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?
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/