You should change that to the best 'trustno1"

So what happens to the coins?

They are lost. There is no way to track them. There is no trail at all. I believe I read something that about 20% of the coins in circulation have been lost and are gone for ever. As I understand it, the appeal of BTC is that it cannot be tracked. So there is no proof that it is in the colt storage and that, as they say, is that. Poof!

__________________
Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

As I said. Imaginary money.

- Peter.

__________________
2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S

Then all money is imaginary.

__________________
Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

As you said earlier, money is only money as long as two parties agree it has value. In reality countries money exists becuase the countries stand behind it and so people globally can agree that it has value. The only way this stops is when a country implodes and takes it's money with it, ie Weimar Germany, Zimbabwe etc...

Rather a different set of criteria than some nerds with the luxury to play encrypto fantastico in cyberspace where something as random as fogetting a password destroys hundreds of millions of coin that only other nerds consider currency. Rather on the level of monopoly money I'd say.

- Peter.

__________________
2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S

Regressive hypnosis may be worth a chance. To recover the password. I probably would have it attempted for far less.

He should get out before the pyramid collapses anyways. Latest bait to keep people from cashing in is Bitcoin is going to 100K. I really thought pyramid schemes were illegal by now.

Paper money is also great being backed by so much debt. At least we all accept it as payment still. How much faith should we have in it? In say a chronic food shortage. It is possible to have it refused as payment. It's use as a medium of exchange has limits. That I hope nobody lives long enough on site to run up against.

And a simple hardware failure or software glitch or EMP or solar flare wipes out your coin. nice.

Some money is hard.

Gold and silver coins have value in the quantity and quality of the metal in use.

__________________
All lives won’t matter until Black Lives Matter too. Along with Asian lives as well.

“No, I don’t take responsibility at all.” - Don Trump

“The buck stops here.” - Harry Truman

Black Votes Matter.

It is still imaginary in that if a society comes to the conclusion that they do not need gold.... The gold is worthless. Something, whether it be money or goods, only has value if parties involved agree it has value.

__________________
Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

We are off the gold standard. How does the US back it's debt? We do not have nearly enough collateral to back what we owe.

__________________
Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

Government supplied free health care, forgive old college debt, future college tuition supplied free, the new green deal, etc, should solve that problem. That along with elect someone who has been the source of that problem for half a century to solve it. You Dems are hilarious.

MIC

Our assets basically. The huge federal debt loading is in the citizens names. I believe a countries default can be taken before the world court.By other countries. They can make a legal ruling. Defining assets to be passed over.

The level of inflation is determined somewhat by the nations debt loading. Endless debt loading presents problems at all levels of government.. You can live in a municipality where for example the property taxes are almost crippling. One way or another eventually bad fisical practices come home to roost.

Idealy, responsible governments should exist.They have in the past. They enable stability.The individual functions simular to a government without the tools they have. Go at debt loading hard enough in a non business capacity. Your individual quality of life will even eventually suffer.

You cannot legally print money and suffer the consequeces of doing so. Yet our governments do it for us. When they print money a debt instrument is created for doing it.

I am of course not an economist. Just seat of the pants stuff. I occasionaly have flashbacks when buying something. Yes I realise our incomes are also much greater. Yet prices over time have moved ahead of even that factor.

Make America great again was terrific. Create debt like never seen before to buy it. Yet the economy did pick up subtantially. At the same time it was an illusion .We have yet to pay for it. It is over currently so to speak. Huge stimulous coming same terms.

Even the wife told me. You are 79 this year. Go spend some money before the value declines much more. We live in Canada and price increases are remaining constant in nature. Sixty years or so ago. I all too well remember. A group of us guys talking about. If we had a hundred a week income in retirement we would have a pretty good life. Things actually appeared that stable back then. .

This is part and parcel of the propaganda or brainwashing. There is no real free healthcare. There is healthcare without the profit factor.In most developed countries. It operates at true costs with a premium collected by pro rated taxes usually.

The Canadian example was pretty well designed as it has lasted around sixty years with a very few minor changes. One hundred percent coverage from birth till death. No exclusions. No copays, No clerks determining what applies to you for treatment based on cost. Pro rated with logic.

You spend more money the portion of the sales tax used to pay for it increases. The only trade off that I can think of is waits for elective surgery vary depending on the region you live in.Some delays in highly populated areas are too long. We as a couple would go along with a small premium increase to eliminate that.

We are one developed country that does not have free education. It to me is an investment in a countries future. Too many young people struggle with the resultant debt loading otherwise. They also will technically pay much more income tax over the years. As a result of the education.As far as I have been able to establish there is nothing free in life really. Except perhaps the air we breath.

If you have a drug plan in America. On average Your co pay will be about the Canadian retail prices.If you do not have a drug plan you get a turn over the fender. The Canadian government cuts a deal with the drug manufacturers. Their cost and a fair and reasonable profit for them. They find it acceptable as they sell them in Canada.The choice is theirs.

Now if for example you do not have a drug plan and cannot afford the drugs you need. You have to prove that and then they will be given to you at no cost. It is cheaper than people landing up back in hospitals. So rather than being free it saves higher costs to the system. My point mentioned earlier remains the same. This concept of being free is illusionary propaganda or brainwashing.

Almost everyone will get sick at some point in their lives. Overall it can be a financial hardship as well as stressful. There is nothing wrong with some form of safety net. It makes you feel a little more secure. As well as actually increasing your security. I would have found it less than a happy experience to have all kinds of medical bills arriving if we actually had paid for insurance to prevent that. Or in extreme cases be forced into bankrupcy after working all those years to own a home etc.

Yes the premium we pay is forced and there is no other provider. The premium automatically increases with inflation. I have no ideal of who actually designed the Canadian system. Overall it seems to be one of the very best universal health care systems in the world.

Originally I suspected it would have been the German model. Started more than eighty years ago.

As for the best medicine in the world. It does not exist in north America. American and Canadian medicine is about on par for quality etc. In my examining various countries .There are some blended systems out there. They are not that great. Universal health systems should be for the whole populations.

Any person is free to believe whatever they want. Propaganda and brainwashing have a well established record of being very effective. At my age of almost 79 I care abut the common good still for all people. Although I will not be around that much longer to see it. Life has been good to our overall family in many ways. In my country I practice parts of being a liberal and conservative. Since we are not politically polarized this is probably very common. We were very much polarized at one time but got out of that sinking ship. It is highly counterproductive in meeting peoples needs. Idiologies are probably not that productive really either. They may actually inhibit things.