As the saying goes, "You can lead a horse to water,..."
We are already there with fiat.
https://www.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
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Gold vs Bitcoin
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As the saying goes, "You can lead a horse to water,..."
We are already there with fiat.
https://www.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
As I previously said BTC is an alternative to cash, just like gold is.
In your scenario of electric grids and all things electronic being shut down I suppose you then dig up your buried gold bars and lug one down to the local 7-11 to buy a big gulp huh?
Sort of......
Only two little corrections. I will SHAVE some gold ( or silver) coins and buy a week of supplies at the BLACK MARKET.
True about black market in your scenario rather than 7-11.
But rather dubious someone, other than the desperate type, would take your word that shavings are the real deal. Might have to pull out your trusty AR to convince them.
In a society like that everyone would have the nitric acid test kits to test gold purity.
For now it is all speculation. Nobody can predict with 100% certainty what will happen. I believe that at the very end precious metals will come back again. But I may be wrong, who knows......time will tell.
Oh sure everyone lol.
No electricity, no web, no nothing ... but nitric acid test kits.
https://market-ticker.org/akcs-www?post=236425
If you are not afraid of getting out of your "comfort thinking zone" take a look on the link above specially the comments. karl Denninger can be a big pain on the neck sometimes but he can also ( sometimes) bring some important points up. Again pay a lot of attention to the comments. Thats where some really important stuff about the situation and events which will bring cryptocurrencies and a cashless society are discussed.
If you are not afraid of getting out of your "comfort thinking zone" take a look on the link above specially the comments. karl Denninger can be a big pain on the neck sometimes but he can also ( sometimes) bring some important points up. Again pay a lot of attention to the comments. Thats where some really important stuff about the situation and events which will bring cryptocurrencies and a cashless society are discussed.
You’re conflating bitcoin, cryptocurrencies and fiat policy all together.
The term is pre-coiner.
That website looks like it’s still stuck in the ‘90’s.
Would a "cuter" site with no content suits you better? I think I know the answer.......