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<p>[QUOTE="masterswimmer, post: 5366316, member: 102022"]Seems to be a piece of an idea. Albeit an idea that has caught on, big time, but you can't take delivery of it. You can't hold it in your hands. You can't even spend it everywhere, or even at most business establishments. </p><p><br /></p><p>If there's a massive internet breakdown, EMP, hack, etc the entirety of someone's Bitcoin holdings can vanish instantaneously. Certainly some situations can cause a standard bank account, 401K, pension, etc to become temporarily disabled, but those accounts can be restored. The operative word being temporary. There would be thousands upon thousands of people and resources allocated to restoration of those trillions of dollars to their rightful owners.</p><p><br /></p><p>Bitcoin recovery, from my understanding, would receive virtually no assistance for restitution. At least not from any government or institutional resources.</p><p><br /></p><p>Again, cryptocurrency is more of an idea, a wish and a prayer. So far it is working in a limited capacity. Still not universally accepted.[/QUOTE]</p><p><br /></p>
[QUOTE="masterswimmer, post: 5366316, member: 102022"]Seems to be a piece of an idea. Albeit an idea that has caught on, big time, but you can't take delivery of it. You can't hold it in your hands. You can't even spend it everywhere, or even at most business establishments. If there's a massive internet breakdown, EMP, hack, etc the entirety of someone's Bitcoin holdings can vanish instantaneously. Certainly some situations can cause a standard bank account, 401K, pension, etc to become temporarily disabled, but those accounts can be restored. The operative word being temporary. There would be thousands upon thousands of people and resources allocated to restoration of those trillions of dollars to their rightful owners. Bitcoin recovery, from my understanding, would receive virtually no assistance for restitution. At least not from any government or institutional resources. Again, cryptocurrency is more of an idea, a wish and a prayer. So far it is working in a limited capacity. Still not universally accepted.[/QUOTE]
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