Bag said:why cant they afford power?? stop being obtuse.BAP Enthusiast said:Bag said:i was thinking more along the lines that Sri Lanka should adopt BTC as its currency. They literally have nothing to lose.Helicopter Ben said:Bag said:
This is where BTC makes sense, jmho
Why not gold? It's interesting that people keep talking about BTC as a safe haven when that boring old yellow metal just sits there holding its value for thousands of years. Literally nothing has been a more stable store of value than gold. Crypto may be the future. But it sure as hell isn't a good place to store wealth for the long term. We've seen it drop 70% in just the last few months. Gold may be boring but it's safe and it can't be inflated.
If you cannot afford power how does Bitcoin help?
The country is bankrupt, has no fuel, and must import all fuel sources. How exactly will Bitcoin help when you need power and an internet connection to actually use it?
This is a real **** hit the fan scenario, Bitcoin is utterly worthless here.