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Comment: I've see that same parroted
I've see that same parroted
I've see that same parroted phrase of "shipping a brick of gold across the world" over and over and over in the past few weeks, and I'm getting sick of it. You also try to put words in my mouth, like another colorful character here, that I seem to think that a mandatory form of paper currency is good.
I will entertain your delusions for a second and ask, what huge purchases are you making that you need to ship bricks of gold across the world? Ever hear of a wire transfer? There are companies to wire that sort of thing. They have their own holdings of assets, so you give them a brick of gold, and the person across the world would get a piece of paper promising them a brick of gold from their foreign branch. It doesn't need to be shipped...simple.
Your electronic currency is going to go nowhere. It's not going to even make a tiny ding in the central banks, like how bitcoiners claim it will have a huge hand it taking them down. It takes power to mine them. At a store it takes having electricity, an internet connection, and a computer. For you to procure them yourself it takes electricity, an internet connection, and a computer.
If power goes out I can still go to the store and use physical money. The only thing in today's society that may be a hindrance is that barely anyone can make change without a machine telling them how much to give back. I'm surprised people can even add up those coins properly, which is why we're seeing Sheetz and Wawa have automatic change dispensers.
I suppose next you will come back at me with some more insults relating to losing power, and how I'm a kook, and extrapolating that I am talking about some global disaster.