What in the hell is this?...

[Truckman]

I deal in American cash, not stupid shell games like this...I don't even know what a bitcoin looks like...Anybody who gets suckered into a trap like this deserves his punishment...

After a former town employee of Cohasset, Massachusetts, was accused of stealing thousands of dollars in electricity from a local middle/high school to operate a secret cryptocurrency mine in a seemingly overlooked crawlspace, police grew concerned when the suspect missed a court date and couldn’t be located.

A cryptocurrency mine?...What does this stuff even look like?...I'll stay with the precious metals business - beer cans and blued steel......Ben

[Dave Grubb]

I know nothing.

[Truckman]

I know nothing.

Horse hockey!...John Bridges was right......Ben

[Sandman]

As I age, I have decided that there are certain new technologies that I should be able to skip learning and still “get by”.. Cryptocurrencies is one..

What I have learned.. cryptocurrency is not based on a traditional treasury or backed by traditional wealth.. there are algorithms or keys out in cyberspace that allow the acquisition of more cryptocurrencies. This acquisition requires “mining “ of cyberspace to discover these codes, algorithms and keys and “mining “ requires a great deal of computing power..

Standby.. hold that thought.. oops, sorry.. my brain is fogging up, even freezing over.. well, that’s as far as I can go.. now you know what I know..

I still carry cash.. I’m old..

[Truckman]

I still carry cash.. I’m old..

Cash is still king at the gun shows...I have credit cards for everything else that pay me when I use them......Ben

[Sandman]

When we road-trip in the camper.. a big ole pocket full of cash is carried.. over the years I come home with more and more cash.. like you, the cash back credit cards are used for almost everything.. restaurant tips and morning coffee at “7-11” mostly.. (we experienced our first Buc-ees.. as my dad would say, if ya don’t need it, they have two of ‘em.. a cross between Wawa and WallyWorld) .. use more $5 & $10 bills now..

Back n the ancient daze I missed a fire sale priced .380 because I didn’t have the cash in pocket.. snivel snivel, oops.. gave up sniffing for lent

[Dave Grubb]

Cash is still king at the gun shows...I have credit cards for everything else that pay me when I use them......Ben

Back in the days that I was wondering around gun shows I would go to the bank on Friday and most weeks get the same teller---who knew when she saw me to get the forms out.

[TriGuy]

crypto is a money laundering theft scam. Hell North Korea funds their economy almost entirely on stealing crypto currency. It (crypto) preys on greed and the promise of easy money without any security in place at all

[Independent Voter]

Can I use crypto to buy green eggs and ham ?. How about a new stove ? . Possibly a new fly rod ? .

If not , what is it good for ?.

[UTAH]

...what is it good for?

Not for me is what it is. I'm with the crew that deals in cash and credit cards.

Hunter

[Kevin]

Meh. There is no intrinsic value to cash. We just all agree on using it as if it were worth something. It isn't. It is just a slip of paper, traded around.

Crypto is the same. Just something to trade with no intrinsic value. Milton Friedman once suggested pork belly futures as a basis for trade. At least there is meat involved. Credit is just a promise of future payment in another non-valuable currency. And lots of times, it all happens digitally, so the money only exists as units of account on a computer somewhere. Exactly like crypto.

At one point, when we were on the gold standard, we had these same debates about the value of fiat money. And before the gold standard, Oog and Thag had conversations about shiny metal or mastodon horn as a basis for trade. Nothing ever changes.

[Truckman]

At one point, when we were on the gold standard, we had these same debates about the value of fiat money. And before the gold standard, Oog and Thag had conversations about shiny metal or mastodon horn as a basis for trade. Nothing ever changes.

The blued steel standard is working OK for me at this time......Ben

[Kevin]

Ah, you see? Guns are functional and useful. Intrinsic value.

I remember reading about TEOTWAWKI in some prepper magazine. The debate was about whether to hoard gold or silver. The guy who, in my opinion, had the most insight was the fellow that pointed out that neither of these items would have value if civilization fell apart. You know what would, he said?

Ammunition. Specifically 12 gauge shells, 30-06 and/or 30-30 centerfire, and 22 rimshot. A lot more useful than a bar of metal.

[Mike]

Ah, you see? Guns are functional and useful. Intrinsic value.

I remember reading about TEOTWAWKI in some prepper magazine. The debate was about whether to hoard gold or silver. The guy who, in my opinion, had the most insight was the fellow that pointed out that neither of these items would have value if civilization fell apart. You know what would, he said?

Ammunition. Specifically 12 gauge shells, 30-06 and/or 30-30 centerfire, and 22 rimshot. A lot more useful than a bar of metal.

I fully believe that!

[Truckman]

Ammunition. Specifically 12 gauge shells, 30-06 and/or 30-30 centerfire, and 22 rimshot. A lot more useful than a bar of metal.

Those with gold and silver would be melting it down for their bullet molds if they had a source for empty brass, powder and primers......Ben