"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".
"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'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".
I know about tech. I built the computer I'm typing on now.
You won't have the entire blockchain stored on a hard drive hidden in your closet when a collapse occurs.
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 going to have to clean that up if you want your post to be seen.