No power, societal fabric is breaking down, credit cards don't work.
Assumption: people will accept crypto at any value.
Reality: people will barter for tangible items and use force to maintain their desired order. If I'm auctioning a spare 10kw generator the guy offering a 5.56 rifle and 100 rounds has infinitely more value than 100k bitcoins (~$5,000,000,000.00)
Maybe this fantasy can play out if the person you're bartering with knows a lot about bitcoin, knows that the disaster is localized, and knows that they can escape and survive the disaster zone without the tangible alternatives. That's a lot of assumptions. You're better off hoarding 9mm bullets, water purification tabs, generators, trucks without electronics and their repair parts, solar panels, deep cycle batteries, gasoline/diesel, bullet proof vests, and MREs. But at that point any substantial tradeable stock pile is going to cost as much or more than a well designed bunker stocked to run and survive independently for >10yrs. You won't make any money during the disaster, and you must survive it to have the opportunity to be robbed before you can start to realize gains during the aftermath/rebuild period.
Right I think that will happen as well, I am interested in better price discovery instead of arbitrary barter.
I will support the cause to build the infrastructure for better price discovery. Transactions can be broadcast to the chain which is supported by an asset with many assurances and confidence about its supply.
I don't actually care about the cryptocurrency being a reserve currency or any ideology fantasizing that, I care about its network being an option to support better price discovery in barter.
I legitimately do not understand what you're getting at.
Society collapses, and you believe people will use cryptocurrency for barter instead of tangibles like water, food, ammunition and/or weapons because people will want to optimize the prices? What are you saying?
that they'll use it for easier reference value and an option, yes
if its easier for you, just imagine that its for the monocle wearing investment bankers that still want to offer intangible services and settlement over a network
No power, societal fabric is breaking down, credit cards don't work.
Assumption: people will accept crypto at any value.
Reality: people will barter for tangible items and use force to maintain their desired order. If I'm auctioning a spare 10kw generator the guy offering a 5.56 rifle and 100 rounds has infinitely more value than 100k bitcoins (~$5,000,000,000.00)
Maybe this fantasy can play out if the person you're bartering with knows a lot about bitcoin, knows that the disaster is localized, and knows that they can escape and survive the disaster zone without the tangible alternatives. That's a lot of assumptions. You're better off hoarding 9mm bullets, water purification tabs, generators, trucks without electronics and their repair parts, solar panels, deep cycle batteries, gasoline/diesel, bullet proof vests, and MREs. But at that point any substantial tradeable stock pile is going to cost as much or more than a well designed bunker stocked to run and survive independently for >10yrs. You won't make any money during the disaster, and you must survive it to have the opportunity to be robbed before you can start to realize gains during the aftermath/rebuild period.