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When normal money has failed good luck finding a wall charger to get into your Bitcoin wallet. Or more precisely the thing that makes electricity and computer h
by injidup 5y ago
When normal money has failed good luck finding a wall charger to get into your Bitcoin wallet. Or more precisely the thing that makes electricity and computer hardware cheap and which is a prerequisite for crypto is a functional economic system. It is unlikely that a functional economic system will stay a whilst there is at the same time a collapse in fiat and a subsequent rise in crypto. It feels like wishful thinking.
- wyager 5y agoCurrency collapses happen all the time without bringing down the electrical grid/internet.
- shkkmo 5y agoWhat are you talking about? We have never seen the collapse of all fiat currencies nor even the collapse of a single major fiat currency.
- crispyambulance 5y ago… and crypto fluctuates wildly all the time, with the electricity on for no reason whatsoever other than random whims of speculative investors.
- yunohn 5y agoThis is exactly what I don’t understand about the doomsday crowd. How exactly do they plan on using crypto amidst worldwide pandemonium?
- crispyambulance 5y agoThey think they’ll be able to exchange their funny money for real money, just in time, and stash it in their bug-out bags along with bullets and beef jerky.
- rantwasp 5y agoyou’re thinking of “normal money” failing as a on/off switch. Things are going degrade over time and there needs to be mass adoption if crypto is going to replace fiat currency. so in reality I think a transition to crypto is possible/likely if it’s indeed a transition and the incentives to do so will be aligned with what the people in power want.