Topic: cash remains the only option if there's an emergency - page 3. (Read 7910 times)
Fiat is trash, anything that isn't digital in the digital era is a waste of time and out of the loop. Also have fun trying to use cash when the goverment gets rid of in in the coming decade or two which is where all things seem to point at, therefore, Bitcoin will be the ultimate payment system because everything else will be controlled by someone in charge.
I do not agree. Fiat money cash is not the main option. The main option in my opinion are Bitcoin-backed coins. With them you could also buy goods if the power networks are down.
I'm sure people could use physical gold coins with bitcoins on them somehow. I think we'd be pretty fucked if the internet or creditcard systems went down anyway but can't imagine such a disastrous scenario anytime soon.
No matter what happens in one single place or location, you'll always be able to (have no other choice but to) travel to a location that isn't effected
That's what humans have done since the dawn of mankind, migration... it works ; )
That's what humans have done since the dawn of mankind, migration... it works ; )
I always use cash, since i don't want to depend on a card that can be broken.
Suppose you are out of gas and your cards don't work (electricty breakdown). You can't buy even a little snack of 1 dollar..
Suppose you are out of gas and your cards don't work (electricty breakdown). You can't buy even a little snack of 1 dollar..
Keep a little bit of emergency cash, for reasons like this.
A small portion of your portfolion should be in stable, easily accessible investments - like demand deposits. These can be converted to cash quickly and used when required.
For the rest, there is Bitcoin.
In a minor emergency your government will likely step in and provide for your needs until it's over.
In a medium to major crisis international relief from multiple countries will help some people. Cash and Bitcoin will most likely be useless and bartering will take over. Store up things people will always trade for like medicines and food.
In a SHTF emergency power and strength will be the only currency. Harden your heart and stock up on guns and ammo.
I always use cash, since i don't want to depend on a card that can be broken.
Suppose you are out of gas and your cards don't work (electricty breakdown). You can't buy even a little snack of 1 dollar..
Suppose you are out of gas and your cards don't work (electricty breakdown). You can't buy even a little snack of 1 dollar..
Keep a little bit of emergency cash, for reasons like this.
A small portion of your portfolion should be in stable, easily accessible investments - like demand deposits. These can be converted to cash quickly and used when required.
For the rest, there is Bitcoin.
I always use cash, since i don't want to depend on a card that can be broken.
Suppose you are out of gas and your cards don't work (electricty breakdown). You can't buy even a little snack of 1 dollar..
Suppose you are out of gas and your cards don't work (electricty breakdown). You can't buy even a little snack of 1 dollar..
i dont know there was a flood in france,we all only know that in france was aterorist attack. its a good to know this news,i hope everyone not problem with cash or bitcoin,just help them if we can,its the only way to make they rise up again.
pray for france.
pray for france.
I have a friend in Cannes, France. You may not know anything about it, but there were terrible floods there 10 days ago.
http://www.bbc.com/news/world-europe-34443189
My friend told me her landline phone still doesn't work. There are no phones and no Internet in most of downtown Cannes. Electricity has been fixed quite rapidly, but for 2 days, the mobile phone networks were down, so no bitcoin, and no credit cards either! All the shops couldn't handle any transactions.
The only thing which kept on working was the fiber optic network, I guess because that's the newest.
The whole thing was very local. Everything was fine a few km North, but this shall reminds us that if there's a serious emergency, cash is the only safe option.
http://www.bbc.com/news/world-europe-34443189
My friend told me her landline phone still doesn't work. There are no phones and no Internet in most of downtown Cannes. Electricity has been fixed quite rapidly, but for 2 days, the mobile phone networks were down, so no bitcoin, and no credit cards either! All the shops couldn't handle any transactions.
The only thing which kept on working was the fiber optic network, I guess because that's the newest.
The whole thing was very local. Everything was fine a few km North, but this shall reminds us that if there's a serious emergency, cash is the only safe option.
Well, I wonder how situations like this would be deal with in the future once the governments finally get rid of physical cash and only issue "electronic" closed source money, so to speak. What will happen then? I wish there was a way to have "physical bitcoins" as an emergency temporal fix like that but it seems pointless.
that's when gold/silver would be useful.
just having a couple of silver coins should be enough for a few weeks
My tight buns are all the currency I need when the world ends.
Everything other than that needed to defend or sustain life is an abstract irrelevance in a full on collapse. All those gold stackers will get just as much of rude awakening as the space cadets trying to trade their paper wallet for some antibiotics after their cock's gone green.
Everything other than that needed to defend or sustain life is an abstract irrelevance in a full on collapse. All those gold stackers will get just as much of rude awakening as the space cadets trying to trade their paper wallet for some antibiotics after their cock's gone green.
That's no joke. A tight ass and a closet full of antibiotics are all the money you'll need in a major catastrophe. I'm waiting for the big pandemic to come from Asia or Africa that can't be stopped. Something like a new and improved airborn Ebola or H1N1 with rapid onset and death. When martial law happens and the looting starts, I'm not taking food. I'm going straight to the antibiotic section of the closest pharmacy and wiping them out. I'll work out the exchange rate later. Maybe one 500mg keflex for a case of corn and an hour with your wife. lol
LOL!!!!
Remember that antibiotics have an expiration period so long term liquidity is out of the question.
i prefer to have vitamin, high dosage, and every other powerful supplement, and maybe some high packed foods and water, you don't need something else in a emergency, you can sleep on the street
No one can expect a emergency situation.
But anybody can be ready with cash for an emergency situation not with the food or tablets.
So money is more important to manage any emergency situation. But with the bitcoin debit card now we can manage any emergency situation like with real money.
actually no, i'm more ready with foods than anything else, since foods are always present in my house, cash not so much, and they would be useless in an emergency worse than the OP situation
It depends on what type of emergency. If there are flooding, well your stuff will get destroyed by the water no matter what you do, but if you make it, that's all, civilization goes on and Bitcoin remains the most advanced and better form of money available.
If on the other hand you are talking about a global collapse that resembles the Mad Max movie.. then only water, food and a shotgun is all that will help you go through the day.
If on the other hand you are talking about a global collapse that resembles the Mad Max movie.. then only water, food and a shotgun is all that will help you go through the day.
My tight buns are all the currency I need when the world ends.
Everything other than that needed to defend or sustain life is an abstract irrelevance in a full on collapse. All those gold stackers will get just as much of rude awakening as the space cadets trying to trade their paper wallet for some antibiotics after their cock's gone green.
Everything other than that needed to defend or sustain life is an abstract irrelevance in a full on collapse. All those gold stackers will get just as much of rude awakening as the space cadets trying to trade their paper wallet for some antibiotics after their cock's gone green.
That's no joke. A tight ass and a closet full of antibiotics are all the money you'll need in a major catastrophe. I'm waiting for the big pandemic to come from Asia or Africa that can't be stopped. Something like a new and improved airborn Ebola or H1N1 with rapid onset and death. When martial law happens and the looting starts, I'm not taking food. I'm going straight to the antibiotic section of the closest pharmacy and wiping them out. I'll work out the exchange rate later. Maybe one 500mg keflex for a case of corn and an hour with your wife. lol
LOL!!!!
Remember that antibiotics have an expiration period so long term liquidity is out of the question.
i prefer to have vitamin, high dosage, and every other powerful supplement, and maybe some high packed foods and water, you don't need something else in a emergency, you can sleep on the street
No one can expect an emergency situation.
But anybody can be ready with cash for an emergency situation not with the food or tablets.
So money is more important to manage any emergency situation. But with the bitcoin debit card now we can manage any emergency situation like with real money.
My tight buns are all the currency I need when the world ends.
Everything other than that needed to defend or sustain life is an abstract irrelevance in a full on collapse. All those gold stackers will get just as much of rude awakening as the space cadets trying to trade their paper wallet for some antibiotics after their cock's gone green.
Everything other than that needed to defend or sustain life is an abstract irrelevance in a full on collapse. All those gold stackers will get just as much of rude awakening as the space cadets trying to trade their paper wallet for some antibiotics after their cock's gone green.
That's no joke. A tight ass and a closet full of antibiotics are all the money you'll need in a major catastrophe. I'm waiting for the big pandemic to come from Asia or Africa that can't be stopped. Something like a new and improved airborn Ebola or H1N1 with rapid onset and death. When martial law happens and the looting starts, I'm not taking food. I'm going straight to the antibiotic section of the closest pharmacy and wiping them out. I'll work out the exchange rate later. Maybe one 500mg keflex for a case of corn and an hour with your wife. lol
LOL!!!!
Remember that antibiotics have an expiration period so long term liquidity is out of the question.
i prefer to have vitamin, high dosage, and every other powerful supplement, and maybe some high packed foods and water, you don't need something else in a emergency, you can sleep on the street
Anybody remember "Gilligan's Island?" Thurston Howell had bags of money but they weren't worth anything on the deserted island. It was the professor who provided what everybody needed. In the event of an extremely cataclysmic local event, or a total crash of the world economy, the number one commodity will be knowledge...it is that simple! Our critical thinking skills, our understanding of the environment, our ability to function in a community, our physical health and our mental ability to adapt will determine our fates in such situations....not fiat or bitcoin or status or gold...but knowledge, health, and community.
You're far too rational to be here. You should go away. lol
Off course. You can make bitcoin transaction offline. Only with cash you can make transaction without internet, phone, computer, witnesses, etc.
My tight buns are all the currency I need when the world ends.
Everything other than that needed to defend or sustain life is an abstract irrelevance in a full on collapse. All those gold stackers will get just as much of rude awakening as the space cadets trying to trade their paper wallet for some antibiotics after their cock's gone green.
Everything other than that needed to defend or sustain life is an abstract irrelevance in a full on collapse. All those gold stackers will get just as much of rude awakening as the space cadets trying to trade their paper wallet for some antibiotics after their cock's gone green.
That's no joke. A tight ass and a closet full of antibiotics are all the money you'll need in a major catastrophe. I'm waiting for the big pandemic to come from Asia or Africa that can't be stopped. Something like a new and improved airborn Ebola or H1N1 with rapid onset and death. When martial law happens and the looting starts, I'm not taking food. I'm going straight to the antibiotic section of the closest pharmacy and wiping them out. I'll work out the exchange rate later. Maybe one 500mg keflex for a case of corn and an hour with your wife. lol
LOL!!!!
Remember that antibiotics have an expiration period so long term liquidity is out of the question.
Well, there are several ways to exchange bitcoin that don't require the internet...radio, superimposition, paper...etc. One just needs the knowledge, preparation, and community support to accomplishment the task. Also, there are other off grid means to generate electricity such as wind, hydro, chemical, and solar mechanisms.
However, in a total economic meltdown, currency will not have value, so that point is mute. Knowledge and knowhow will rule in such situations.
However, in a total economic meltdown, currency will not have value, so that point is mute. Knowledge and knowhow will rule in such situations.
I have a friend in Cannes, France. You may not know anything about it, but there were terrible floods there 10 days ago.
http://www.bbc.com/news/world-europe-34443189
My friend told me her landline phone still doesn't work. There are no phones and no Internet in most of downtown Cannes. Electricity has been fixed quite rapidly, but for 2 days, the mobile phone networks were down, so no bitcoin, and no credit cards either! All the shops couldn't handle any transactions.
The only thing which kept on working was the fiber optic network, I guess because that's the newest.
The whole thing was very local. Everything was fine a few km North, but this shall reminds us that if there's a serious emergency, cash is the only safe option.
http://www.bbc.com/news/world-europe-34443189
My friend told me her landline phone still doesn't work. There are no phones and no Internet in most of downtown Cannes. Electricity has been fixed quite rapidly, but for 2 days, the mobile phone networks were down, so no bitcoin, and no credit cards either! All the shops couldn't handle any transactions.
The only thing which kept on working was the fiber optic network, I guess because that's the newest.
The whole thing was very local. Everything was fine a few km North, but this shall reminds us that if there's a serious emergency, cash is the only safe option.
"cash" that needs to be taken out an ATM. which is a problem if card readers in shops and banks are not working..
in case of disaster, favours, gold, valuables or sexual favours is the safe option. dont rely on cash as one day even france may drop the euro overnight.
Like Sweden ?
http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com//business-insider/people-in-sweden-are-hiding-cash-in-their-microwaves-because-of-a-fascinating-and-terrifying-economic-experiment
YES!!!
This is the biggest weakness with using Bitcoin - if the electricity goes out or you're unable to reach the blockchain, your funds are not accessible (they might as well be worth nothing).
But, Bitcoin was never designed to be a doomsday currency. It was meant to be a more fair, more efficient way to conduct current financial transactions.
This is the beauty of it, it won't need to replace fiat (nor should it) because fiat will always be necessary in emergency situations. This will help prevent the rulers of fiat currencies from meddling with Bitcoin.
This is the biggest weakness with using Bitcoin - if the electricity goes out or you're unable to reach the blockchain, your funds are not accessible (they might as well be worth nothing).
But, Bitcoin was never designed to be a doomsday currency. It was meant to be a more fair, more efficient way to conduct current financial transactions.
This is the beauty of it, it won't need to replace fiat (nor should it) because fiat will always be necessary in emergency situations. This will help prevent the rulers of fiat currencies from meddling with Bitcoin.
You know the only currency that would work in a doomsday scenario? a 12 gauge automatic shotgun. Im sorry but if anyone expects people to start trading gold coins in the middle of a post apocalyptic doomsday scenario, I think you have too many hopes.
Such a scenario is pretty sci-fi, so I don't see the worries. If electricity fails humanity failed.
If the grid goes down, there will be many graver problems than BTC not working... And, I don't care if BTC could theoretically work, NO ONE would want Bitcoin in a lights out.
But, the grid going down (long-term, not just hurricane damage, etc.) is not likely.
I do think that gold would retain value, but there is much to say for common-use ammunition. I would add ".22 LR" rounds, they are small and super-cheap.
Anybody remember "Gilligan's Island?" Thurston Howell had bags of money but they weren't worth anything on the deserted island. It was the professor who provided what everybody needed. In the event of an extremely cataclysmic local event, or a total crash of the world economy, the number one commodity will be knowledge...it is that simple! Our critical thinking skills, our understanding of the environment, our ability to function in a community, our physical health and our mental ability to adapt will determine our fates in such situations....not fiat or bitcoin or status or gold...but knowledge, health, and community.
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