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In such a scenario, bitcoin will have no value. Localized disasters occur more frequently than one would expect, and in such disasters, a pure barter economy ex
by oflannabhra 8y ago
In such a scenario, bitcoin will have no value. Localized disasters occur more frequently than one would expect, and in such disasters, a pure barter economy exists.
During the Bosnian War, things that became highly valuable were: bullets, liquor, antibiotics, lighters, and of course food [0]. Bitcoin, or any other currency, was the last thing on anyone’s mind.
[0] - http://www.shtfplan.com/emergency-preparedness/a-survival-q-a-living-through-shtf-in-the-middle-of-a-war-zone_10252011 http://www.shtfplan.com/emergency-preparedness/a-survival-q-...
- oflannabhra 8y agoI'd also make the comment that the parent was suggesting a world-wide scenario. If such a scenario were localized, Bitcoin would make a lot of sense, assuming migration were a possibility (that is not always the case, as in the Bosnian War). An example of this would be the current situation in Venezuela.