Alan King

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since Feb 12, 2014
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Recent posts by Alan King

The more I think about bitcoin the more I distrust it. It has no intrinsic value just like our dollar. It is the same thing as a dollar except it has been limited to a certain number of bitcoins for circulation. At least, right now, I can trade a dollar for something and not need a computer to do it. Also, there is a problem going on right now with bitcoin. Something about wallets receiving a bitcoin but showing it did not receive, so the bitcoins are resent.
11 years ago
What happens to bitcoin usage if the grid goes down for long periods? You basically are broke until the electricity and Internet come back on.
11 years ago