cash remains the only option if there's an emergency

[QuestionAuthority]

Anybody remember "Gilligan's Island?"  Thurston Howell had bags of money but they weren't worth anything on the deserted island.  It was the professor who provided what everybody needed.  In the event of an extremely cataclysmic local event, or a total crash of the world economy, the number one commodity will be knowledge...it is that simple!  Our critical thinking skills, our understanding of the environment, our ability to function in a community, our physical health and our mental ability to adapt will determine our fates in such situations....not fiat or bitcoin or status or gold...but knowledge, health, and community.

You're far too rational to be here. You should go away.  lol

[Amph]

My tight buns are all the currency I need when the world ends.

Everything other than that needed to defend or sustain life is an abstract irrelevance in a full on collapse. All those gold stackers will get just as much of rude awakening as the space cadets trying to trade their paper wallet for some antibiotics after their cock's gone green.

That's no joke. A tight ass and a closet full of antibiotics are all the money you'll need in a major catastrophe. I'm waiting for the big pandemic to come from Asia or Africa that can't be stopped. Something like a new and improved airborn Ebola or H1N1 with rapid onset and death. When martial law happens and the looting starts, I'm not taking food. I'm going straight to the antibiotic section of the closest pharmacy and wiping them out. I'll work out the exchange rate later. Maybe one 500mg keflex for a case of corn and an hour with your wife. lol

LOL!!!!

Remember that antibiotics have an expiration period so long term liquidity is out of the question.

i prefer to have vitamin, high dosage, and every other powerful supplement, and maybe some high packed foods and water, you don't need something else in a emergency, you can sleep on the street

[cluit]

My tight buns are all the currency I need when the world ends.

Everything other than that needed to defend or sustain life is an abstract irrelevance in a full on collapse. All those gold stackers will get just as much of rude awakening as the space cadets trying to trade their paper wallet for some antibiotics after their cock's gone green.

That's no joke. A tight ass and a closet full of antibiotics are all the money you'll need in a major catastrophe. I'm waiting for the big pandemic to come from Asia or Africa that can't be stopped. Something like a new and improved airborn Ebola or H1N1 with rapid onset and death. When martial law happens and the looting starts, I'm not taking food. I'm going straight to the antibiotic section of the closest pharmacy and wiping them out. I'll work out the exchange rate later. Maybe one 500mg keflex for a case of corn and an hour with your wife. lol

LOL!!!!

Remember that antibiotics have an expiration period so long term liquidity is out of the question.

i prefer to have vitamin, high dosage, and every other powerful supplement, and maybe some high packed foods and water, you don't need something else in a emergency, you can sleep on the street

No one can expect an emergency situation.
But anybody can be ready with cash for an emergency situation not with the food or tablets.
So money is more important to manage any emergency situation. But with the bitcoin debit card now we can manage any emergency situation like with real money.

[neurotypical]

It depends on what type of emergency. If there are flooding, well your stuff will get destroyed by the water no matter what you do, but if you make it, that's all, civilization goes on and Bitcoin remains the most advanced and better form of money available.


If on the other hand you are talking about a global collapse that resembles the Mad Max movie.. then only water, food and a shotgun is all that will help you go through the day.

[Amph]

My tight buns are all the currency I need when the world ends.

Everything other than that needed to defend or sustain life is an abstract irrelevance in a full on collapse. All those gold stackers will get just as much of rude awakening as the space cadets trying to trade their paper wallet for some antibiotics after their cock's gone green.

That's no joke. A tight ass and a closet full of antibiotics are all the money you'll need in a major catastrophe. I'm waiting for the big pandemic to come from Asia or Africa that can't be stopped. Something like a new and improved airborn Ebola or H1N1 with rapid onset and death. When martial law happens and the looting starts, I'm not taking food. I'm going straight to the antibiotic section of the closest pharmacy and wiping them out. I'll work out the exchange rate later. Maybe one 500mg keflex for a case of corn and an hour with your wife. lol

LOL!!!!

Remember that antibiotics have an expiration period so long term liquidity is out of the question.

i prefer to have vitamin, high dosage, and every other powerful supplement, and maybe some high packed foods and water, you don't need something else in a emergency, you can sleep on the street

No one can expect a emergency situation.
But anybody can be ready with cash for an emergency situation not with the food or tablets.
So money is more important to manage any emergency situation. But with the bitcoin debit card now we can manage any emergency situation like with real money.

actually no, i'm more ready with foods than anything else, since foods are always present in my house, cash not so much, and they would be useless in an emergency worse than the OP situation

[zimmah]

I have a friend in Cannes, France. You may not know anything about it, but there were terrible floods there 10 days ago.

http://www.bbc.com/news/world-europe-34443189

My friend told me her landline phone still doesn't work. There are no phones and no Internet in most of downtown Cannes. Electricity has been fixed quite rapidly, but for 2 days, the mobile phone networks were down, so no bitcoin, and no credit cards either! All the shops couldn't handle any transactions.

The only thing which kept on working was the fiber optic network, I guess because that's the newest.

The whole thing was very local. Everything was fine a few km North, but this shall reminds us that if there's a serious emergency, cash is the only safe option.

Well, I wonder how situations like this would be deal with in the future once the governments finally get rid of physical cash and only issue "electronic" closed source money, so to speak. What will happen then? I wish there was a way to have "physical bitcoins" as an emergency temporal fix like that but it seems pointless.

that's when gold/silver would be useful.

just having a couple of silver coins should be enough for a few weeks

[RealPhotoshoper]

i dont know there was a flood in france,we all only know that in france was aterorist attack. its a good to know this news,i hope everyone not problem with cash or bitcoin,just help them if we can,its the only way to make they rise up again.
pray for france.

[Altynbekova]

I always use cash, since i don't want to depend on a card that can be broken.

Suppose you are out of gas and your cards don't work (electricty breakdown). You can't buy even a little snack of 1 dollar..

[aso118]

I always use cash, since i don't want to depend on a card that can be broken.
Suppose you are out of gas and your cards don't work (electricty breakdown). You can't buy even a little snack of 1 dollar..

Keep a little bit of emergency cash, for reasons like this.
A small portion of your portfolion should be in stable, easily accessible investments - like demand deposits. These can be converted to cash quickly and used when required.
For the rest, there is Bitcoin. 

[QuestionAuthority]

I always use cash, since i don't want to depend on a card that can be broken.
Suppose you are out of gas and your cards don't work (electricty breakdown). You can't buy even a little snack of 1 dollar..

Keep a little bit of emergency cash, for reasons like this.
A small portion of your portfolion should be in stable, easily accessible investments - like demand deposits. These can be converted to cash quickly and used when required.
For the rest, there is Bitcoin. 

In a minor emergency your government will likely step in and provide for your needs until it's over.

In a medium to major crisis international relief from multiple countries will help some people. Cash and Bitcoin will most likely be useless and bartering will take over. Store up things people will always trade for like medicines and food.

In a SHTF emergency power and strength will be the only currency. Harden your heart and stock up on guns and ammo.

[BantamSystems]

No matter what happens in one single place or location, you'll always be able to (have no other choice but to) travel to a location that isn't effected

That's what humans have done since the dawn of mankind, migration... it works ; )

[Skeksis]

I'm sure people could use physical gold coins with bitcoins on them somehow. I think we'd be pretty fucked if the internet or creditcard systems went down anyway but can't imagine such a disastrous scenario anytime soon.

[tyz]

I do not agree. Fiat money cash is not the main option. The main option in my opinion are Bitcoin-backed coins. With them you could also buy  goods if the power networks are down.

[cellard]

Fiat is trash, anything that isn't digital in the digital era is a waste of time and out of the loop. Also have fun trying to use cash when the goverment gets rid of in in the coming decade or two which is where all things seem to point at, therefore, Bitcoin will be the ultimate payment system because everything else will be controlled by someone in charge.

[HarryKPeters]

Right now the only option to pay for most services is to use fiat on your bank account.
In a way there lies a lot of potential here for bitcoin. Most company's/shops in my country accept cards etc.

And guess what, there are a lot of party's that offer a bitcoin to fiat/ fiat to bitcoin credit card.

[Altynbekova]

I always pay with my card (bank and/or credicard) but yes i also keep some fiat money in my wallet in case there is an emergency.

Card can be broken and some kind of system failure can happen. In that case i got my spare cash.

[megatron1337]

A credit card with nice credit limit is great in case of an emergency so I don't agree that cash is the only option

[OROBTC]

A credit card with nice credit limit is great in case of an emergency so I don't agree that cash is the only option

The more options, especially easy-to-use ones that are robust, the better. 

A credit card is good, but CA$H is more versatile in a pinch, or perhaps better said: in a crunch.  If I had to pick ONE option: CA$H.

Everyone, IMO, should have, say, $100 or more in their wallet at all/most times.

And maybe $20 - $50 worth of BTC in their mobile device just in case you find a place where you can grab a bite to eat and pay with Bitcoin!

[Windpower]

If there is a real emergency or some sort of epidemic then even cash is useless. I'd be moving with my Glock, that'd be the only way to survive

Lol yeah. I'm guessing you live in America since you own a gun. I'll just carry around a huge metal Bitcoin. You know, Bitcoin is very useful.

[Jet Cash]

Physical money for barter has been around for years in one form or another - feathers, gold, copper, shells and even knots on string. There will always be a need for it. Given the way the Chinese and Russians are buying physical gold, It will probably be gold coins. I believe Australia has just introduced a new gold coin. Bitcoin won't be any use if the other guy only accepts Litecoin. Banknotes will probably be around for a while as the money structure shifts away from worthless bank generated money.