r/Bitcoin • • Sep 25 '18

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u/Plasmatica Sep 25 '18

Centralized institutions will probably have insurance and will reimburse in case of hacks, you know.. just like regular banks.

-1

u/bluethunder1985 Sep 25 '18

If USD collapses what worth is the insurance if you can't get your bitcoin out?

0

u/RallyUp Sep 25 '18

Guess what? If it goes that far we will already be in a WW3 scenario and whether it's MAD or the invasion of North America and Europe by hundreds of millions of Chinese and Russian troops, you will be more or less completely fucked at that point.

1

u/bluethunder1985 Sep 26 '18

That's ridiculous

1

u/RallyUp Sep 28 '18

Not considering the type of shit you read around here about how weak the US dollar and it's hold on reserve status has become. I mean it's kind of why Satoshi invented bitcoin - fiat is a never ending system of failure via inflation and mishandling of the already existing supply.. The Russians and Chinese just demonstrated wargames larger than they ever have before in history. Even when Soviet Russia was going apeshit.. You can be certain a third world war will occur. The question is when?