If they know you have wealth and you don't turn it over it doesn't matter if it is physical or crypto, they'll treat you the same. I agree that crypto is safer from theft, but you're relying on a lot of technology remaining available to use it.
That's why I'm only for privacy coins like Monero.
If technology goes in to the crapper don't expect stores to be open. There aren't enough cashiers that can count change.
But I can go to my local farmer/butcher, or pay a laborer with the right metal. He can spend that metal to buy firewood or heading oil. Can you do that with crypto? Send it via Bluetooth and charge your device with solar I guess?
I never said you should not to have anything to barter with in an apocalypse.
I'm saying crypto can protect you from theft and government overreach where physical items cannot.
Which is more prevalent? An apocalypse or a greedy government?
I don't think you understand how crypto wallets work.
You have to enter your password to use it. If you close it or it times out, it's no good to anyone.
You can uninstall it and access your wallet at a later date as the wallets still exist without the client.
You can have multiple wallets.
If you believe you will be tortured you can create one with little or no money in it to surrender.
If they seize your device assume that device is compromised and go get a new one.
Or you could just go bury your physical money or currency in your back yard. I'm sure nothing bad will happen to you or it...
If they know you have wealth and you don't turn it over it doesn't matter if it is physical or crypto, they'll treat you the same. I agree that crypto is safer from theft, but you're relying on a lot of technology remaining available to use it.
Don't put all your eggs in one basket. You'll need barter material. But as a store of wealth, crypto has a lot of advantages.
That's why I'm only for privacy coins like Monero. If technology goes in to the crapper don't expect stores to be open. There aren't enough cashiers that can count change.
But I can go to my local farmer/butcher, or pay a laborer with the right metal. He can spend that metal to buy firewood or heading oil. Can you do that with crypto? Send it via Bluetooth and charge your device with solar I guess?
I never said you should not to have anything to barter with in an apocalypse. I'm saying crypto can protect you from theft and government overreach where physical items cannot.
Which is more prevalent? An apocalypse or a greedy government?
Have you heard about Litecoins new Mimblewimble? It's supposed to make Litecoin like Monero
https://coinmarketcap.com/alexandria/article/what-is-mimblewimble
https://www.altcoinbuzz.io/cryptocurrency-news/4-advantages-of-mimblewimble-the-latest-litecoin-upgrade/
Hacks/keyloggers...
Hello 1999, Is your password PassWord! or WassPord?
Just get a hardware wallet and carry it on you at all times or keep it in a place no one else knows or can seize it.