Premium Only Content

The Problem with Bitcoin and Cryptos No One Talks About
The blockchain has an Achilles's Heel: its existence depends completely on electricity. Fiat has many, many problems, but at least it has a corresponding tangible 'analog' component. If you have the physical 'thing' you can do business. As a 'store of value' the Bitcoin and the crypto-currencies have utility, but if you can't access the Internet, because of a power outage, fried servers because of an EMP, hackers... so on and so forth, that stored wealth is useless from a practical point of view.
This is not a defense of fiat. Rather, its a word of caution that one should diversify their assets judiciously. For example, as mentioned in this video, I am migrating my crypto to Kinesis, which is a 'crypto' currency that is backed by physical gold--and this gold, in principle at least, is something I could take delivery of. But even there, that is not the chief place I have invested my wealth.
What is my chief asset? I explain in this video.
-
LIVE
Alex Zedra
1 hour agoLIVE! Solo Scary Game night
259 watching -
58:01
MattMorseTV
3 hours ago $6.83 earned🔴The Dems. just lost 4.5 MILLION voters.🔴
40.2K39 -
1:04:10
BonginoReport
5 hours agoCornhusker Clink & A Sizzling Border Wall Deter Illegals - Nightly Scroll w/ Hayley Caronia (Ep.116)
102K65 -
LIVE
ZWOGs
9 hours ago🔴LIVE IN 1440p! - SoT w/ Pudge & SBL, The Finals w/ The Brrrap Pack, Kingdome Come - Come Hang Out!
33 watching -
LIVE
VapinGamers
1 hour ago $0.01 earnedOff The Grid - Yes I Have a Problem but Winning Aint One! #1 Controller Scrub NA - !rumbot !music
66 watching -
LIVE
XxXAztecwarrior
2 hours agoThe Finals W/ The Tribe
15 watching -
2:01:05
Mally_Mouse
10 hours agoLet's Hang!!
17.2K -
LIVE
blackfox87
2 hours agoFoxyFam takes on Warzone! | PREMIUM CREATOR | #DisabledVeteran
87 watching -
LIVE
Spartan
6 hours agoScrims then Ranked / Octopath Traveler 2
20 watching -
6:44:51
Dr Disrespect
11 hours ago🔴LIVE - DR DISRESPECT - IMPOSSIBLE 5 CHICKEN DINNER CHALLENGE - FEAT. VISS
112K16