This is an archived post. You won't be able to vote or comment.

16
17

Amateur Gold/Currency Collapse Question (self.preppers)

Fighter9595 が 投稿

並べ替え:
ベスト
トップ新着論争中古い順Q&A
あなたは単独のコメントのスレッドを見ています。

残りのコメントをみる →

[–][deleted] 0ポイント1ポイント  (14子コメント)

Look into /r/bitcoin. A lot of people mock the concept and shut down the thought immediately, but I'll bet at least a few of them are rethinking their words right now.

[–]krunch360 6ポイント7ポイント  (10子コメント)

Yea, but bitcoin is an Internet based currency. If they wanted to, they can shut it down any second and all your bitcoins would not matter. Physical currency, such as gold and other precious metals can be traded and used in barter.

[–]UmbrellaResearchCorp 1ポイント2ポイント  (5子コメント)

This. +1

Bitcoin is entirely dependent on there being electricity around. Therefore it is fundamentally flawed at even the most basic of levels. Bitcoin is nothing more than a fad. People that think it can and should actually replace a physical currency are deluded, to be honest.

Bitcoin should be treated as any other fad: Buy low, sell high. But I guarantee you that in 100 years, no one will even know what bitcoin was. It certainly cannot withstand the test of an economic collapse.

[–]SoCo_cpp 2ポイント3ポイント  (0子コメント)

SD Cards, paper wallets, QR codes in snail mail, radio communication, and the conceptual Bitcoin via carrier pigeon.

But yeah, unless you and people you want to exchange crypto currency with all have power via solar or generator, Bitcoins will only reasonably be a reliable, unbreakable, store of wealth for later.

[–]voicesinmyhand -1ポイント0ポイント  (3子コメント)

In all fairness, bitcoin is based in math, and can be performed (albeit laboriously) with pencil and paper.

[–]UmbrellaResearchCorp 4ポイント5ポイント  (2子コメント)

You're not serious are you? This is a comment like those that put out the statement: "well the sun will burn out in a few billion years or so, so TECHNICALLY, it's not a completely renewable resource.".

I mean, let's be real here.

[–]voicesinmyhand -4ポイント-3ポイント  (1子コメント)

No, I'm not serious (hence the laborious note), just pointing out that electricity isn't required. If you are seriously bored and have advanced math degrees, then you too can successfully barter post collapse with bitcoin.

[–]UmbrellaResearchCorp 2ポイント3ポイント  (0子コメント)

How long would that take? Probably too long to be realistic at all. Plus no one would really be able to do it so it wouldn't be a currency in use.

What is 'technically' possible, and what is 'realistically' possible are two entirely different animals. And realistically, bitcoin is a scam, or at best, just another commodity that will have an exchange rate in an actual currency.

No electricity = no bitcoins = not durable = not a currency/money.

[–][deleted] 0ポイント1ポイント  (0子コメント)

Feel free to not buy into it. But seeing as you can buy as little as you want, it seems foolish to not at least throw $5 at it.

Shit, might be the best lottery ticket you ever buy.

Edit: downvoted. Alright, try putting your wealth into China's stock market, they're doing phenomenal right now.

[–]Dyran504 0ポイント1ポイント  (2子コメント)

Bitcoin can work over short wave radio... also it is decentralized, so there is no central point of failure or corruption.

[–]krunch360 0ポイント1ポイント  (1子コメント)

And u know because you made it?

[–]Dyran504 0ポイント1ポイント  (0子コメント)

no I haven't tried it before, but technically it can even work over morse code.

[–]Dyran504 3ポイント4ポイント  (2子コメント)

I second this, but like /u/umbrellaresearchcorp is saying. It depends on the type of collapse. Bitcoin will either succeed or die, but if it works just one Bitcoin could be a worth fortune. If it dies, no big deal 270$ down the drain.

[–]SoCo_cpp 1ポイント2ポイント  (0子コメント)

Bitcoin is world wide and all the world is leaking its fiat into Bitcoin. A US citizen could store much wealth in Bitcoins without power indefinitely and recover this wealth when connected back to the rest of the world continuing the Bitcoin network. Long term storage of Bitcoin is safest in cold storage, such as an SD card, USB drive, or paper wallet any ways.

[–][deleted] 0ポイント1ポイント  (0子コメント)

Exactly. Might be nothing, might be the next Apple.

Seems stupid not to at least put my foot in the door.