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.
You don't put everything you have into metals. You take care of everything else, such as the stockpile, etc., and then if you have more wealth, put that into metals.
After a collapse, it won't be barter forever.
If there is a collapse, the crypto disappears permanently, just like everything else on the systems.
If there is a collapse, the crypto disappears permanently, just like everything else on the systems.
You're right about everything except this. Do you even have the slightest understanding about technology, peer-to-peer, TCP/IP, ram vs disk etc or am I wasting my time explaining exactly how it would take an event bad enough to kill every human on earth before "crypto is gone forever".
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.
If you buy onl8ne,ya you can use crypto. Aint a brick and mortar store within 100 miles of me that takes make believe money. They all got atms to sell it to you fools though.
How much did crypto drop in the last couple weeks?🤣🤣🤣🤣
How much did crypto drop in the last couple weeks?
I'm still up 10 000%, with some loss for the purchase of a farm and some additional tools to live off grid. Sorry to disappoint you, seeing that you enjoy another mans loss. 🤣🤣🤣
How's your gold going? mine's only up about 25% in a couple of years.
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.
Are you really that obtuse?
Sure, your crypto will be “safe on your drive”… what happens when the whole infrastructure of the country fails?
You cannot use your crypto if there’s no power or no internet. Is that store clerk just going to trust that you have crypto on that flash drive.
Yet we have definitive proof RIGHT NOW of precious metals being used as money in a failed economy: Venezuela.
Where’s the news stories about people using their crypto now that the Bolivar has collapsed?
You’re the poster child for “can’t fix stupid”. 🙄
You're still not thinking long term.
You don't put everything you have into metals. You take care of everything else, such as the stockpile, etc., and then if you have more wealth, put that into metals.
After a collapse, it won't be barter forever.
If there is a collapse, the crypto disappears permanently, just like everything else on the systems.
You're right about everything except this. Do you even have the slightest understanding about technology, peer-to-peer, TCP/IP, ram vs disk etc or am I wasting my time explaining exactly how it would take an event bad enough to kill every human on earth before "crypto is gone forever".
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.
Any place that has a coin or bullion dealer.
If you buy onl8ne,ya you can use crypto. Aint a brick and mortar store within 100 miles of me that takes make believe money. They all got atms to sell it to you fools though.
How much did crypto drop in the last couple weeks?🤣🤣🤣🤣
Such as? and which store accepts it?
I'm still up 10 000%, with some loss for the purchase of a farm and some additional tools to live off grid. Sorry to disappoint you, seeing that you enjoy another mans loss. 🤣🤣🤣
How's your gold going? mine's only up about 25% in a couple of years.