by careinke » Mon 10 Apr 2023, 05:01:43
$this->bbcode_second_pass_quote('Makati1', 'D')on't forget, crypto relies on the internet. When the SHTF, the internet will be the first to go for common people like you and me. Loss of electric will do the same. Just another form of fake 'money' only fools rely on.
The SHTF moment may not be far away with the insane US beating on the bear and dragon daily. If you don't hold it in your hand you don't have/own it. Barter in necessities may be the only way to survive, not internet digits.
Well if the SHTF moment is a full on Nuclear Exchange, due to my location, I will experience a quick and painless end. So I don't worry about it because I have no control over it.
If it is an EMP attack and takes out the U.S. internet along with cars, airplanes, and boats, I still have my Bitcoin because it isn't on the Internet. The BTC blockchain continues to run as long their are miners operating anywhere on earth thanks to BTC decentralization, unlike CBDC's which are centralized.
So worse case I can't use my BTC for a while, but it is still there.
Finally, BTC is only one of my preps, I have many others.
Right now I'm concentrating on making our beach property and Son's property have regenerative soil and actually sequester carbon from the atmosphere for the at least the next 100 generations by making biochar. I figure it will take about two years to complete, maybe less with the help of worms, chickens, ducks and other animals.
Peace