The safety Bitcoin provides is not the short-term risk aversion desired by pension funds & insurance companies. It is currently undergoing price discovery which makes its price too volatile for that. Rather Bitcoin has fundamental safety:https://twitter.com/NickSzabo4/status/1162743096821469184 …
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@francispouliot_ Do you expect a financial crisis coming in 2017? -
Illinois was downgraded to junk bond status, the country will follow.
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Italian banks and Deutsche Bank might be consudered junk as well soon
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Precautions against a wrench attack are rarely taken, but bitcoin does provide the necessary tools to guard your savings from wrench attacks: multisig and timelocks. Make your savings only movable on certain days, with help from multiple parties. Now wrench attacks won't work.
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I hear it's being used in crisis stricken Venezuela can anyone confirm?
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Their currency is basically inflated to shit so BTC to the rescue :) https://www.google.com/amp/s/www.forbes.com/sites/realspin/2017/02/03/why-venezuelas-currency-crisis-is-a-case-study-for-bitcoin/amp/ …
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One question I get from some of my friends is "what if they power goes out". Thoughts on that? You get access back after... But during?
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You can reply that credit/debit cards, paypal, the entire Internet, physical stores, banks, etc... don't work without power as well.
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I'm trying to convince goldbugs, not your typical toilet-paper finance type... Great point, still!
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Am I not right in saying there hasn't been a real enough crisis for bitcoin to be tested & let's face it it can't do any worse than fiat

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BB is correct. No historical evidence to suggest Bitcoin is a safe haven asset. USD usually rallies in crisis so Bitcoin could be worse off.
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lol. Those damned pesky world-wide emp attacks. I hate those.
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