How so? I stil have paper money in wallet. Of course they have to put the numbers in, but I am sure they would do that even by hand if there is no power at all.
Physical digital wallets you can always have with you and that are able to function without power, and net, that would be something different.
Without electricity now, you have no money. Yes you still have your bank notes but those are as valuable as your toilet paper(maybe even less) without something giving them their value.
A physical currency means that its value is backed by the (eg gold) physical items the totality of the currency refers to. A digital currency’s value is based on the economical growth of the system it’s based on(+inflation), and this requires to have correct information about the agents of the economy. The faster your information, the closer your note’s value to the real economy growth.
This is not good or bad, but this is how it is. Your bank note is only valued as much as the system that produced it is expected to have a growth.
I don’t get how you can obsess years about a topic and still get basic things like this wrong.
There is no difference between the means of representation of money.
A central authority always governs it. Always.
Bitcoin enthusiasts can’t stop screaming how good the ‘regularization’ of bitcoin is but they don’t realize that the shady part of the Bitcoin trade was it’s value. All they will be left with is a scam coin.
Everyone knows, those bitcoin prisoners, hope to trade their place with new “bitcoiners” that will pay them out as the new ones get stuck in. But since the last year, a clear decline after 2021 is visible as people realize the economy isn’t going to implode and life will continue and their bitcoin bet will no longer be unlimited profit. It hits the hardest with people who bought when bitcoin was over 50000, imagine how scared and frustrated they are… their money, gone forever, HODLing while the value slowly caves in as they frantically look for people even more desperate than them to sell their ‘bitcoins’ to. Crypto is a nice casino, but a casino isn’t the basis of an economic system. Does your local store accept casino tokens from Bellagio or MGM Grand? Why not, it’s a stablecoin linked to the USD? 
Oh, and for the “it’s a limited edition”, that’s a lie. More satoshis exist than USD in the world. And for those wondering that BTC won’t be mined anymore, OVER TEN THOUSAND alt coins exist, making cryptocoins the most printed in the existance of the world, and everyday a cryptominer mines more… brrrrrrrrrrr. There is no end, at least the FED is regulated and can’t spawn alt-USD coins randomly lol.
It’s a high risk investment. If you can’t stomach that then stay away, no one cares. But I somehow have a hard time sympathizing with gamblers who have no idea what they are doing and then get utterly destroyed when they FOMO in on top of the cycle and sell at the bottom because they are scared.
Same can happen to you on the stock market. Look how many idiots have lost money on the GME thing because they FOMOd in when it was like 2000% up and then shat their pants when it crushed again and immediately sold in a loss. You gona cry us another song about the evil stock market and how GME is a scam now? 
The amount was deliberately chosen in a way that if Bitcoin would happen to replace the money supply of all currencies on the planet (2009) 1 Sat would still be a fraction of a cent ($). But they are limited. There will only ever be 21mil BTC which each can be divided into 100mil Sats.
You do know the difference between a big upper limit and unlimited, even if it’s with big numbers? Bitcoin is one of the only things we have that is truly limited.
Yeah I see your point but it’s actually even more complicated than that.
In theory everyone can start a currency, even a regular centralized one. There have always been attempts to create different forms of money and evolve the concept over time. But, when money became a thing the state issues and controls that evolution stopped and in my opinion even stagnated, because creating an “unofficial” currency became basically illegal.
Now we have this evolution back. And the reason why it’s now and why it’s crypto, is because Satoshi Nakamoto gave us the concept of how to create a truly decentralized currency where the central issuer can’t be put in prison because there is no central issuer.
And not only do we basically restarted the evolution of money, but it’s now fully digital, programmable and we can basically chose the properties. It’s the first money we designed for the very purpose of being money from the start up.
But because everyone can now create money again we have another problem, which is obviously, which one of this thousands of copies, forks and instances of crypto currencies has actually any real world value.
The value of money comes from the trust people have into it, always.
So there are a lots and lots of reasons why I trust Bitcoin, but in a much lesser degree Ethereum for example. The things I look at is: Who can influence change? How hard is it to change? How decentralized is it? Is it secure? Can it actually work as a global currency? … and so on …
We never had to ask this questions before when it came to money, because we simply did not have the choice. And I can understand that people are confused, at least I was, it’s still a pretty new topic and we are still discovering what the properties of good money are now we once again have a free market of money and the concept can evolve again.
And I know I’m probably talking to a wall here. But I always hope to at least communicate that there is actually more to the topic than the whole shitcoin casino that unfortunately also exists as a byproduct and all the “when lambo, what coin 100x tomorrow?”
For what it is worth, I do wish cryptos success. I just have no interest in speculating on tokens. I will be happy to use them once the bugs are worked out.
You claim a crypto currency is high risk investment and should be a legal tender.
You claim a currency is the same as stocks and should be legal tender.
That’s some bold statements from an “expert” like you.
Companies in El Salvador listened to scammers and now a lot of their business who are FORCED by their dictator to use crypto as legal tender lost a lot of money. Your childish view on economics is scary as it already took quite a toll on the people of El Salvador.
Again, I’m not sure if you understand the amount of energy that is required for that. Also I don’t think you (nor Mr. Or Team Satoshi) understand global economics.
Ok, Mr. “No, I don’t want a return to the gold standard, i’ll encrypt the world gold and we’ll be just fine.”
The reason the gold standard was removed is :
Point three is moot as almost no one trusts the cryptocoin so there’s not much danger to that. But feel free how you will tackle the other two points.
Also #InB4 you will go like ‘but the programmers can change the amount to counter x or y’. As usually no matter what is being said, bitcoin fans will make sure to tell the exact opposite of no matter what. It’s anonymous/every move is tracked. It’s the solution for poor people/it requires wealth and knowledge to become rich with it… and on and on. Scroll up, you (and your fellow crypto addicts) been doing it in the “hopes to make everyone in the world rich” -but well all know better.
So the “person(s) in charge” can’t be taken to court? Sounds childish. Let’s hope they all are noble people who want to make everyone rich, The people of El Salvador are waiting. I hope they will be ultra rich soon™.
I do like the rest of your rebuttal therefor I modified a songtext ;
“I may say you’re a dreamer
But I’m not the only one
I hope someday we’ll join you
And the world will live as one”
But at this point I see many people suffering. Let’s hope the future brings better times.
I did not say any of that.
Dude, why are you so angry with me, I’m neither the president of El Salvador, nor did I think it was a good idea to introduce Bitcoin as currency at this point in time. And on top of that you once again didn’t even do the absolut minimum of research before went on a rant about something you know nothing about. Businesses in El Salvador are NOT forced to accept Bitcoin! They are if technically possible obliged to accept payments over the Bitcoin Lightning network, but they can chose if they receive dollars or Bitcoin, no matter in what currency the customer payes, because it gets instantly converted.
Absolutely no one there is forced to hold Bitcoin. They simply want to establish Lightning as a payment protocol, because it is open source and works globally so their people are able to receive remittance payments from all over the world for free without a bank xhargimg them horrendous fees.
That has absolutely nothing to do with what you cited. If I explain one thing you just jump to the next critisism without even addressing what I wrote or acknowledging that you where wrong.
Seriously, it just looks like you want to desperatly have your views on all of this confirmed instead of actually learning something from the conversation.
If you want to talk about the energy consumption we can do that, but I feel we have already done that and you are just repeating the same shite as before because you ignored the actual arguments just like you did here.
Sorry, but you live in a complete fantasy land. The gold standard was abandoned because they ran out of money to finance their wars, and instead of issuing war bonds and basically letting the people decide if they want to spend their money on a war, they just started to print the money and abandoned the gold standart as a consequence when other nations wanted to trade their dollars for gold because of the printing.
Better jobs, stemming the rising costs of living wtf lol. That is some A level ■■■■■■■■.
Hete take a look at what it actually did:
No they can’t. I think I said that now a gazillion times in this thread. The programmers can not change the monetary policy. It would cause a fork and the majority of the network would have to agree to it, which is basically impossible at this point. It can no longer be changed.
Yeah go scroll up, I never said even remotely something like this. Bitcoin can’t solve the wealth inequality, tgat is not why it was invented. The reason Bitcoin exists is because we can’t trust central banks to devalue the money we are supposed to use. It takes that power away from them and replaces it with a few simple unchangable rules.
I’m not sure how you could not understand that point. Bitcoin is a decentralized network. There is no person in charge, that is the whole point.
Go home man, you’re drunk
There are still people that influence the price. Its dependedent on many factors, and they can manipulate it. To a degreen not seen anywhere else, because the regulations are in place elsewhere.
Bitcoin is a demoralizing thing, like a cassino without regulations.
You said crypto is a high risk investment. You showed no concern of the “middle class” of El Salvador that ware required to accept bitcoin (if they have the electronic means). Also the working class and lower class would be the ones using it so they too -if they didn’t cash out into real money- would see a loss of around 24,38% (YTD 1 year of this post) in their liquid finances. You can’t stop complaining about an example where real money inflates in one posts then explain nothing on how bitcoin will solve that issue. Bitcoin would not, so why compare bitcoin with real money if you are against making it legal tender? I understand the childish concept of ‘but you can do it if you want to’ and that isn’t something that works in a society or economy. The concept of bitcoin / crypto is flawed and will not work in reality. Yes, casino tokens work in casinos, yes some people got rich out of it by chance, but that’s not a rule to say ‘hey, let’s use distributed casino tokens instead of money’ on a national or even worldwide scene. I see you have trouble understanding it. I can only assume you bought when it was high and are now hoping it will rise again, but it’s burned and wont. Unless people like me are silenced (what you suggest a lot because your sales pitch isn’t holding up under scrutiny) however I believe people are free to offer their ideas and suggestions on this forums and others are free to counter them with facts and fiction alike.
Bitcoin is like Esperanto, a good idea, but just like any decentralized concept not going to be implemented worldwide ever, just like bitcoin.
That is a partial lie. Every citizen got $30 on their wallet. If they were smart they exchanged it as fast as possible in real money. Again, I don’t keep on saying you aren’t informed, I just inform and correct you. And yes, tehy will probably stop making Bitcoin legal tender. ( https://www.bbc.com/news/world-latin-america-60135552 )
I’m not the guy stuck with the crypto-tokens nor with any of the NFT receipts.
They ran out of gold to print money to make the economy work again. Good luck with your satoshi’s, but I’m sure more cryptocoins albeit with another name like “TechnicallyNotBitcoin-Coin” will be created because otherwise the economy would collapse, something you don’t address at all, with reason. Again here, bitcoin does not offer solutions nor replace the existing coin/bill/electronic payment system. It does not offer any advantage at all, like last time you were saying lightning would tranfer money alml over the world cheap. Then I gave examples of comparable non-crypto and you go on ranting but the fact is. It. already. exists. at. the. same. cost.
Productivity went up, costs went down so the cost of living was reduced. You actually posted something that proves you wrong. I know people who lived in the communist era USSR and they would be laughing with the statistic showing the propaganda of a collapsed empire recovered by crypto-super-economists. The irony. Might add a curtain to it while you’re at it. Although your reply was comical.
So the oligarchs mining would be able to? Or do you really think ‘the people’ ownes the large mining infrastructure?
“simple unchangable rules” Oh my, if the economy was like that. Good you guys found teh solution to economic problems. lol.
MicroStrategy has since spent more than $3.5 billion on the cryptocurrency (in 2020) , and its investment has paid off so far. That company peaked crypto. They also played it as they cashed out part when it went back down, then reinvested when it was low making quite a profit. ONE COMPANY played bitcoin. ONE. I guess that CEO is more trustable than any bank CEO if I take your word for it. But aside of your word, what makes me trust that shady businessman more than some random banker?
Another player, however half as big has been tweeting on other valuables, is this why you don’t want someone in charge? Is this why Elon Musk laughs at the SEC while he plays with the money of El Salvadorians? Whenever there is a winner, there are losers.
I can’t go home, taxi won’t accept bitcoins. I’ll go back when i’m sober, lol. 
State fiat currencies are not volatile * sarcasm *
State fiat currencies are so bad at holding value you can sell old out of circulation notes and coinage for a higher price of in circulation notes and coinage as collectables.
Let’s unback and float our currency, said no sane person ever.
10 PRINT $CURRENCY
20 GOTO 10
Why is it that cryptocoin addicts always try and hide the reality?
Bitcoin is a gamble, a few big companies are stuck and hope for “millions of bigger fools”. It didn’t happen, they gambled on people’s desperation during the pandemic but now it’s over, those who threw their money into cryptocoin are desperate. And try anything just like your funny post. So, why trade a slightly volatile coin - linked with the economy- into some casino coin?
I showed a chart from 1960 to current, yours is just 3Y time period.
I think I showed more reality then you did.
So back cryptocoin with ludicrous amounts of wasted energy? Sounds smart… rofl. Why not back it with decaying uranium? It’ll last longer. 
So what does banking run on, fresh air (pun intended)?
See, can’t answer, always evade the real question. Why replace something that works with something you invested in that doesn’t? I do understand the part where you are stuck with crypto-tokens you call coins in the hopes it fools people into thinking it has value.
Most people distrust the cryptocoins, you should too, but I think it’s too late, I just hope you didn’t buy when it was high due to ONE SINGLE company playing it’s value.
Banks are not money. I don’t pay people banks or bankers. I pay them national money.
Works just fine.
Yes, that is true, and here’s why https://www.youtube.com/watch?v=rpNnTuK5JJU
He certinally is hungry for power and control over you. He’s eating all your liberties for lunch.
Currency issued by the Central Bank is on their balance sheet as a liability, it’s not your currency. They want absolute control over you. Absolute power corrupts, absolutely.
Like Facebook? Where the secret service gets distributed and everyone posts their opinions every evening?
Like Smartphones? Where you are identifying to your favorite company what you do, what you bank, where you are, to whom and how long you make phonecalls?
What power or control does he have over me? Not more than all the things you use to spread your privacy nonsense. Also, I don’t make money with comitting crimes so I’m not that worried, some people should be worried. Also, cryptocoins are less private than you think as it’s in the ledger that guy you posted can read anyways.
The power to turn off and take your currency. The power to reduce the purchasing power of your currency. The power to punish you with negative interest rates if you hold your currency, the power to force you to spend via such a mechanism, and the power to make sure you spend in the approved places.
On the balance sheet of the central bank, you are a liability to them.
