Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: I was just thinking. Do you (like me) think that BITCOIN [View all]usonian
(14,636 posts)4. The original goal, IIRC, was to bypass the banking system.
There's a long discussion here.
https://www.democraticunderground.com/100219807299
Main points:
It's an asset, not a currency. BFD!!! It fluctuates wildly and the value can be manipulated.
It *IS* the currency of black-hat hackers.
It is thought to be anonymous, but is easily de-anonymized, and the FBI has seized "tons" of it.
The only security is the password to your wallet and people have been violently held up for their password. (and nobody to protect you* )
* Except Merrick Garland, who has been protecting billionaires from bitcoin theft.
(see point #3)
If thugs are heavily into it (and you know who I mean) then I avoid it like elephant poop.
Edit history
Please sign in to view edit histories.
Recommendations
8 members have recommended this reply (displayed in chronological order):
54 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
They wrote after Trump's 2020 defeat, not after is recent win. I'd like to know what they think now. nt
pnwmom
Wednesday
#27
All internet related monetary transactions, including blockchains, obviously need electricity
Disaffected
Yesterday
#46
I was with one of my husbands maga nephews last night and he is big into bitcoin
kimbutgar
Wednesday
#8