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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: 933
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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#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  

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  

I own 90% junk silver coins. Everyone knows what they are. And they store value.

As for small purchases, if you had a gold backed currency, you would pay with a check. But the checking account money would be made by a private bank.

What we are talking about is an international trade mechanism. Putin says buy grain and oil in rubles, gold or Bitcoin. And his rubles are convertible into gold. If this war in the Ukraine lasts much longer, the dollar will die. And we will need gold letters of credit to buy anything from overseas.

The domestic dollar would not be accepted overseas. It would be devalued for buying anything inside the US.

Horse  posted on  2022-03-29   19:29:30 ET  Reply   Untrace   Trace   Private Reply  

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