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"the only money I have, or anyone else will accept broadly enough to keep me able to exchange in the market, is bitcoin" Virtually nobody really "takes" bitcoi

"the only money I have, or anyone else will accept broadly enough to keep me able to exchange in the market, is bitcoin" Virtually nobody really "takes" bitcoin, it just seems like they do because they are using a 3rd party service which abstracts those transactions into USD for them. How long this sort of acceptance would last if the USD tanked is left as an exercise for the reader. As goofy as I think it is that people speculate in gold as a good "collapse" currency, at least if a US Dollar destroying event takes place gold will still be shiny, whereas good luck trading bitcoin when the power and wired networking infrastructure is no more.

zanny 12y ago
> when the power and wired networking infrastructure is no more. There is a plethora of point to point networking protocols, and solar panels exist. If it looked like there was a chance of USD collapse, I'd go buy some, and move somewhere without anyone around to riot and destroy my stuff and stab me. Preferably somewhere that is not the US, if I could get away with it at that point. But honestly, that won't happen, at least any time soon to even fathom worrying about it. The US economy is too entrenched in global politics and economics to just fall over because of bad fiscal policy. I mean, we have already had bad fiscal policy for forty years! What is another few decades?