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If the dollar inflates to hell, I wouldn't lose much. I'd still have my skills, to work for a living. I'd still have my house, my car, my workshop, my tools, my
by rspeele 5y ago
If the dollar inflates to hell, I wouldn't lose much. I'd still have my skills, to work for a living. I'd still have my house, my car, my workshop, my tools, my computers, etc. Unless it's a total collapse I'll still have my stocks, too.
Preserving my wealth in the event of the dollar rapidly losing value is not a problem for me. I'm 90% OK on that front without even trying particularly hard to do anything about it.
What would be a problem for me, is that a failing dollar might be a symptom of the US government failing, in which case society would be falling apart around me. If basic services like roads, infrastructure, fire and police, electricity and clean running water aren't working properly nationwide, it's going to interfere with my life big time. Maybe directly, maybe indirectly: e.g. my grocery store has trouble restocking because the supply chain is not running smoothly. Bitcoin doesn't help me with that type of problem at all.
I'd be better off trying to keep my government functional by promoting and voting for good policies, staying involved at the local level, and generally acting as a participant in government rather than a subject of it. Playing John Galt and pretending that I'm just going to have my own safe little bitcoin world if our government fails, so I don't care and in fact assume that it WILL fail, would be both sickeningly cynical (regarding society's outcome) and naively optimistic (regarding my own outcome).