As energy has a usefulness and intrinsic value that even gold lacks. It could be traded anonymously like cash like batteries as dollars or as energy storage and quick and efficient transfers becomes smaller and more convenient. Im thinking specifically electrical energy with batteries and capacitors but even gas could be used.
It could be created by individuals with solar panels or bike mounted generators. It could be stored as potential energy in large amounts as heat or pressure and then converted back to electrical energy when needed. It could be networked for large transfers. There could even be large banks that hold energy as a business, but they would not be able to lend more than they hold. Private individual energy storage would be the most secure from government or other seizure obviously.
Wheres the flaw?
Bitcoin can be seized and cant be traded anonymously though, right?
Yes and no. Reread the fed seizing gold from the American people.
The bulk stolen was stored in safety deposit boxes in banks. Keeping your crypto in an exchange, the exchange can get robbed. Keeping it in a hard device, your device can get stolen.
Hacking a password is as simple as torturing someone for a password or pin.
It can't be seized unless it's on an exchange or if they confiscate your pass phrase for your cold storage wallet.
Sure it can be tracked by the wallet addresses, but because anyone can create a wallet address it's highly impractical to track it. Plus, there are ways to anonymize bitcoin transactions.
Ok thats cool, i dont understand bitcoin completely yet.
I do have an issue with the lack of intrinsic value still though. If shtf youre holding 1’s and 0’s instead of something you can do something with.
The only way Bitcoin becomes 'useless' is if the entire world's internet infrastructure is permanently destroyed. At that rate you might as well go Amish, which I guarantee 99% of people on here are not prepared for.