Thursday Rant: That Copper Round With The Letter ‘B’ Trying To Look Like Gold

You think all those Bitcoin millionaires could get some gold rounds minted with a “B”. Nonetheless, here’s some copper doing it’s best impression of gold…

First, here’s a ‘stack’ of Bitcoin:

Here’s a golden wanna-be:

Here it is all ‘digitized’:

 

And anybody worried about anther fork, well:

Here’s a, well, not exactly sure what this is:

Let’s see how that power and telecommunications grid is working out for people who might own Bitcoin in Puerto Rico:

Never mind. Still down.

Here’s third party assessment that will have to do:

In other words, 80% still do not have power, and all those modems and routers need power to access the ledger.

But if Puerto Rico is too small, or insignificant, in the world of crypto, how about a North Korean EMP attack that could take down the power grid of the United States:

U.S. ballistic missile defense (BMD) interceptors are designed to intercept a few North Korean
ICBMs that approach the United States over the North Polar region. But current U.S. BMD
systems are not arranged to defend against even a single ICBM that approaches the United
States from over the South Polar region, which is the direction toward which North Korea
launches its satellites…This is not a new idea. The Soviets pioneered and tested just such a
specific capability decades ago—we call it a Fractional Orbital Bombardment System
(FOBS)…So, North Korea doesn’t need an ICBM to create this existential threat. It could use its
demonstrated satellite launcher to carry a nuclear weapon over the South Polar region and
detonate it…over the United States to create a high-altitude electromagnetic pulse
(HEMP)…The result could be to shut down the U.S. electric power grid for an indefinite period,
leading to the death within a year of up to 90 percent of all Americans—as the EMP Commission
testified over eight years ago.

Granted, if 90% of all Americans die within one year of an attack, most likely if the power grid does come back online and telecommunication does get re-established, it might be hard finding somebody to swap Bitcoins with, if they even know what Bitcoin is at all.

But see, I’ve gone off on a tangent.

I’m just sick of seeing that stupid copper round trying to look like it’s gold…

Copper is not gold, and neither is Bitcoin.