Nobody really knows other than those major players involved in whatever plans are going on. Diversify your investments. Some stocks, some cash, some crypto, some metals and for when shit really hits the fan, the most important currency, ammo.
A: Crypto has been/will be cracked by the quantum computer that exists or will shortly. If you know Comp. Sci. then you know modern encryption is dead with QC
B: The gov't owns/has created crypto like they are known to have done(think the millions of BTC that have never left their original acct. or the TOR network which was created by the NAVY)
A: If a Quantum Computer comes online with the ability to crack SHA256 (or above), crypto is the least of our worries. The current market cap of crypto is ~$1.4T …. Peanuts. No, that computer will be used for much bigger things.
B: Govs are creating blockchain based crypto, well the Central Banks are really (CBDCs). DS agencies very likely created some of the current crypto, or, have infiltrated them. BTC? No .. it’s open source software, you can inspect it, and the Nodes runs the software (which actually validated the blocks mined), etc. Govs have no control on BTC. This is the beauty of Proof-of-Work…. Unlike Proof-of-Stake (whoever owns the most tokens, governs the network) — just like the fiat money printer.
C: McAfee is a smart dude, a little off kilter, aren’t all geniuses though?
Depends on how the economy croaks, because if we are talking about hyperinflation killing the economy, most banks run an extreme risk of going under. Most banks don't sit on large amounts of hard assets, but there are exceptions like JP Morgan Chase.
If we are talking liquiditity crash or bubble pop, then we will definitely see a repeat of 2008, where small banks and hedge funds go bust, and the big players hoover up the resulting mess of assets and liabilities, at wholesale prices.
And as for comms blackout, the general theory goes that it will be a limited time event, in response to blackmail being leaked out, not the multi-month/year event that both a recession or hyperinflation usually are. Crypto might be a victim, but not an intended one.
I've been wondering about that too and also if it would be better to move to a credit union instead of a bank. Hoping for some informative feedback on your question.
Nobody really knows other than those major players involved in whatever plans are going on. Diversify your investments. Some stocks, some cash, some crypto, some metals and for when shit really hits the fan, the most important currency, ammo.
My opinion = 3 options:
A: Crypto has been/will be cracked by the quantum computer that exists or will shortly. If you know Comp. Sci. then you know modern encryption is dead with QC
B: The gov't owns/has created crypto like they are known to have done(think the millions of BTC that have never left their original acct. or the TOR network which was created by the NAVY)
C: Crypto is as good as McAfee says it is.
Imo..
A: If a Quantum Computer comes online with the ability to crack SHA256 (or above), crypto is the least of our worries. The current market cap of crypto is ~$1.4T …. Peanuts. No, that computer will be used for much bigger things.
B: Govs are creating blockchain based crypto, well the Central Banks are really (CBDCs). DS agencies very likely created some of the current crypto, or, have infiltrated them. BTC? No .. it’s open source software, you can inspect it, and the Nodes runs the software (which actually validated the blocks mined), etc. Govs have no control on BTC. This is the beauty of Proof-of-Work…. Unlike Proof-of-Stake (whoever owns the most tokens, governs the network) — just like the fiat money printer.
C: McAfee is a smart dude, a little off kilter, aren’t all geniuses though?
Buy food, not cryptocurrency. A time will soon come when food will be worth more than gold.
Depends on how the economy croaks, because if we are talking about hyperinflation killing the economy, most banks run an extreme risk of going under. Most banks don't sit on large amounts of hard assets, but there are exceptions like JP Morgan Chase.
If we are talking liquiditity crash or bubble pop, then we will definitely see a repeat of 2008, where small banks and hedge funds go bust, and the big players hoover up the resulting mess of assets and liabilities, at wholesale prices.
And as for comms blackout, the general theory goes that it will be a limited time event, in response to blackmail being leaked out, not the multi-month/year event that both a recession or hyperinflation usually are. Crypto might be a victim, but not an intended one.
Crypto is not your friend.
If the shit hits the fan, I will homestead and barter my way forward.. Buy land learn a trade,
I've been wondering about that too and also if it would be better to move to a credit union instead of a bank. Hoping for some informative feedback on your question.