what if crypto currency investment is a must for future survival

[Cryptomultiplier]

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survival will depend only on using cryptocurrency for buying and selling, because mankind may soon find Fiat currency is obsolete or of no value in their current environment perhaps due to world earth crisis or pandemic or war .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!

[tabas]

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survival will depend only on using cryptocurrency for buying and selling, because mankind may soon find Fiat currency is obsolete or of no value in their current environment perhaps due to world earth crisis or pandemic or war .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.

[TheUltraElite]

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.

[Lucius]

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.

[bias]

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.

[Cryptomultiplier]

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.

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.

[Lucius]

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, all those satellites would become worthless.

[bias]

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.

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

Just like how starlinks made personal internet possible

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

[LTU_btc]

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.

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.

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.

[UTON Blockchain]

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.

[uneng]

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.

[Obulis]

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.

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.

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

[Obulis]

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.

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.

[Gentle_Soul]

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!

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

[Pi-network314159]

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!

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.

[Gozie51]

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.

[pubhonest1]

lol, that means my survival is assured

[Cryptomultiplier]

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.

[tabas]

-snip-

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.

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.

[r_victory]

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!