cash remains the only option if there's an emergency - page 6.

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: Pyr3x on October 21, 2015, 11:21:44 PM

Quote from: WhatTheGox on October 21, 2015, 04:20:58 PM

Quote from: LFC_Bitcoin on October 15, 2015, 10:30:34 AM

If there is a real emergency or some sort of epidemic then even cash is useless. I'd be moving with my Glock, that'd be the only way to survive

Yeah, you want guns, dogs, food stocks, medical supplies, a large group of people who you can trust. Then you work on rebuilding society.

That sounds more like the walking dead...

Haha, I was thinking the same thing when I was reading through all the comments... but really, there is no telling what you need to "stock up" on for some unseen "emergency" because, no one will no in advance what "emergency" to prepare for.

I don't know if anyone on here has seen that show "Preppers", but it basically is a show that shows people prepping for some kind of apocalyptic event that they think will happen... If you watch the show, you will see people preparing for very different scenarios, and even starts out each show with "This is Bob, he is preparing for a Nuclear holocaust by building an underground bunker and storing X amount of food"... then the next show will be something along the lines of, "This is Alice, she is preparing for a zombie apocalypse by stocking up on guns, ammo, gasoline, etc. etc." ... So in short, there are more than one "apocalyptic" scenario one would have to prepare for... Not to mention, no one would know if the internet will still be up and running or not... so bitcoin could maybe still have some value during such an event.

Pyr3x

full member

Activity: 602

Merit: 100

Quote from: WhatTheGox on October 21, 2015, 04:20:58 PM

Quote from: LFC_Bitcoin on October 15, 2015, 10:30:34 AM

If there is a real emergency or some sort of epidemic then even cash is useless. I'd be moving with my Glock, that'd be the only way to survive

Yeah, you want guns, dogs, food stocks, medical supplies, a large group of people who you can trust. Then you work on rebuilding society.

That sounds more like the walking dead...

WhatTheGox

legendary

Activity: 812

Merit: 1000

Quote from: LFC_Bitcoin on October 15, 2015, 10:30:34 AM

If there is a real emergency or some sort of epidemic then even cash is useless. I'd be moving with my Glock, that'd be the only way to survive

Yeah, you want guns, dogs, food stocks, medical supplies, a large group of people who you can trust. Then you work on rebuilding society.

Pyr3x

full member

Activity: 602

Merit: 100

Quote from: Wapinter on October 18, 2015, 04:38:56 PM

Quote from: RyanLZ on October 18, 2015, 07:51:48 AM

Quote from: Pyr3x on October 17, 2015, 10:26:15 PM

Get a satellite phone with internet. Problem solved.

In an emergency, there is no electricity or battery.

Even if you have electricity,the seller or other person must also have satellite phone to receive your payment

You are speaking about a global catastrophe which clearly at that point what does it matter right? But if it's a local issue I doubt you would have much issue. I'd stash my device with a charged up battery in a waterproof container out something in an emergency. I am pretty sure my solution could be viable at that point.

CasioK

hero member

Activity: 826

Merit: 1000

Quote from: Rumichbit on October 19, 2015, 01:20:59 PM

When there is an emergency Cash is useless against Guns and Power..

I believe OP is not meant that kind of emergency like a life threatening moments. Fiat is widely accepted every where so, people can use it when ever they wanted. Bitcoin also will become similar or more than fiat at now a days. But we need price appreciation to make that is possible.

Rumichbit

full member

Activity: 132

Merit: 100

Bsupra C. Member

When there is an emergency Cash is useless against Guns and Power..

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: afriezalie on October 19, 2015, 12:38:05 PM

In very emergency problem, you will need cash on your hand because gold and bitcoin will not work in very emergency situation. Gold can be useful depend on your situation ( like wars and you need evacuate to other country ). But in many situations, cash is the best option for emergency situation like earthquake, flood, and other natural disasters.

Everything is based on the country we live in. If bitcoin is widely accepted or at least bitcoin ATMs are available in your street or city, then bitcoin also will be helpful for any emergency. Otherwise gold o fiats are the only savers as we can find many resources to accept those two savings.

afriezalie

sr. member

Activity: 364

Merit: 250

In very emergency problem, you will need cash on your hand because gold and bitcoin will not work in very emergency situation. Gold can be useful depend on your situation ( like wars and you need evacuate to other country ). But in many situations, cash is the best option for emergency situation like earthquake, flood, and other natural disasters.

designerusa

legendary

Activity: 2310

Merit: 1028

It is really funny story but sadly yes. Technology brings us luxury but it is never guarenteed. Banking system may crash, electricity may cut off, internet could be useless and slow. So cash functions after that. It is lord saviour.

Betwrong

legendary

Activity: 3234

Merit: 2112

I stand with Ukraine.

Quote from: nydiacaskey01 on October 18, 2015, 10:03:59 PM

I think nothing can replace cash in the next 10-20 years, using credit cards have it's disadvantages as well because of its interest rest and possibility of being cloned. Same with using prepaid and debit cards. Bitcoin will be used only online.

What do you mean by that exactly? Of course Bitcoin will be used online, but from using it you can get something, some food or some services, in real life.

IMO to say "Bitcoin will be used only online." is like to say "cash is only paper".

mallard

full member

Activity: 196

Merit: 100

It's a lot easier to steal somebody's cash than it is to steal their Bitcoins (provided that they secure them properly).
If the price wasn't so volatile I'd happily keep most of my savings in Bitcoin.

RyanLZ

newbie

Activity: 42

Merit: 0

Quote from: Ilsk on October 18, 2015, 08:18:53 PM

For some situations cash is just better, not only in emergencies. Bitcoin can take the place of bank transfers, not of cash.

Bitcoin will coexist with fiat for decades. The adoption of bitcoin in society is a gradual process, will take centuries.

Kakmakr

legendary

Activity: 3472

Merit: 1963

Leading Crypto Sports Betting & Casino Platform

When the shit hits the fan, I will stock up on some cigarettes. I am not a smoker, but there are loads of people who are, and that will be to my benefit. Smoking is a addiction and most people will trade food for a cigarette. ^hmf^

I think Bitcoin will survive as a currency, but fiat will always be around because it is in abundance. The only problem is, it will still be worthless and more practical to use as toilet paper. ^LoL^

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

I think nothing can replace cash in the next 10-20 years, using credit cards have it's disadvantages as well because of its interest rest and possibility of being cloned. Same with using prepaid and debit cards. Bitcoin will be used only online.

Kevin77

legendary

Activity: 1652

Merit: 1057

In my experience, only plastic money is more useful than fiats now a days in many country. Bitcoin may over take the plastic money with mobile wallets when most of the merchants and services starting accept bitcoin. I foresee those days when we can each and everything with mobile and instant confirmation too.

Pathi

sr. member

Activity: 244

Merit: 250

Guy's, in a true shtf situation knowledge is king. I read an article once that concerned a refugee from a civil war. He lived in a city with no services for 2 years.

The thing that struck me was this, the man that made and repaired oil lamps never missed a meal.

Ilsk

legendary

Activity: 833

Merit: 1015

For some situations cash is just better, not only in emergencies. Bitcoin can take the place of bank transfers, not of cash.

jeffthebaker

legendary

Activity: 1526

Merit: 1034

Quote from: LFC_Bitcoin on October 15, 2015, 10:30:34 AM

If there is a real emergency or some sort of epidemic then even cash is useless. I'd be moving with my Glock, that'd be the only way to survive

Haha, yeah this is what I was thinking, reminds me of the walking dead.

In one of the episodes, they find a bunch of money in a country club, and literally just burn it because that's its only value.

So in regards to OP, unfortunately Bitcoin is still useless in the event of real emergency. But in the event of a catastrophic event, what good will any legal tender do you?

Hellacopter

hero member

Activity: 742

Merit: 500

Quote from: pedrog on October 18, 2015, 01:47:45 PM

That sucks big time, not only for private use but also for businesses, I work in IT, no Internet means I cannot do my job.

I always have cash for at least a month of normal spending, in case of something like this happen or I lose my cards, it's always better to be prepared...

It's hard for everyone nowadays to imagine working without internet, and especially for the networkers and the Bitcoin's fans, although such emergency cases still possibles to happen any time

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

Are we prepared to admit to ourselves that in a fall of society type scenario Bitcoin usage is a totally ridiculous abstraction from the good old days however you want to pitch it? I certainly am.

Topic: cash remains the only option if there's an emergency - page 6. (Read 7910 times)