Quote from: Cummins59 on July 28, 2014, 02:40:19 AM

Quote from: beetcoin on July 28, 2014, 01:04:27 AM

Quote from: Cummins59 on July 27, 2014, 07:47:06 PM

I really believe in bitcoin but I would think the best option is to convert to cash or junk silver as a means to protect your investment and maintain a spendable option. I remember during 9-11, the gov shut down all communications immediately and I remember the chaos during the blackout in the Eastern US. Both would have been troublesome situations trying to get supplies/food and pay with bitcoin whereas junk silver 90% quarter dimes halves and nickels would have still been accepted.

I do love the ease of payment with bitcoin though.

I am not trying to rain on anyone's parade. I am just being a realist because the emp or blackout WILL happen.

sure it WILL happen, because it's happened before.. but how long will that be? 10 years? 100 years? 1,000 years? the last time it happened, where it would have wiped out or electronic systems, was in the mid 1850's.. and it hasn't happened since.

I don't really care when it happens it is just the concern that I will holding a bunch a electronic shit that may not work and therefore I am screwed. Mining, spending and diversity into other assets is the only way to go. Anyone that banks entirely on e-coin which can be flicked off by the United Nations is not a realist.

well, if you're afraid of a sunspot/EMP from the sun, what i'm saying is.. it shouldn't be at the top of your list of thing to be concerned about.