Topic: cash remains the only option if there's an emergency - page 2. (Read 7910 times)

That's the reason why i never count on cards.
The moment something happends and there is no electricty you can't get anything.

Therefore I always hold a 100 bucks in my pocket and another 100 bucks in my car.

If there is a real emergency, goods remain the only option

How can Bitcoin fail to resist an attack of massive surveillance? Maybe not right now, but give it one year and we will get it running with TOR seamlessly (already coming with 0.12), give it CC, integrated CoinJoin, bip47... what are they going to do? it's impossible to control at that point, only thing they can do is keep trying to develop a trojan horse to centralize nodes (Bitcoin XT and so on) but not even that seems to be working.

No, in metropolitan cities also same situations only. Bitcoins on its own is just a virtual currency that needs to be converted to fiat cash unlike other currencies like USD/EUR/GBP that can be used directly. If one needs to use bitcoins in case of an emergency, they need to access their online wallet and search for an exchanger which is quite tough.

I would have to ask the question as to what they could be buying if everything is down and not working.  I understand that that they will need the main parts of life, food, water, shelter, etc., but most things currently bought with Bitcoin would be useless at this point.  In the future I understand, but as for now, there is no need to spend it there.

I knew a lady once who was a child during the Japanese occupation of the Philippines.  She told me that her grandmother had a bamboo stick full of American coins (90% silver at the time.)  The family moved to the country to live with relatives and the bamboo tube got them through the event, which lasted for several years, relatively well.

It's worth note that more 'modern' occupations focus on clearing the countryside of humans as rural areas often act as a breeding ground for insurgency.  That was the main reason for napalming and agent-oranging the shit out of Vietnam, burning down rural villages, and killing the inhabitants as I understand things.  I would expect that the same tactics will be employed in the U.S. and like countries although the excuse will be that it is to comply with the United Nations Earth Charter and the 'wildlands' project.

Even in urban environments under a 'cashless' system, it will be extraordinarily difficult to completely halt black-market operations.  At least over a long duration.  Extreme surveillance will be attempted, and may actually work pretty well, but not completely.  It will be trivial to box out the current implementations of distributed crypto-currencies since they were, for the most part, not evolved to deal with the potential threats.  Silver coins will be much more difficult.  I expect that the technology to locate and identify masses of elemental metals are more advanced than most people realize however.  A silver or gold coin in one's pocket might act as a target beacon.  I don't know this, or course.  It's just a guess based on my observations of related technological progress.

I do not think so, it may happen in a big city, but if you are thinking about a small town that still have to put cash to make payments? even to know bitcoin is also very difficult.

This is just not true. You can get a paper wallet, wrap it on water resistant plastic and there you go, you have your credit card. And in the future im sure they will invent super robust hardware wallets that are fully functional even under extreme circumstances like underwater, heat, being crushed by a truck and so on.

Cash would only be good in a shtf scenario if that was what people needed more than likely people would want something else to barter with whether food water or anything else that was a necessity for survival

Yes, If there is an emergeny, only physical cash comes handy and not bitcoins. But is one has a bitcoin debit card, he/she can withdraw the amount via an ATM and use the cash in case of an emergency and hence it is only the ability to convert bitcoins to fiat that matters.

If there were a cataclysmic event so large that it disabled the Bitcoin network, then cash wouldn't be much good either.  Knowledge, leadership skills, and a strong sense of community would be the main commodity and the exchange currency would be labor.  You wouldn't need cash because the store shelves would be empty.

I am hoping for the satellite internet connections to happen now already! This will be a game changer and yes, it will keep bitcoin going in an emergency. Always be prepared for an emergency.

As far as the topic is concerned, cash really remains the only option if there is any emergency then I feel its really a true thing because in emergency we can get cash from friend, relatives or through ATM debit card and credit card depends if the person need money in emergency carrying the card or not.

I don't think bitcoin will be any use in a genuine and extended crisis. I don't think paper money will be much use either. These guys who are piling up gold are gonna get a shock too. All money is abstract. Guns, food and medicine is the real deal.

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.

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.

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!

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

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.

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.