the govt if there is a systemic hack. Bitcoin should not be backed up by the govt, and it's security is it's only value, so it's security loses it's reputation, and the value could disappear before a hack.


If it gets to that point that the ability to do that, there are so many other problems that losing money is the least of your concerns. Banking system and credit card system gets hacked wide open??? They aren't covering your loses. They are done. Banks are not back open, nobody is backing anything because it would be pointless.
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