You can't have communism without central authority. Someone has to decide what the others' "needs" and "abilities" are.That is not communism, it is a dictatorship.
You can't have communism without central authority. Someone has to decide what the others' "needs" and "abilities" are.That is not communism, it is a dictatorship.
False. The internet just makes it easier, which is true of a lot of things.Bitcoin is dependent on the internet.
It is electronically stored but it is distributed so the whole world would have to be blacked out for Bitcoin to disappear. If you have your keys on a USB and you make it to an area where there is an active node, voila!Explain this
First it says: "The best way to ensure future safety in uncertain times is to channel electronically stored savings into durable, tangible assets."
Then is lists under "Things of real value" a bitcoin wallet.
If a bitcoin wallet is not "electronically stored savings" I don't know what is!
I think that should be listed under " Things that will be (mostly) useless in an apocalyptic collapse"
False. The internet just makes it easier, which is true of a lot of things.
My primary tangible asset is land. That should be every prepper's priority. Land and the means to defend it and the tools to work it. Gold and silver will always have value. Cash, credit cards and crypto depend on faith. Faith in a system that may fail.
So now I know you're approaching this argument dishonestly. Meaning I probably shouldn't bother to go on but I like to give people second chances. The list you're kvetching about didn't say Bitcoin would be useful as money for small purchases in a crisis. It said it was a "tangible asset."When SHTF and the electricity goes out, my corner gas station will use its generator to pump gas. How do I pay for it using bitcoin?
Perhaps I will. What's the magic word?OK, the school me.
Agreed. Finding and buying it is not exactly easy though.My primary tangible asset is land. That should be every prepper's priority.
What does crypto require faith in?crypto depend on faith
If there is no Internet, with no means of synchronizing nodes, I see a serious problem.But anyway it would be a boatload easier to buy gas with bitcoin in your scenario (where there is a generator on-site) than to use, say "museum-quality art". Unless this gas station also has a resident art appraiser? And did you want to trade your "Night vision equipment" for gas? I mean, maybe, but again the article wasn't talking about money for small transactions but tangible assets.
I wrote a long answer but I realized I would be wrong to post it all. Maybe if you come another step or two.If there is no Internet, with no means of synchronizing nodes, I see a serious problem.
What's to keep me from making multiple copies of my wallet and spending the same bitcoin on every local node?
I agree. Which is why I didn't suggest it. It's also why that article didn't suggest it I think. Seems that you haven't read either.Thinking some small retailer in a sparsely populated rural area is going to take bitcoin when SHTF is just about the most fanciful thing I have ever heard.
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