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Author Topic: [2016-01-29] How Sustainable Will Bitcoin Be After the Apocalypse?  (Read 370 times)
TwoTimes
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January 29, 2017, 06:14:04 PM
 #1

Over the past few years, worldwide fears of an apocalypse-type scenario have increased quite a bit. The trend is likely to be associated with global economic turbulence, failed central planning, and the rise of tyrannical governance. With people believing doomsday may come to pass, many are hoarding various commodities like precious metals, and now even bitcoins. However, people wonder how sustainable the Bitcoin network will be throughout a global apocalyptic crisis.

The New Yorker recently published a lengthy editorial called “Doomsday Prep for the Super-Rich” detailing some interesting findings on the world’s wealthiest preppers. Of course, the individuals are hoarding the usual supplies of precious metals, rations and building unique bunkers. But one particular rich-prepper, Tim Chang, a venture-capital firm managing director, says the super-rich are also stockpiling Bitcoin.

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Papa Bear
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January 30, 2017, 03:25:41 AM
 #2

Bitcoin is a remarkable innovation and was released to the public during the 2008 financial collapse. During these times of duress, humans have always figured out ways to conquer the world’s obstacles. Hoarding bitcoins for a doomsday scenario may not be a bad idea as people could use the digital currency in multiple ways for survival. Of course, there are various vulnerabilities to the network the community will have to try to overcome. Yet as the old saying goes, ‘where there’s a will there’s a way.
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January 30, 2017, 05:22:46 PM
 #3

I think the most famous "Prepper" in the Bitcoin scene is Patrick Byrne.. He has a much better prep strategy that most people I have

seen. http://www.dailymail.co.uk/news/article-3322446/Overstock-com-reveals-prepper-plan-Online-retailer-buried-10m-gold-silver-secret-Utah-hideaway-hoarded-food-case-world-financial-struck-disaster.html

I am sure he will also have some Bitcoins stored in cold storage, until things returns to normal or to replace collapsed Fiat currencies.

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seven.71
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January 30, 2017, 06:15:30 PM
 #4

Indeed, for the current Bitcoin quite promising as the gold in saving our funds or as an investment because the price of bitcoin inverse of the price of the currency Fiat gold the same thing without taxes in some countries




















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January 30, 2017, 06:43:06 PM
 #5

If such a world will come into existence I would rather be dead and long gone  Wink

I am not interested in preserving the status quo; I want to overthrow it. Niccolò Machiavelli
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January 30, 2017, 11:14:07 PM
 #6

If money didn't exist anymore then we wouldn't need computers.

Bitcoin like everything else is just a monopoly. I don't really know how else to explain it.


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mfort312
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February 02, 2017, 01:39:58 AM
 #7

If such a world will come into existence I would rather be dead and long gone  Wink

+1 haha

...although some rather nice 3rd world agrarian countries might not even notice the apocalypse.

Just get yourself some fertile land and a few farmhands.

And trade your Bitcoin for a suitcase full of gold coins, Pippi Longstocking style...
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February 02, 2017, 05:21:44 PM
 #8

How is this an actual news piece?

Every troll from the beginning of Bitcoin has used the "Well, what if the INTERNET EXPLODED" kind of argument to falsely show Bitcoin being highly vulnerable.

Obviously, if your fucking internet is down, you have bigger problems than the next block being processed. But no, with regularity I get see "news" pieces that
exemplify the extremes, "What if we have another solar flare" or "What if an asteroid hits the Earth"... well,  lots of shit will happen and people will die -- and I
don't think we'll be too concerned about Bitcoin at that point.

It just pisses me off these casual assholes toss out these stupid fucking questions without acknowledging that their ENTIRE COMFY EXISTENCE would be nullified
if the internet or electricity went "poof".


fortitudinem multis - catenum regit omnia
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