Are you ready to move back to a pre 1800 society right now? If not you need an alternative digital currency beside whatever you choose as physical currency.
What about electricity? You gonna drive into city every month, find a parking space, walk to the (((bank))), then get fucked over, pay 50% in fees only to pay your electric bill? Why not stay at home, make a digital payment with crypto, without middlemen involved?
Cuz government don't need to know where my money comes from or where it goes.
At this point in history,crypto make absolutely 0 sense.what are you gonna do when the lights or internet go out fir an extended amount of time???? Gonna hope a cashier believes you have the money 8n the 6 month old screenshot you're showing them?🤣🤣🤣🤣
The largest silver hoards are JPMorgan's silver depository for COMEX (50% of world's supply of silver bullion) and ETF iShares SLV stockpile (BlackRock). Central banks hoard 1/5 of the mined silver each year. I agree that fiat should not be used, but if the silver market is cornered and controlled to the degree that it is currently, how is that going to be a fair solution?
Decentralized cryptocurrency is a solution to this since there can be a finite supply, unlike precious metals whose mining market can be cornered. It eliminates the need for a bank. Transactions can be made instantly to anyone who has an internet connection. The blockchain can not be hacked and so your money is totally safe, apart from user error, if you take it off an exchange and keep it in cold storage.
At this point in history, the lights and internet don't go out for an extended amount of time often and crypto is always going to survive as long as the internet exists somewhere on planet earth. Now, if you're truly afraid of a global SHTF scenario, what the hell is any currency, gold, silver, cash, or crypto going to do for you?
But cold hard cash relies on make believe numbers in fairy tale land. That's what the FED does with inflation. They take value out of your cash every time they print more.
Unless you avoid online banking and use cash for everything, electronic fiat funds are tracked by banks and credit card companies. Monero (a cryptocurrency) allows complete anonymity while making purchases online.
Because all the things you just said is built on centralization, i.e taking the control away from you. And that's the real issue, not the fact that something is digital or physical.
Cash is just as bad, it takes control away from you in contrast to precious metals.
Where do you currently pay with silver and gold? I haven't found a single pace that takes it yet. See the problem here, as long as there's no support for silver and gold in the infrastructure, no place will accept it, not even after a power outage. It all goes black and you'll find yourself having to live on what you have while fending of a herd of unprepared zombies.
I'm well aware that crypto will be unuseable in a SHTF situation, are you aware that your gold and silver will too? In fact we already had outages during last years cyber attacks here in cashless hell. Cash and gold didn't help. The stores closed down completely for days.
"Days"? That's not nearly long enough for society to return to the real money of gold and silver. You already have 90% of store clerks not being able to accept a genuine $2 bill.
Gold and silver are a store of value. They don't disappear when the electricity goes out.
Neither does crypto, it stays safe on the drives, just like every other file. Only with thousands of copies spread across the world.
Still, if nobody accepts it as medium of exchange, it's essentially worthless. And at some point the society will rise again after collapse, but nobody knows how long that's gonna take... why would you need a "store of value" that's temporary worthless in such event?
Why not prepare production wise, by say having many chickens. Then once the society recovers, you can sell eggs and get anything you might need in a post apocalyptic society in exchange. Bartering will be how we trade after a collapse.
And soon as we get computation, power and connectivity up again you'll have access to your crypto once again too.
Wrong, I pay everything with crypto, you're just in the wrong place. Now to be fully fair with you, name one place, anywhere in the world where you can live and pay 100% of your purchases with silver, gold or any other precious metal.
And get robbed by road pirates who knows you have silver coins on you.
Oh no. The horror. Actually buying local, when you have a physical medium of exchange.
"Actually get shit done"... you know it'll take you a day or two to walk to the next village... without power you can't pump gas into your car. What's wrong with you people, you think only certain electronic things will be affected by a power outage? no everything goes down. Straight back to the 1800 century.
You either have power or you don't, now which one is it?
With power and a functional market there is no problem to use digital payments.
Got it? Good, now tell me more about the world without power, how exactly do you expect to pay for shit you need with silver if the power goes out tomorrow. You won't even have a market, are you gonna bribe the guy trying to rob you for food?
And those generators can't spare a few watts for a device capable of receiving crypto? Funny how the narrative always changes to fit the anti-crypto agenda. What is your point? Assuming there's still power, what would stop you from doing a local peer-to-peer payment? there's plenty of transfer options.
Bank transfer and card won't work tho because you need internet connectivity for that all the way to the banks central servers.
You must be a (((banker))), there really is no contradiction here. I care about one thing only, control over my own money. Something both precious metals and crypto will provide.
I don't expect any of these to be functional or hold value in case of a power outage. I hold them as a store of value, and to buy shit I need right now, while we still have a functional market.
How are you gonna survive, if all you have is a pile of silver coins, no guns, no food, no farmland?
Are you ready to move back to a pre 1800 society right now? If not you need an alternative digital currency beside whatever you choose as physical currency.
What about electricity? You gonna drive into city every month, find a parking space, walk to the (((bank))), then get fucked over, pay 50% in fees only to pay your electric bill? Why not stay at home, make a digital payment with crypto, without middlemen involved?
Cuz government don't need to know where my money comes from or where it goes.
At this point in history,crypto make absolutely 0 sense.what are you gonna do when the lights or internet go out fir an extended amount of time???? Gonna hope a cashier believes you have the money 8n the 6 month old screenshot you're showing them?🤣🤣🤣🤣
I'll stick with my silver and gold.
The largest silver hoards are JPMorgan's silver depository for COMEX (50% of world's supply of silver bullion) and ETF iShares SLV stockpile (BlackRock). Central banks hoard 1/5 of the mined silver each year. I agree that fiat should not be used, but if the silver market is cornered and controlled to the degree that it is currently, how is that going to be a fair solution?
Decentralized cryptocurrency is a solution to this since there can be a finite supply, unlike precious metals whose mining market can be cornered. It eliminates the need for a bank. Transactions can be made instantly to anyone who has an internet connection. The blockchain can not be hacked and so your money is totally safe, apart from user error, if you take it off an exchange and keep it in cold storage.
At this point in history, the lights and internet don't go out for an extended amount of time often and crypto is always going to survive as long as the internet exists somewhere on planet earth. Now, if you're truly afraid of a global SHTF scenario, what the hell is any currency, gold, silver, cash, or crypto going to do for you?
I highly recommend this video. Lots of great info on the basics of decentralized cryptocurrency: https://www.bitchute.com/video/jUQ8XJzsmLf7/
Sorry but i want cold hard cash in my hand.not some make believe numbers in fairy tale land.
I want complete privacy.
But cold hard cash relies on make believe numbers in fairy tale land. That's what the FED does with inflation. They take value out of your cash every time they print more.
Unless you avoid online banking and use cash for everything, electronic fiat funds are tracked by banks and credit card companies. Monero (a cryptocurrency) allows complete anonymity while making purchases online.
^^^Exactly.
Why is this such a hard to understand concept?
"Why do I need cash when I can use my phone?"
"Why do I need a car when there's Uber?"
"Why is my venmo/cashapp getting taxed over $600?"
https://i0.kym-cdn.com/photos/images/original/001/330/809/d90.png
Because all the things you just said is built on centralization, i.e taking the control away from you. And that's the real issue, not the fact that something is digital or physical.
Cash is just as bad, it takes control away from you in contrast to precious metals.
Dependency is the real threat.
Where do you currently pay with silver and gold? I haven't found a single pace that takes it yet. See the problem here, as long as there's no support for silver and gold in the infrastructure, no place will accept it, not even after a power outage. It all goes black and you'll find yourself having to live on what you have while fending of a herd of unprepared zombies.
I'm well aware that crypto will be unuseable in a SHTF situation, are you aware that your gold and silver will too? In fact we already had outages during last years cyber attacks here in cashless hell. Cash and gold didn't help. The stores closed down completely for days.
"Days"? That's not nearly long enough for society to return to the real money of gold and silver. You already have 90% of store clerks not being able to accept a genuine $2 bill.
Gold and silver are a store of value. They don't disappear when the electricity goes out.
Neither does crypto, it stays safe on the drives, just like every other file. Only with thousands of copies spread across the world.
Still, if nobody accepts it as medium of exchange, it's essentially worthless. And at some point the society will rise again after collapse, but nobody knows how long that's gonna take... why would you need a "store of value" that's temporary worthless in such event?
Why not prepare production wise, by say having many chickens. Then once the society recovers, you can sell eggs and get anything you might need in a post apocalyptic society in exchange. Bartering will be how we trade after a collapse.
And soon as we get computation, power and connectivity up again you'll have access to your crypto once again too.
Aint no place accepting crypto either.whats your point?
Wrong, I pay everything with crypto, you're just in the wrong place. Now to be fully fair with you, name one place, anywhere in the world where you can live and pay 100% of your purchases with silver, gold or any other precious metal.
And get robbed by road pirates who knows you have silver coins on you.
Oh no. The horror. Actually buying local, when you have a physical medium of exchange.
"Actually get shit done"... you know it'll take you a day or two to walk to the next village... without power you can't pump gas into your car. What's wrong with you people, you think only certain electronic things will be affected by a power outage? no everything goes down. Straight back to the 1800 century.
Lol, you're not even trying.
You either have power or you don't, now which one is it?
With power and a functional market there is no problem to use digital payments.
Got it? Good, now tell me more about the world without power, how exactly do you expect to pay for shit you need with silver if the power goes out tomorrow. You won't even have a market, are you gonna bribe the guy trying to rob you for food?
And those generators can't spare a few watts for a device capable of receiving crypto? Funny how the narrative always changes to fit the anti-crypto agenda. What is your point? Assuming there's still power, what would stop you from doing a local peer-to-peer payment? there's plenty of transfer options.
Bank transfer and card won't work tho because you need internet connectivity for that all the way to the banks central servers.
You must be a (((banker))), there really is no contradiction here. I care about one thing only, control over my own money. Something both precious metals and crypto will provide.
I don't expect any of these to be functional or hold value in case of a power outage. I hold them as a store of value, and to buy shit I need right now, while we still have a functional market.
How are you gonna survive, if all you have is a pile of silver coins, no guns, no food, no farmland?