Currency Collapse, Bitcoin As A Fallback

[bonker]

I get most of my economic facts and forecasts from UFO magazines and it now seems that Western currencies may collapse.
This will lead to banks stopping access to savings, leaving peeps without cash in hand and skint.

Naturally, there needs to be something to fill the gap, so how can Bitcoin help? Maybe local stores that accept Bitcoins for bread
and petrol and UFO magazines etc?

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[The_Duke]

I get most of my economic facts and forecasts from UFO magazines and it now seems that Western currencies may collapse.
This will lead to banks stopping access to savings, leaving peeps without cash in hand and skint.

Naturally, there needs to be something to fill the gap, so how can Bitcoin help? Maybe local stores that accept Bitcoins for bread
and petrol and UFO magazines etc?

If I were you, I'd go find some place that sells tinfoil hats for bitcoins asap!

[tvbcof]

I get most of my economic facts and forecasts from UFO magazines and it now seems that Western currencies may collapse.
This will lead to banks stopping access to savings, leaving peeps without cash in hand and skint.

I know they say that history repeats itself, but 'this time is different' because we are so modern and responsible in the West (not including Argentina) in these unique times.  So your UFO mags must be wrong.

Naturally, there needs to be something to fill the gap, so how can Bitcoin help? Maybe local stores that accept Bitcoins for bread
and petrol and UFO magazines etc?

For my part, I am making an admittedly outside bet that if currency controls were enacted, I could potentially pop up in some other part of the world and be able to obtain enough value to get by for a while.  That is one of the draws of BTC to me.

[BitcoinHats]

If I were you, I'd go find some place that sells tinfoil hats for bitcoins asap!

*ahem*  I'm working on that... 

[Ekaros]

Hmm, thanks for idea I got some used tinfoil I don't need anymore, ah a hat...

Still, hyperinflation is only easy way for west to get out, not very easy, but much better than decades paying back the money.

Bitcoins might be one option, personaly if I had to I would go with Yuan...

[BitVapes]

Bitcoins might be one option, personaly if I had to I would go with Yuan...

Yuan is still fiat govenment paper.  In the end, paper money is only worth as much as the paper its written on, its intrinsic value is generally as fuel in wood-burning stoves or as decorative wallpaper.

Silver and gold on the other hand...

[The_Duke]

Bitcoins might be one option, personaly if I had to I would go with Yuan...

Yuan is still fiat govenment paper.  In the end, paper money is only worth as much as the paper its written on, its intrinsic value is generally as fuel in wood-burning stoves or as decorative wallpaper.

Silver and gold on the other hand...

Can you eat gold or silver? The only thing with real value is having land, the means to defend it or the means to take it. And some land is worth more than others.

[PLATO]

If I were you, I'd go find some place that sells tinfoil hats for bitcoins asap!

Dude GOLDMAN FUCKING SACHS agrees that the economy is going to collapse, http://www.economicvoice.com/goldman-sachs-says-that-the-economic-collapse-is-coming/50023394#axzz1XHuM47BA

edit: and when it does, you won't have internet for a while. your credit cards and cash will be worthless. hopefully you have friends who will protect you from looters, because the cops will have their hands full. bitcoin will be worthless until the nets go back up. (although - note that bitcoin could still work semi-offline on Freenet.) If the world doesn't end, hopefully your bitcoins will be more valuable than they are today.

[The_Duke]

If I were you, I'd go find some place that sells tinfoil hats for bitcoins asap!

Dude GOLDMAN FUCKING SACHS agrees that the economy is going to collapse, http://www.economicvoice.com/goldman-sachs-says-that-the-economic-collapse-is-coming/50023394#axzz1XHuM47BA

American banks. Like anyone believes their lies anymore outside of the US...

And seriously, pout on your tinfoil BEFORE you visit hippie-sites... their tree-hugging-alien-deathrays damage your brain man!

[PLATO]

The_Duke: What do you think will happen instead?

[Ekaros]

Bitcoins might be one option, personaly if I had to I would go with Yuan...

Yuan is still fiat govenment paper.  In the end, paper money is only worth as much as the paper its written on, its intrinsic value is generally as fuel in wood-burning stoves or as decorative wallpaper.

Silver and gold on the other hand...

Bitcoins is always just bits on computers, it doesn't have any intrinsic value just the value which people barter in it.

Gold and silver, minimal intrinsic, any metal will do apart from a few special tasks. Gold is one strange one, it has some realvalue, but most of it is just imanigative.


Stock weapons and non-perishable goods, you can take the land latter.

[bonker]

If I were you, I'd go find some place that sells tinfoil hats for bitcoins asap!

Dude GOLDMAN FUCKING SACHS agrees that the economy is going to collapse, http://www.economicvoice.com/goldman-sachs-says-that-the-economic-collapse-is-coming/50023394#axzz1XHuM47BA

American banks. Like anyone believes their lies anymore outside of the US...

And seriously, pout on your tinfoil BEFORE you visit hippie-sites... their tree-hugging-alien-deathrays damage your brain man!

Right on brother! I'm getting pretty sick of people disrespecting tin-foil hats up in this thread!

Tinfoil is the best way of keeping government sponsored electromagnetic waves out of the brain. Just try and
take an MRI scan with one on, the nurse will go fucking nuts!

As for Bitcoin post collapse. I suppose we looking at a situation with no banks, no cash and no internet.
So carry it on a stick or on your iPod. Be careful of roaving bands of youths by keeping your BTC encrypted

[BitVapes]

Tinfoil is the best way of keeping government sponsored electromagnetic waves out of the brain. Just try and
take an MRI scan with one on, the nurse will go fucking nuts!

I prefer to enclose my whole house in a Faraday cage, that way I don't have to wear the hat all the time in the shower and sleeping.

[Ekaros]

Tinfoil is the best way of keeping government sponsored electromagnetic waves out of the brain. Just try and
take an MRI scan with one on, the nurse will go fucking nuts!

I prefer to enclose my whole house in a Faraday cage, that way I don't have to wear the hat all the time in the shower and sleeping.

So where you compute then? You know they can get to you with power, water and telecomm wires

[hugolp]

Tinfoil is the best way of keeping government sponsored electromagnetic waves out of the brain. Just try and
take an MRI scan with one on, the nurse will go fucking nuts!

I prefer to enclose my whole house in a Faraday cage, that way I don't have to wear the hat all the time in the shower and sleeping.

So where you compute then? You know they can get to you with power, water and telecomm wires

You transmit data in and out of the faraday cage with lasers.

[Ekaros]

Tinfoil is the best way of keeping government sponsored electromagnetic waves out of the brain. Just try and
take an MRI scan with one on, the nurse will go fucking nuts!

I prefer to enclose my whole house in a Faraday cage, that way I don't have to wear the hat all the time in the shower and sleeping.

So where you compute then? You know they can get to you with power, water and telecomm wires

You transmit data in and out of the faraday cage with lasers.

But that means you allow in some electromagnetic radiation...

[itsagas]

Ummmm...  our friendly neighborhood currency Bitcoin IS COLLAPSING as we speak.  40% collapse down to $6 in one week?  What next week?  Next month.  I don't think we are in any position to be discussing Bitcoin as a fallback to anything. 

If the economy and financial system shudders that bad, you had better have a shed load of gold bars along with a sharp knife to cut shavings to pay for stuff IMO. .

[im3w1l]

But that means you allow in some electromagnetic radiation...

I have an acoustic connection to the outdoor fiber. For power I just use my trusty diesel generator

[bonker]

Ummmm...  our friendly neighborhood currency Bitcoin IS COLLAPSING as we speak.  40% collapse down to $6 in one week?  What next week?  Next month.  I don't think we are in any position to be discussing Bitcoin as a fallback to anything. 

If the economy and financial system shudders that bad, you had better have a shed load of gold bars along with a sharp knife to cut shavings to pay for stuff IMO. .

Yeah buddy, but it's collapsing with respect to the dollar/paper. When the dollar is gone Bitcoin comes into it's own. Or something

[322i0n]

Aww man, tinfoil hats do nothing to stop the eye movement neuro-reprogramming that comes through your pc and tv screens. You need special tinfoil glasses for that.