How are doomsday preppers using BTC in their plans?

[Elwar]

I am somewhat a prepper.

Many people choose different approaches, some look to hunker down where they are so they can "wait things out", others have a bug out bag with a plan for where they will go if something happens.

I chose another approach, mobility. I have minimized my life to the point where I can carry everything I own in a carry on and backpack. I left the US and make sure that I am not tied down anywhere, my apartment has no lease, I have no utility contracts, my cell phone is prepaid. Sure, if something bad happened unexpectedly I would not be much better off than anyone else. But I think, just like MtGox, the signs will be there that I need to get out. With nothing holding me back I will be more likely to pick up and move and can do so at a moment's notice. I am becoming a global citizen where I can go to where there is the least amount of tyranny.

How does bitcoin help? I have all of my money with me, hardware encrypted, software encrypted with several passwords to go through before you can reach my bitcoins. No need to open bank accounts, establish a residence, etc.  With localbitcoins I can get cash to pay my rent and buy food/gas.

Some jews made it out of Germany before the SHTF, some Russians got out of the USSR before the rise of communism, I will be one of those people that gets out early.

I'm not trying to be cheeky, but I'm really curious. Where would you go if we are faced with civilizational collapse? How would bitcoins help when bartering is probably the way to survive?

Throughout history there are several cases of localized collapse of civilization. Can you point to an instance where all at once, the whole world was met by an event that affected every civilization?

I see the US on the verge of collapse so I got out of there. I am in Europe now just because that was not such an extreme transition from the US.

But my 5 year plan involves buying a catamaran sailboat living anywhere. Getting used to being mobile and figuring out the ins and outs of getting services without a residence will help.

[Stedsm]

Are you a Doomsday Prepper?

How are you using BTC in your plans to prepare for any doomsday scenario?

Instead of BTC I would consider copper or gold.

[spazzdla]

It totally depends on what the "doomsday" is.  Doomsday implies the entire world takes a shit.. at that point guns and numbers become king to think other wise is just utterly silly.

If we are talking just the economic collapse of Merica BTC might be an amazing way to ensure you do not go broke..

[1K]

As much as I love bitcoin I'm not sure it would do well in this scenario. Things like gold / precious metals and other physical items that can be traded will succeed. Even food would become the most expensive commodity so maybe that will become a currency.

[Elwar]

This is the doomsday that I see most likely happening. When our debt bubble cannot pop, there will be consequences that are hard to predict.

[Flashman]

Here we go, potentially cheap bug out locations... http://www.cbc.ca/news/canada/montreal/caribou-hunt-industry-collapse-still-haunts-northern-quebec-1.2879442

[spazzdla]

Here we go, potentially cheap bug out locations... http://www.cbc.ca/news/canada/montreal/caribou-hunt-industry-collapse-still-haunts-northern-quebec-1.2879442

Well well well.. this is good infor for me.

[ticoti]

no internet, no bitcoin

in doomsday internet and network are one of the first things that go down

[QuestionAuthority]

no internet, no bitcoin

in doomsday internet and network are one of the first things that go down

Don't be silly. Society is going to completely break down except for the Internet and cellular phone service. rofl

[Pingu]

no internet, no bitcoin

in doomsday internet and network are one of the first things that go down

Don't be silly. Society is going to completely break down except for the Internet and cellular phone service. rofl

Probably won't effect satellite internet which would likely see a boom, but electricity could be a bigger problem.

[Kprawn]

Well, I live in a country, where things {politics} are very volatile and I will have to have a backup plan, to move to another country, with only the shirt on my back, if the shit hits the fan.

What Bitcoin allows me to do, is to have access to "startup" money, when I have to move in a hurry.

In most cases, when countries go to war, the banks close, and the government can even order banks to froze accounts. In this type of scenario you do not have access to your own money.

I only need to have access to a piece of paper with the private key.... or the key encrypted in online storage or within online text on online blogs or emails etc etc.. {We all have our own ways of hiding things on the internet}

Worst case, you only have to remember the pass phrase ..... in your head.

So you do not need a Doomsday scenario, just a country, where you might not be welcomed or be at war, and you have to flee with your family. 

 

[s.mouse]

Well, I live in a country, where things {politics} are very volatile and I will have to have a backup plan, to move to another country, with only the shirt on my back, if the shit hits the fan.

What Bitcoin allows me to do, is to have access to "startup" money, when I have to move in a hurry.

In most cases, when countries go to war, the banks close, and the government can even order banks to froze accounts. In this type of scenario you do not have access to your own money.
 

I think this is one very good reason for bitcoin. Many people think it will never happen but it can always happen. It's not unrealistic that we could  have a global war or economical collapse in the near future.

[spazzdla]

Well, I live in a country, where things {politics} are very volatile and I will have to have a backup plan, to move to another country, with only the shirt on my back, if the shit hits the fan.

What Bitcoin allows me to do, is to have access to "startup" money, when I have to move in a hurry.

In most cases, when countries go to war, the banks close, and the government can even order banks to froze accounts. In this type of scenario you do not have access to your own money.
I only need to have access to a piece of paper with the private key.... or the key encrypted in online storage or within online text on online blogs or emails etc etc.. {We all have our own ways of hiding things on the internet}

Worst case, you only have to remember the pass phrase ..... in your head.

So you do not need a Doomsday scenario, just a country, where you might not be welcomed or be at war, and you have to flee with your family. 

 

That right there is reason BTC is utterly amazing.  F U harper, suck my nuts you cannot have my wealth.

[countryfree]

I'm somewhat a prepper too, though I don't have much BTC. I don't think BTC would survive long against a major catastrophe.
I'd rather own valuables and bank accounts in several different countries. If something bad happens where I'm currently staying, I can just move elsewhere and keep on living the way I'm used to.

[Elwar]

I'm somewhat a prepper too, though I don't have much BTC. I don't think BTC would survive long against a major catastrophe.
I'd rather own valuables and bank accounts in several different countries. If something bad happens where I'm currently staying, I can just move elsewhere and keep on living the way I'm used to.

You want to know the easiest way to have a bank account in several different countries?

BTC <--

[gogxmagog]

Here we go, potentially cheap bug out locations... http://www.cbc.ca/news/canada/montreal/caribou-hunt-industry-collapse-still-haunts-northern-quebec-1.2879442

Basically anywhere in Canada that isn't near a big city (most of the country) is real cheap. You can get a entire golf course with buildings in norther Saskatchewan for around 200 K. Only problem is... Northern Saskatchewan... Just like you can buy a house in Buffalo for 10K, except... Buffalo 😷

[QuestionAuthority]

Here we go, potentially cheap bug out locations... http://www.cbc.ca/news/canada/montreal/caribou-hunt-industry-collapse-still-haunts-northern-quebec-1.2879442

Basically anywhere in Canada that isn't near a big city (most of the country) is real cheap. You can get a entire golf course with buildings in norther Saskatchewan for around 200 K. Only problem is... Northern Saskatchewan... Just like you can buy a house in Buffalo for 10K, except... Buffalo 😷

LOL Buffalo. Every home sold includes one year of free service.

[Flashman]

Also, property taxes are freaking insane in Buffalo, and pretty much anywhere NY state.

[countryfree]

I'm somewhat a prepper too, though I don't have much BTC. I don't think BTC would survive long against a major catastrophe.
I'd rather own valuables and bank accounts in several different countries. If something bad happens where I'm currently staying, I can just move elsewhere and keep on living the way I'm used to.

You want to know the easiest way to have a bank account in several different countries?

BTC <--

I know that very well, but convenience and acceptance is an issue. Right now in Europe, I can wire unlimited money (only limited by my balance) for free. If I want to buy a car, I just ask the seller what's his bank account, and he'll get my money the following day. BTC is even faster, but would my seller accept BTC? Actually, I'd like to do more business with BTC, but few people accept it.

[dimsky]

I'm somewhat a prepper too, though I don't have much BTC. I don't think BTC would survive long against a major catastrophe.
I'd rather own valuables and bank accounts in several different countries. If something bad happens where I'm currently staying, I can just move elsewhere and keep on living the way I'm used to.

You want to know the easiest way to have a bank account in several different countries?

BTC <--

I know that very well, but convenience and acceptance is an issue. Right now in Europe, I can wire unlimited money (only limited by my balance) for free. If I want to buy a car, I just ask the seller what's his bank account, and he'll get my money the following day. BTC is even faster, but would my seller accept BTC? Actually, I'd like to do more business with BTC, but few people accept it.

That is sadly true. It's actually almost free to transfer money within the EU within the banking system, so prices and availability isn't the issue here.