3 ms·
except bitcoin.
by m00dy 4y ago
except bitcoin.
- wonderwonder 4y agoEven if I accept BTC, its pretty hard for me to buy food or gasoline with it.
- krzyk 4y agoIn case of larger catastrophe cash is as useless as bitcoin. You trade food for other things, eg. tools, liquor, cigarettes, bicycle etc.
- akvadrako 4y agoThere's a reason we moved away from the barter system. Cash would still be useful if it was rare and accepted by the government, though you should expect massive inflation. But something like gold would probably be a good contender as a new money.
- starkd 4y agoYes, the barter system damages any liquidity. You have to cease thinking in terms of any standard of value. Everything is this-for-that. Very hard to do on a large scale. I think the very concept of money would have to collapse.
- coldtea 4y agoYou can't eat bitcoin. So you have to exchange it for food. But unlike cash they don't accept it anywhere (and accepting cash everywhere is what this voting tries to keep a reality). Also you can't access it in places without internet access or electricity (e.g. during wartime or as a refugee on the go).