03-02-2021, 05:35 AM
Bitcoin is a cryptographic encoded ledger where completed transactions or relationships cannot be repudiated. This is extremely high value where tampering is clearly evident. It is practically impossible to break the chain due to mathematical strength in the crypto algorithm(s) used which requires a lot of energy to calculate the next link in the ledger. Because so much energy is required to perform the calculation, there is a supposed associated cost or value.
This is the area where "value" is questioned by many. The energy is spent, so it is stored in the form of a bitcoin abstraction. The math is sane and absolute. The problem is, and especially during an apocalypse, without network connectivity and the computers to perform the heavy calculations, will my bitcoin wallet put food on the table? Will it buy water, gasoline, bullets, gold, or most importantly, a CB1100?
This is the area where "value" is questioned by many. The energy is spent, so it is stored in the form of a bitcoin abstraction. The math is sane and absolute. The problem is, and especially during an apocalypse, without network connectivity and the computers to perform the heavy calculations, will my bitcoin wallet put food on the table? Will it buy water, gasoline, bullets, gold, or most importantly, a CB1100?