When Trump and the White Hats have us transfer over to a “people’s economy” whether that’s gold backed or something else, what happens to our money? Our bank savings, our investments, even whatever cash savings we have on hand?
Would a lot of people be screwed over if they weren’t prepared like some other might have been by holding gold/silver? Their stocks, 401Ks, long term investment funds?
Would we file some sort of report of those lost savings and investments in the crash and get the equivalent amount in the new currency? Hand in all their now worthless fiat currency for the new gold backed currency? I’m sure the WH have some sort of financial safety net plan in place for the people right?
I'm thinking it will coincide with an EMP, either man made or solar event online with the 1859 Carrington event. In a flash internet will be gone as well as all electronic banking, stock market, digital currency. Physical will be the only thing of value. Where will you go to reclaim "lost assets"? but but...my bitcoin!
So to confirm, you’re saying the entire world will suffer an EMP type event at the same time?
Oh boy.. bullets, food and water may be only thing of value then. Not shiny rocks either.
Not initially. More like a series of events increasing in intensity as we approach nova. By mid-cycle 26, 6 or 7 years from now, the polar magnetic excursion will be common knowledge as the field weakens. By 2032-35 power grids will be getting fried by high M class / low X class flairs. My guess is the last 10 years, 2036 to 2046 will see very high solar activity and a fast-declining magnetosphere. During this time there will be no functioning power grids above ground.
Ok , so the thing about Bitcoin going down/away in the way you describe is the entire world would need to go out at the same time or because of its decentralized consensus it will just keep going and when you eventually get back online all your Bitcoin will still be there
Even if a scenario where most of the world went offline and someone decided to use the window to do a 51% attack, because of the blockchain, people would just agree on a date pre-EMP to restore it to and continue from (undoing the attack).
So to answer your original question where you’d go to claim your lost assets? Your wallet
Ah, but what if you lose your device in the chaos of its fried? Screwed right?
Nope. Your recovery phrase is all that needed to get back everything you own.
Try doing that with gold you dropped somewhere along the way becuase you had to move quickly like your life depended on it :)
"you eventually get back online all your Bitcoin will still be there"...hmmm...there will be no power grid...lack of internet will be the least of folks problems
maybe they know that we're overdue for a solar flare impact like the Carrington event. Just killing time until then which is a forced reset. Could be
I think there will be some significant flaring as cycle 25 ends over the next 2.5 years. Solar cycle 26 will involve multiple "Carrington events". By the end of cycle 26 there will be no surface power and most structures that had power will have burned. This is the reason for depopulation. Solar cycle 27 will be the last. Those folks who make it that far will be deep underground already in preparation for the 2046 nova event...E.L.E. ...back to the bronze age. The surface will be uninhabitable for several generations but for short excursions. How many bitcoin you once had will only matter if you used it to create underground survival shelter...like Bezos, Musk, and other power elite are doing now. Unfortunately, NCSWIC.
You sir are a man who has done his research. Can I ask though why it will be in cycle 26 or 27 - who should I be reading - suspiciousobservers? Thunderbolts? Plasma universe?....