RE: Let's discuss the coming failure of the Dollar; and the Hell that will follow...just for fun!

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Let's discuss the coming failure of the Dollar; and the Hell that will follow...just for fun!

in politics •  6 years ago 

Hmmm.... I'll take a look on Google Earth.

I'm a believer in cryptos replacing fiat during/after a crash of the banking system. It will be out of govt hands and the price will be a world price, making the cryptos a universal currency, no matter the state of one's own local currency. That's the beauty of it. You can access it no matter where you happen to be as long as you have your keys.

I'm not sure Steem is tied to the dollar. The value changes based on demand and the conversion rate from the dollar. I don't see anything preventing Steem to go up or down other than the expectation people have for the future and utility of the platform. Powering up on Steem makes sense, too, but I'm a believer in LTC for future utility, demand, and value. Get a coinbase account, transfer $$ from checking, and get some LTC. Opportunities to get it at the very low price now will be ancient history some day soon.

Thumbnail calc: $10,000 in Steem gives you a $1.00 upvote value. Upvote your own post and get $1 from the rewards pool. Do that ten times and you have earned as much as the $10k would have earned in savings in a year! Ten times is easily doable and you're already beating the bank. If Steem goes up in dollar value, your rewards get sweeter! That really builds your earnings over the bank's pittance.

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I am not doubting Crypto. I am concerned with the government limiting internet access, which would hurt access to crypto, not the crypto itself. I am keeping packet radio close in case that is the only way to digitally communicate in grid down SHTF situation.

The white paper of steem says that they will try to make steem equal to a dollar, so the tie is voluntary, and not mechanical.

:)

The white paper of steem says that they will try to make steem equal to a dollar, so the tie is voluntary, and not mechanical.

I thought that was the SBD. Steem got up to over $4.00, reflecting the open market value. I thought. Maybe. I still don't understand why the difference is values was needed...and probably will never figure it out.

I have a small xcvr that runs on 12 volts and a few Baofeng UV5rs in an EMP can for that purpose. Just in case.

It is confusing for sure! I tried to buy some...now THAT is confusing, LOL!

I have some of the Baofeng radios wrapped in foil, stored in an old microwave that quit (cheap Faraday cage) and I cut off the microwave cord to be 100% safe.

:)

Good move!@ They should be safe in there.

I bought some with ether coin purchased through Coinbase. It went smoothly initiating it from my Steemit wallet. I always sit on my hands and sweat a lot before committing to make sure I'm not giving away the kingdom by mistake.