Anyone earned money with them? How effective are they for this? I'm curious to try so would be grateful to hear about your experience.
I think idea was more decentralization than anonymity. The blockchain is a public ledger. It avoids your bank/paypal/visa etc and allows the instant sending of funds anywhere without caring much about who verifies the transaction....any one of millions of miners.If I'm not mistaken crypto currencies like Bitcoin were created or "invented" in order to allow parties to transactions to remain anonymous.
I would sooner invest in beanie babies.
Anyone earned money with them? How effective are they for this? I'm curious to try so would be grateful to hear about your experience.
From what I gather the cryptographic stuff that is used to keep things 'secure' is the same mathematics that the bank already uses to keep your money and any card payments or transfers made 'secure'.I don't even online bank.
I know the chain block/lock? technology is suppose to be extremely secure but why are we going this root?
There is an argument that technology has been rather instrumental in getting humans to fly and maintaining the current huge amount of people in the air. Depending on the apocalypse scenario you envisage a decentralized method of relatively secure payment that extends far beyond your bank/government/currency, and in unaffected by the total collapse of either, may be worthwhile.Relying so heavily on technology has already caused massive headaches for flying, ministry/government etc. and these are minor in the grand scheme of things. Wait until its a big failure, it will paralyze us all.
I keep cash in my wallet and pay for my coffee/lunch/weeklyshop/bartab with my card or phone. The cash is there for when things don't work.Never leave the house without a few bucks in your pocket. I see people buy a pack of gum or a single battery or even a coffee on their debit. Not a dime on them - sad.
Not all technology is bad, never said it was.
My point was we have totally lost the ability to do things the old way or any way for that matter when things do break down.
More than a few times in my life I have been told " the computers are down and there's nothing we can do." "I can't sell anything right now", "I can't process anything right now". I've seen stores virtually shut down because the computers were down. I've seen those from the younger generation that couldn't calculate change for a 10 without a calculator. This is my point!
Well, we did it before the computer age!
My daughter was 1.5 days behind on a vacation because of a "glitch" at Pearson. Nobody had any answers, nobody new what was going on and nothing could be processed.
There should ALWAYS be a back up plan. We are moving away from any alternative at all and becoming too reliant on tech and tech alone.
As far as getting humans to fly and keeping the huge amount of people in the air, well, these calculations were done with the human brain and slide rules - no 3D computer graphics. My grandfather worked on the instrument panel on the Avro Arrow. No laptop - go figure.
Not that these things didn't help advance the cause, just saying.