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Title: Jordan Peterson Set To Speak At The Largest Ever Gathering Of Bitcoiners
Source: [None]
URL Source: https://www.zerohedge.com/crypto/jo ... gest-ever-gathering-bitcoiners
Published: Mar 29, 2022
Author: Tyler Durden
Post Date: 2022-03-29 17:11:41 by Horse
Keywords: None
Views: 1159
Comments: 12

World-renowned Canadian author and psychologist Dr. Jordan Peterson will be on stage at Bitcoin 2022 in Miami April 6-9, causing speculation that he may be planning a public endorsement of bitcoin.

Poster Comment:

Looks like a major event. Biden has been trying to contain Bitcoin. Might have a few surprises. Eventually, Bitcoin might be the best way to buy food and oil that has been sanctioned.

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Begin Trace Mode for Comment # 2.

#1. To: Horse (#0)

Eventually, Bitcoin might be the best way to buy food and oil that has been sanctioned.

If the dollar collapses, then I don't see a viable replacement currency outside of crypto. A lot of us do have gold and silver, but as much as I like the stuff, my complaint about metals is that you can't make change with it. The old cliche about how you can't by a loaf of bread with a one ounce gold coin does have merit, and after a currency collapse, the same will be true of a 1 oz silver coin, much less a silver fork, as I would point out to Catherine Austin Fitts. How can anyone give you change for payment made with a silver fork? Do they hand you back a smaller silver butter knife? Again as much as I appreciate her background and expertise..... Such silver holdings are great as a bulk investment for buying an entire valley after financial Armageddon occurs, but they won't replace the need for a post-dollar currency.

That is where crypto can save the day. It has the huge advantage of being so microscopically divisible in value that you WILL be able to buy a loaf of bread with it. Yes it does require internet services survive such a collapse but I think it reasonable it will, and hell, if there is not even internet in that environment, then we'll be down to barter.

Though Bitcoin itself, in its present form, is NOT suitable for that need because it is too damn expensive to spend. It's capable right now of handling 7 transactions per second GLOBALLY, and present costs to make a transaction are some $20 worth of BTC -- making it infeasible to buy a loaf of bread. But there are other cryptos that can which are nearly free to transact, as in fractions of a penny, and which can handle hundreds of thousands of transactions per second.

Pinguinite  posted on  2022-03-29   18:19:28 ET  Reply   Untrace   Trace   Private Reply  

Folks I know are toying with opening a wallet in a digital coin that might be handy to have one day, but no one's sure which one will serve if things get tight.

As far as hard money for small purchases, it's important to have lots of small denomination junk to spend. Hell, even a good supply of nickels is worth accumulating. The modern nickel is worth eight and a half cent at the moment, and it will never be worth less than five cents.

They say to scoop 'em up now, because the Big Boys want to replace them soon with a coin that's cheaper to mint.

randge  posted on  2022-03-29   18:42:44 ET  Reply   Untrace   Trace   Private Reply  

#3. To: randge (#2)

scoop 'em up now

You'd need a pretty big scoop to make that a worthwhile effort. But if you could get a truckload of 'em -- say 1500 lb -- at $0.085/nickel you'd be up about $24,000!

StraitGate  posted on  2022-03-29 19:13:44 ET  Reply   Untrace   Trace   Private Reply  

Folks I know are toying with opening a wallet in a digital coin that might be handy to have one day, but no one's sure which one will serve if things get tight.

Jaxx & Atomic wallet are good, but the choice can vary depending on convenience factors. There are a number of wallets out there. The wallet you choose isn't so important as is having suitable security practices, and it's even possible to transfer private keys from one brand of wallet to another to give both access to the same crypto. You really want to be aware of how to do things right to ensure your crypto is safe and secure, both from simple loss (your PC is destroyed) to hacking theft.

Crypto wallets are not wallets in the traditional sense, as they don't actually contain the crypto funds. Crypto wallets are actually keys to a virtual safe on the internet, and that is where the funds are. As long as you have your key you have access to your funds, and you can make copies of the key in various creative ways to be sure you never lose it.

With crypto, YOU are your own bank, meaning YOU need to practice security that you would ordinarily leave to your bank to do.

Pinguinite  posted on  2022-03-29 19:52:42 ET  Reply   Untrace   Trace   Private Reply  

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