RobDownSouth
BoycotDivestSanctio
- Joined
- Apr 13, 2002
- Posts
- 78,950
Crypto currency dependent upon the infamously unreliable Texas power grid?The crypto currency push is at least in part being sold as a hedge against the hyperinflation predicted by more right-leaning podcasters. The problem is that we are more likely to face a societal collapse, than Weimar Republic levels of hyperinflation, which was brought on by very specific circumstances, such as the reparations clause in the Treaty of Versailles, and if that happens, crypto currency is worse than useless...it's a completely wasted investment. Right-leaning podcasters often try to act as if they are worried about the future, but their understanding of it assumes that the power grid, computers, internet, etc. will survive intact. I wouldn't be so sure myself. Given rising global surface temperatures, not to mention the growing risk of nuclear war, and the warning signals from the Chinese and other economies, as well as the aging populations that put a serious revenue crunch on straining social welfare programs, I would be much more worried about the collapse of civilization. Growing political violence is another sign of this imminent threat.
*chortle*
Welp, at least ONE state won't have to worry about those "gonna be a Revolution!" militia whackadoodles.
