Now you can use it.
And now you can’t.
With the state of our aging and completely vulnerable to sabotage power grid in this country my thinking is that you gotta be out of your ****ing mind if you think crypto currency is going to take over for cash around here.
I couldn't have put it better myself. I'll add to power outages the safety and security of our computer networks. Take down the Internet, even for a short while, and any cryptocurrency transactions grind to a halt as well. There's also government intervention. Any government, anywhere, anytime, can pass a law declaring cryptocurrencies to be illegal. Where's your investment then? You may say you'll cash out of cryptocurrency before the bill becomes law. I have news for you. Everybody else will be trying to do the same thing, at the same time as you. What are your chances of getting back more than a penny or two on the dollar?
If I have gold or silver coins, or something of that sort, I can always trade them for what I need. They're physical, tangible stores of value. If someone comes to me in an emergency, and offers me a few 1oz. silver coins in exchange for a tank of gasoline, I know what's on the table, and we can make a deal. If someone else comes along with an offer to pay me so many bitcoin for the same gasoline, "and I'll pay you as soon as the Web's back up - I promise!" . . . not so much.
Cryptocurrencies only have value because people have persuaded themselves that they have value. There's no hard, tangible reality underlying that belief. If it's shattered, so are cryptocurrencies. I continue to believe they're yet another attempt to make - or, rather, sell - something of value out of nothing at all. The world's been full of such ideas for centuries. (See the Tulip Mania or the South Sea Bubble, to name but two examples.) I don't trust them.