If the economy collapses and currencies become worthless, wouldn't Bitcoin become worthless too?

You realize what you just described guarantees an economic
collapse, right?


[link to www.youtube.com (secure)]

Printing money is not consequence free.
Otherwise, Zimbabwe and Venezuela would be doing very well
right now.
They are not.

Last Edited by dr0id on 12/30/2020 11:21 PM

And nobody is going to use bitcoin, a crypto made popular with online drug trade, when the irs is tracking and taxing every last bit of it

Except for the fact that millions of people are using it every single day for the past 8 years:

[link to bitinfocharts.com (secure)]

Should coulda woulda.

The fact on the ground is that millions of people in hundreds of countries use it every day.

Them's the facts, you don't have to like it, lil nibbler.

More daily utilization stats:

[link to 1ml.com (secure)]

And every last one of them is a tard.

Opinions are like a**holes-- everyone's got one.

Have fun staying poor, my nibbla.

Yes.

All currencies are essentially worthless.

What is worth most is food, water, shelter, medicine, and defensive weapons.

When the dollar crashes, each bitcoin will be worth 1 million dollars. 1 million worthless dollars = worthless.

If that happens then everyone else will be poor too, but at least the smart ones will have stocked goods. Nobody is going to give a shit about your stupid bitcoin.

Have fun being a poor tard, dipshit.

I've got all that good sh*t in spades as well.

The acreage, the 5.56, the 9mm, the industrial scale water purifying system, a garage workshop with powertools and hand tools, etc. etc.

Once you have the shelter/food/defense, you need somewhere non-perishable to store your excess wealth.

Barrels of oil are expensive to safely store and protect from thieves.

Livestock are, again, perishable and require manpower to care for.

Gold and Bitcoin are nonperishable (Bitcoin only dies if the Internet PERMANENTLY shuts down. Otherwise it heals, just like a hydra regrows its heads as long as 1 head remains).

In my view, for surplus wealth (beyond the basics), gold and Bitcoin are the only sane choice.

Dollars may become meaningless, but ultimately, the distributed ledger is designed to be independent of it. Bitcoin means bitcoin, not the dollars you can trade for it.

Yes

Nobody is going to take a bitcoin on a stupid usb drive as payment for anything

Value is determined by what people are willing to pay for something. If no one is buying, then no one is selling.. and so no one cares.

You can turn around and anonymously sell your "stupid" Bitcoin on craigslist or localbitcoins.com right now for thousands of dollars.

You don't have to personally like them: there's people right now willing to give you stuff (gold,food,whatever) in exchange for your any bitcoins you may have.

Think of it as an intermediate step towards getting the items you want.

People are going to have better things to worry about, like not dying. Nobody will give a shit about bitcoin when they're struggling to survive.

There's m*therf*ckers RIGHT NOW lined up to pay good money for bitcoin: [link to localbitcoins.com (secure)]

Again, you don't have to any personally like or dislike of the bitcoin. There's a backlog of people waiting to give you whatever you want in exchange for bitcoins.

Right now yes, but not when the SHTF

Even in the paleolithic era people desired art objects, necklaces, dancers/performers, etc.

Even CAVE MEN spent money on luxuries. Yes, some people will die starving in the gutter. And some people won't. Life ain't fair.

Well I guess you, Bezos, Gates, and all the other ultra wealthy douchebags are all set then!

(edit)

The people who thrive in a post-industrial setting are not necessarily going to be the same group of people who thrive right now.

I.e. maybe it will be Conan the Barbarian types who are well off, whereas bookish types will be barely scraping by or starving.

I dare anyone on the site to even try to buy a load of bread with some crypto

There is a very high probability of a aolar flare happening in our lifetime and with it, internet funny money goes down the tubes. Crypto for drugs thats all its good for. This shit is less than worthless.

crypto currencies are designed to disappear with some keystrokes like a voting "glitch"...which some people believe is a thing!

and when your crypto disappears...who ya gonna call?

dont forget you would also have to take out the block-stream satellite constellations that are setup to keep working regardless of what is going on on planet earth
one interesting individual also started mining and creating off chain communication via short and long range radio waves

All it takes is one big enough solar flare pointed at earth to wipe them out. Nothing will be immune.

obviously in that situation it wouldn't matter what you had unless it was farmland water firearms cattle and crops

But bitcoin will hit $50,000 by sometime this year. Haven't you heard? And you can keep them is special wallets.

Yes but try to sell it for hundreds of millions of dollars in a hyperinflationary collapse

See the problem? Nothing will be priced in non tangible currency..you will have to exchange it with a volatile USD

You will know when the USD crashes, 1 BTC will buy what it bought 1 day after the USD crashes. The moments in between will be a stark raving terror for all.