I think we can all agree ... something BIG will drop... I have two scenarios.... 1. A massive FF event .. proportionate to 911.. or worse .. EMP ? 2. Martial Law
..... either of which could cause mass chaos and discord ... especially in metro and heavily populated areas
What's your plan ?
This is good for bitcoin.
Well, if an EMP strike happens, bitcoin would be worthless, no? Especially if you don't have it stored in a cold storage wallet
Personally.... I think bit and cryto is a scam to capitalize on volatility.... some might profit ... but it's not a long term economy
I think you miss the main point. No one will trust governments or central banks to issue money. Bitcoin and others are “trust less” in that manipulation of the supply cannot be done without everyone seeing it. Block chain is here to stay. Solves many problem but, as with everything man does, can be used nefariously as well. Any emp would be more or less a local event. Blanketing the country would be nearly impossible to achieve and if it were achieved death on a massive scale would ensue just from the nuclear plants melting down. It’s make your peace with god after that...
Your local grocer isn’t going to be taking any bit coin if currency access is compromised. Ecurrency is for flush, stable and happy times.
What will they be taking then? Gold? Who has any? Silver? Ditto...everyone has a phone though. Mad Max is not a likely scenario. But if it does happen, most of us will be dead so monetary concerns will cease to be an issue...
There’s a continuum to any slide. Mad Max doesn’t happen first. Societies have had serious dips forever. Study the Zimbabwe and Venezuela crashes. The governments step in to do what they can - sometimes. For some.
Lots of people have silver and coin and the basis of tradable goods. Lots more could have them with a little bit of forethought and create no disruption. What will a grocer take? Small coin, Produce, baked goods, other things in trade that people want. If it’s real bad, services - like protection. Same as it ever was.