Bitcoin Forum

What do we think of a time that may come when the fate of human survival will depend only on using cryptocurrency for buying and selling, because mankind may soon find Fiat currency is obsolete or of no value in their current environment perhaps due to world earth crisis or pandemic or war .

Your opinion is valid!

It's not impossible. Coming from rocks, and seashells, to metals, precious metals, now with coins and fiat money. Cryptos are even called nowadays as 'smart money' so, there is a possibility that in the future many are heavily reliant to crypto for purchases. But, I don't think that most of the countries are going to let go with their currencies, they might go digital wholly but that's still going to be reliant to the government's standard and not with crypto nor Bitcoin. However, we're starting to see the impact that Bitcoin is doing in the fintech.

Trading them is never going to be essential for survival. But mode of transactions from fiat to complete crypto is possible in far future. By that time most of the economic systems would have been made such that crypto would be regularly used by everyone. It would never be a drastic change but small changes over the years and not something to worry about right now.

Do not forget that in bare minimal survival, internet is not going to work, so crypto will not work either and fiat or lesser than fiat modes of transaction would gain priority NOT bitcoin.

For now just focus on accumulating more and more crypto.

People apparently forget that if something very bad happens, whether it is a global war or a major natural disaster, we can expect that there will be serious disruptions in communication or, better said, an interruption of the internet. If that happens, the things that will be most valuable will be food, drinking water, and medicine, and of course, means of self-defense.

Of course, we should not be pessimistic, just realistic and prepare in time for every possible scenario.

People forget history like it was nothing but they repeat it constantly and they make the same mistakes over and over again. War it's a situation that doesn't leave anything untouched and nothing can work properly. I agree with what you said about basic things that will be missing and digital currency is not among them. However, I disagree that you can be prepared for such thing unless you are living already in a war zone country. Even in this case, getting things for your survival isn't preparation.

I think that Internet provision for the smooth and efficient functional performance of the blockchain network has been mastered to the heights where an individual can singlehandedly provide their own network without any reliance on big internet providers in the region.

 Just like how starlinks made personal internet possible, so others have done and the fears of having to lose every Bitcoin or crypto currency to loss of Internet service at a very demanding time is quite bleak.

There may be some misunderstanding here, but you can't have your own internet if the global internet is down - nor can satellite internet function if there is no uplink from the surface of the earth to the satellites that transmit data. In other words, if someone were to destroy what is called the  Ground Station (https://starlinkinstallationpros.com/starlink-ground-station-backbone-of-satellite-internet/), all those satellites would become worthless.

True but to have internet, it must exist. If it doesn't exist then how?


Sorry but what do you mean by "made personal internet possible"? When and how exactly?

Sorry, but it's nonsense and it's strange to see it coming from Sr. Member.
I'm wondering what makes you to think that fiat may become obsolette and that human survival will depend on cryptocurrency. It doesn't makes sense. Having cryptocurrency only you have to rely on internet and electrocity. You lose access to one of these things and basically you're done.

You don't even need apocalyptic scenario. Outage of some IT systems or big scale hacker attack would be enough to make huge problems. Remember Crowstrike issuess last year. I sometimes think how much we rely on various IT stuff and how little would be needed to cause global chaos.

Cryptocurrencies replacing fiat? You’d have to ask central banks if they’d allow that first! Many countries are already developing central bank digital currencies (CBDCs), clearly aiming to compete with cryptocurrencies. In times of global crisis, governments would undoubtedly prefer using their own controlled digital currencies rather than decentralized Bitcoin.

Crypto is too volatile to be used as a regular currency. People seek for order and stability. That is why currencies were created at first point: to organize the economy of a society. The fact cryptocurrencies fluctuate so much trigger anxiety on people, what means it can be extremely prejudicial if they need to rely on cryptocurrencies for their survival.

It's contradictory to think a chaotic financial system composed solely by crypto can fix a hypothetical chaotic world. Probably even a primitive barter system could be a better idea in that situation.

Obviously, that is high fantasy for crypto to be a must for survival. For that to happen, it requires more than normal. Some basic bank operations are not even fully understood by many, some haven't been to the internet and might never. Digital currency taking over? Can all read and write?

Indirectly and at times, with the fiat dominance, barter still happens. Just wondering how digital currencies would completely be the order of the day.... With total dependency? Even with central banks having their digital currencies

The possibility of crypto as a must for day to day operations? . As for the impact of Bitcoin, it is extreme. However, the cryptos will be there but wouldn't be  for all. Just as it is now

That future seems so far and invisible (that's total dominance of crypto over the fiat currency).
Coming from rock till now? I guess the nterfaces are still there and would still be (no matter how little) from one condition to another.

I think crypto currency is definitely going to grow to that point where everyone can not do without it the more the value keeps rising the more it dominates everywhere and gets more accessible 
Crypto currency will soon in no time take over the world,  dominate and stay

I will like to draw to your attention that cryptocurrency was not made to compete with fiat, or it didn't came to dominate our local fiat system. As a matter of fact, fiat has been the oldest medium of buying and selling for thousands of years. It was a medium exchange or rendering of services but then cryptocurrency infact Bitcoin came into existence to prove decentralization. Or makes online exchange to be great , fast easy and effective, but that doesn't still mean that cryptocurrency will be used for everything and fiat will be neglected.

The possibilities are there with the US growing positive policy of not only Bitcoin but Ethereum, xrp etc.

However, the human society is known with its adaptive mechanism from stone age to this era of technical development. If that happens in the near future that fiat becomes obsolete, it will only take a short time for the society to come to reality with it. In fact, the population then would have already been used to it because the youth around now are going to be the older and aged people then and so the usage wouldn't be strange unlike this time that older age are still finding it difficult flowing with it.

lol, that means my survival is assured

Lol, but do ensure you try to hold as much Bitcoin as you can right now, so that when you sell it off in maybe 10 years time, you would be stunningly richer than many of your peers and colleagues.

Do you also know that the U.S has signed the Bitcoin strategic reserve into play, that means that HODLing BTC right now couldn't become more rewarding in itself, than ever.

We're already in the future, and I don't think that we're going to wait any further with that. It starts now but, we used to tell that it's still early. Invisible? I might agree with that because it's still early and many don't understand the concepts of it. Some are still in their doubting phase with the lack of knowledge they have on how it goes. The changes are there and we're seeing how fast these changes are. Those that are not able to cope will be left behind and have to start somewhere compared to the ones that are adapting these changes.

I don't believe that fiat currency will be replaced by cryptocurrencies. But one thing is certain: many countries are already developing their own digital currencies. For example, in Brazil, we will have the DREX (Brazilian Digital Real), so I believe that digitalization will be the natural path adopted by most, not a replacement, nor a matter of survival. And cryptocurrencies will continue to be used as they are today, for investment and speculation. Few people use them as a form of payment, whether for services or everyday purchases.

Note: I did not consider an apocalyptic future without the internet, like Mad Max or Waterworld!   ::)

many people are now aware that they will not be safe if they keep all their money in fiat, just imagine there are so many fiat countries that continue to fall against the dollar due to inflation and unpredictable geopolitics, then bitcoin and gold (crypto-based) are the best choices.

no one knows the future and we should not be too paranoid about what has not happened but we must be prepared for all possibilities that occur so that when that time comes we will not be surprised, continue to increase assets in bitcoin and crypto-based gold, it will save the value of your money in the future.

Bitcoin is not going to get accepted in local grocery stores in every country right away. So keeping that paranoia outside because its irrelevant, buying bitcoin is a good option but not the survival point. Gold is also a good option but the choice is with the buyer.

Even then fiat remains the king of all money here, it will always be accepted no matter what happens to the internet.

This is why I tell others to keep a fair share of all types of assets so one cushions when the other one falls. It might takes years for getting bitcoin into mainstream for some countries, for them stocking up bitcoin is the only option to be invested in bitcoin.

I could say that currently, majority of the youth are already aware of what is cryptocurrency and half of that majority are already using it to transact through P2P, hodling their money in btc, eth, bnb and more especially in usdt. So that is a good ground for preparation.

Again, most country's banks are now running on internet transaction and cashless, taking the money through electronic online system. That is a preparation itself and the older generation are already getting use to that. There are people who have not visited their banks for 2 years and above but they are still running their investments and businesses through online internet transactions. So it will only take a little time to come to such reality for some while most people are already moving with the technology of AI and online digital transaction.

it can never be possible for cryptocurrency investment to be a must for the future, and let me quickly remind you that cryptocurrency is an alternative currency to the fiat, cryptocurrency never came into existence to eliminate fiat, so be guided don't allow anybody to deceive you by saying that cryptocurrency investment will be a must in the future, so only invest what you can afford to lose in cryptocurrency, don't within your capacity.

Yes cryptocurrency can be use for buying and selling of goods and services, but human survival can never depend on cryptocurrency not even in the future, and secondly fiat is not losing it value, because majority of people that are using fiat more than those who are using cryptocurrency.

Fiat currencies may lose value if they are in a country suffering from inflation and a turmoil economy. This may lead people to seek cryptocurrencies as a more stable haven and value-preserving alternative. Investing in cryptocurrencies is an optional choice for individuals who believe in the potential of these currencies to generate returns and remain resilient during crises , pandemics, and wars, serving as a fast and efficient means of payment and receiving funds with just a click.

Both fiat currencies and cryptocurrencies have their advantages and disadvantages , so neither can completely replace the other. Both have valuable benefits for future survival.

Such a time will certainly come, with the level of revolution in the crypto and blockchain technology at large and it's adaption and usage right now, it is possible for fiat to fail in the nearest future. Considering how nations and firms are buying and investing in Bitcoin right now, fiat may certainly fail one day.

If crypto currency becomes essential in the future, being unprepared could be a major disadvantage, while it's unlikely that crypto will become the only path to survival,some level of engagement today could protect you from being left behind tomorrow in the aspects of educating yourself on how crypto works(wallets,keys,exchanges),it's advisable for one to diversify investments _crypto could be part of a broader strategy, not the whole plan.stsy informed about laws and developments in digital finance.

During the time of war, there may not be any opportunity to operate a computer with one another, how much more buying items on any market places, whether physical with Fiats or buying online with cryptocurrency.
Again, despite the devastating conditions during the war and it's tension and apprehension, Fiats may still be useful in fact. there must be means of exchanges, probably fiats may be a better options in my opinion.

Interesting thought, but I don’t think fiat will ever fully disappear.

Fiat currency is directly tied to the authority and power of the state. As long as governments exist, they will never give up control over money issuance — it’s one of their core tools. Central banks won’t just say, “Okay, let’s switch to Bitcoin.”

Even in extreme crises — wars, pandemics, collapses — people fall back on the strongest local structure they can trust, and usually, that’s still the government or military-backed systems. If anything, we’ll likely see more central bank digital currencies (CBDCs), not a full shift to crypto.

Crypto may grow as a parallel system or hedge, especially in broken economies. But full replacement? That’s a sci-fi scenario, and even then, some form of fiat or government-backed money will likely remain.

I find it really improbable that crypto will be necessary for future survival as the OP said, but what I've though several times before is that crypto can end making the difference between the poor and the wealthy.

If we take Bitcoin for example, and if it becomes the new world currency and everybody wants it, then those who have 0.25 BTC will be among the world's 1% greatest holders. And that would be if every holder had the same amount, but considering that funds, governments etc. would have much more, and the amount of lost coins, much less would be necessary for that.

The little amounts that we're discussing now will be valuable in the future. But I don't also think that it's more likely to what OP is saying about Bitcoin is for survival.

I think it will play even bigger role for every country's economy. That it's like going to be a reserve just as gold.

So, two reserves will be there for every country. Some have US dollars as their reserve but what if they convert that to Bitcoin eventually?

In that case lots of people will be doomed, especially the ones who knows nothing about it existence, and the negligent ones, this set are aware of it existence but do not care about venturing into the system.
A time will come when cryptocurrency will surely be a must for survival, but before then I believe the world at large will be ready for the journey and adapt to the new process when it finally approaches.

Yeah that would be the situation happen since if that scenario happen those who can't adopt will not survive.

That's why even by now people need to learn new things and became more adoptive with current booming of other digital financial stuff.

Since if they really only on fiat for sure nothing will happen in their future. Its like they are one step closer to get bankrupt especially if they can adopt immediately on future changes that might happen. Bitcoin and crypto is the future so people should learn on how they could get lots of opportunities on this so that they can help their selves to grow.

I believe that cryptocurrency will be a significant aspect of human life in the future, but as a sole means of survival, it is still an unrealistic concept. Honestly speaking, war, global catastrophes, or pandemics can devalue fiat currency, but whether they will render it useless is uncertain.
Crypto can indeed be a boundary-less means of exchange, a system that is decentralized, and a safe store of value. And then when old money becomes worthless one day in the future, humans will of course seek elsewhere, and going to crypto would be no further out of place. Whether it will be wholly compulsory, however, lies in the hands of governments and the global financial system.
My take is that crypto and fiat will coexist but, in extreme cases, crypto would certainly be a particularly significant aspect of individuals' survival.

It's highly impossible for cryptocurrency to completely replace fiat currency, even if there's a war or global crises, cryptocurrency can't be the last resort to earning. It's either the trade by barter system is introduced again or a local alternative is brought to place.

Remember, to access cryptocurrency, internet, electricity and technology will basically be needed. And all these can't be accessible if there is global crisis.

And people should not forget that there are other valuable asset which lots of people more comfortable to deal on rather than Bitcoin.

That's why its really hard for Bitcoin to reach on that status on where it can replace fiat since first its volatility is one discouraging factor especially for those people don't know how to deal with this coin. Also I don't hope that to happen for now because for sure there are lots of technicalities would gonna happen before such event would come.

If that crisis will happen on which there's no internet globally I guess people would prefer Gold and Bitcoin will be in freeze until the situation will go back to normal.

It's still a case to case basis when that happens. With the sanctioned countries, they've got aide through cryptocurrency transfers from people outside their counties.

Although I agree that it's going to be back to the old times where people will trade again through barter. But, don't remove Bitcoin to be part of that system.

With the modern technology, even some crisis happens. I think that solutions to provide access to internet will be there.

I believe that, as the financial market increasingly seeks new resource allocation options, crypto investments will become essential as a source of income diversification and also as a store of value, like Bitcoin. Of course, time will tell whether crypto investments will indeed become a new normal for a source of financial resources for various purposes.

I think that wasn't alarming that much because in the future, all are into crypto already. That can in fact be the reason on why fiat currency will experience a state of being obsolete. We already experienced a pandemic before. Remember Covid? But that didn't affected the fiat currency that much. Same goes with the war. About world crises, I'm thinking about the inflation here. But that is one of the cause on why a fiat currency can get weaken. For now, there are severely affected countries already such as Venezuela and I heard that crypto is also one of the options or alternatives that they are considering about, for them to keep on living/surviving.