Get a satellite phone with internet. Problem solved.
In an emergency, there is no electricity or battery.
Topic: cash remains the only option if there's an emergency - page 7. (Read 7910 times)
In an emergency, there is no electricity or battery.
...
The whole "cash is the only option" can be examined in three scenarios too:
1) Travelers on vacation or business are in a zone with a temporary emergency. They lose electricity, and so have to resort to cash (or perhaps gold if severe). BTC and credit cards won't be any good for the short-term IMO. And who travels with a Glock and ammo? This first scenario seems most likely (to Westerners anyway).
2) A really bad & longer-term emergency hits (say a Katrina) where you live. Then cash is still good, but that gun sure would make me feel better. Gold might be OK. Food and water enter the mix as people would be hungry & thirsty. BTC likely would not be too good either, credit cards probably not for a while after the emergency strikes.
3) A really bad SHTF. Internet goes down, so who would want to transact by BTC? Not me. Cash, guns & ammo, gold, food & water. This is the least likely scenario.
So, to me, BTC works best in non-emergencies. And, my best guess is that the system will limp along OK at least for some time. BTC, like platinum, is for optimists. BTC works well in a capital-controls environment as well.
The whole "cash is the only option" can be examined in three scenarios too:
1) Travelers on vacation or business are in a zone with a temporary emergency. They lose electricity, and so have to resort to cash (or perhaps gold if severe). BTC and credit cards won't be any good for the short-term IMO. And who travels with a Glock and ammo? This first scenario seems most likely (to Westerners anyway).
2) A really bad & longer-term emergency hits (say a Katrina) where you live. Then cash is still good, but that gun sure would make me feel better. Gold might be OK. Food and water enter the mix as people would be hungry & thirsty. BTC likely would not be too good either, credit cards probably not for a while after the emergency strikes.
3) A really bad SHTF. Internet goes down, so who would want to transact by BTC? Not me. Cash, guns & ammo, gold, food & water. This is the least likely scenario.
So, to me, BTC works best in non-emergencies. And, my best guess is that the system will limp along OK at least for some time. BTC, like platinum, is for optimists. BTC works well in a capital-controls environment as well.
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...
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...
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 ; )
That's fine in modest numbers. What if you've got half a continent making its way towards somewhere? That's going to be a smelly old mess however you look at it.
Get a satellite phone with internet. Problem solved.
In an emergency, there is no electricity or battery.
bitcoin was not meant to fulfill those niche isolated enviroment, it was not intended as the messia for every problem
some of those can still be resolved with the old traditional method, this does not mean that bitcoin is flawed or whatever...
But doing that seems like we're heading to a fiat-like currency too, right? Especially coins are off-blockchain so anyone can produce as many physical bitcoins as they can given that validation is absent with physical bitcoins.
It would be similar to fiat but more like gold and silver coins mainly to be used as a barter system. It's necessary when people cannot access the internet and need to use their bitcoins. The anonymity would still exist and taxes could be avoided.
@bold: There could be a trademark or symbol like we have for gold coins so that nobody could make fake bitcoins and cheat users.
Sir if this is a emegency you can try this things goto to nearest house or charging station or travel to other place does not affected,any has electricity generator to charge your phone after that depends on your carrier has a emegency text call or internet that can use it as emegency if theres a signal...
May i ask if what carrier do you use AT&t? At&t has a trick to unlimited all services like call text and also internet... Im not a professional to this but in my place if i need a emergency text i can do hack my network to have a internet unlimited to text or call via skype.... I have a knowledge about this kind of talent since 2007 and still i used it as my emegency case...
May i ask if what carrier do you use AT&t? At&t has a trick to unlimited all services like call text and also internet... Im not a professional to this but in my place if i need a emergency text i can do hack my network to have a internet unlimited to text or call via skype.... I have a knowledge about this kind of talent since 2007 and still i used it as my emegency case...
Get a satellite phone with internet. Problem solved.
In an emergency, there is no electricity or battery.
No electricity? - yes. No battery - hard to imagine.
Many places like hotels, restaurants, stores etc have their own power generators. In a state of emergency they most likely will help you to charge your phone.
Fiber optics are buried deep beneath the ground, so there is a chance that internet connection is available for those people who availed fiber connections. As for physical bitcoins, I don't think it would be that viable since you need to print or create something like fiat, plus transactions won't be recorded on the blockchain too.
I do believe that physical bitcoins will be available in the near future so that more people start making use of this currency as not everyone owns an internet connection and those who own might not be able to access their wallet in an emergency (network failure or pc crash). However, it would be like black money as the transactions wouldn't be recorded and people will keep buying it to avoid paying taxes.
But doing that seems like we're heading to a fiat-like currency too, right? Especially coins are off-blockchain so anyone can produce as many physical bitcoins as they can given that validation is absent with physical bitcoins.
Fiber optics are buried deep beneath the ground, so there is a chance that internet connection is available for those people who availed fiber connections. As for physical bitcoins, I don't think it would be that viable since you need to print or create something like fiat, plus transactions won't be recorded on the blockchain too.
I do believe that physical bitcoins will be available in the near future so that more people start making use of this currency as not everyone owns an internet connection and those who own might not be able to access their wallet in an emergency (network failure or pc crash). However, it would be like black money as the transactions wouldn't be recorded and people will keep buying it to avoid paying taxes.
Get a satellite phone with internet. Problem solved.
In an emergency, there is no electricity or battery.
A country wide outage is highly unlikely. As long as there are suitable methods of transportation, you'll always be able to get to a location that will at the very least allow you to access the internet via mobile, which will in turn allow you access to your coins
You won't be able to access internet at all when your city gets hit by a tornadoes and all the phone lines are downI love Bitcoin and love the anonymity it provides, but we can't completely stay away from fiat money yet, we still need those for a lot of stuffs
Unless, we have a physical Bitcoin that accepted at stores
Fiber optics are buried deep beneath the ground, so there is a chance that internet connection is available for those people who availed fiber connections. As for physical bitcoins, I don't think it would be that viable since you need to print or create something like fiat, plus transactions won't be recorded on the blockchain too.
Some still use an old phone lines to access the internet
I was joking about the physical Bitcoins
That idea sounds ridiculous and wouldn't happen in a long run
Depends on the severity of the emergency I would think. If you had a major worldwide disaster which killed off half the population and a majority of crop land etc. you'd expect that cash and gold be less relevant simply because there would be demand for things like food and shelter whereas cash and gold are useless (unless they can buy things). If society recedes far enough you would simply return to the barter system - it takes society as a whole to choose a currency/token for it to be useful.
Food would be scarce and valuable but food rots. Gold will be king again, it still has the same properties so if we regress to that state then it's only natural that we adopt it again.
Depends on the severity of the emergency I would think. If you had a major worldwide disaster which killed off half the population and a majority of crop land etc. you'd expect that cash and gold be less relevant simply because there would be demand for things like food and shelter whereas cash and gold are useless (unless they can buy things). If society recedes far enough you would simply return to the barter system - it takes society as a whole to choose a currency/token for it to be useful.
Get a satellite phone with internet. Problem solved.
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.
I think if there is a serious emergency, even cash doesn't matter so much for people. In such cases everyone will think just about how to survive , trading and making money , will be details not really interesting . That's why i think that its the same case for both cash and Bitcoin if there's a serious emergency
If one doesn't have access to the internet, bitcoins are absolutely useless to them and only cash comes handy. Except few online shopping portals and exchange websites, it's quite tough to make use of bitcoins unlike other currencies and hence Cash is always preferred.
I dont carry cash like that, you are putting a bounty on your own head. If you are ready to give it away freely then carry on. Even the police act suspicious of people who carry their cash worth with them and the law says they can confiscate indefinitely without ever bringing charges which has to be the nastiest official tax I ever heard of. Meanwhile bitcoin is borderless, if we are literally talking floods then even cash is useless as you want food and fuel and these are true tradable items
Depends a lot where you. If you are in a country where most shops don't accept credit cards, you have no choice. If you've seen the movie "the girl with a dragon tatoo", I know a girl who looks just like that who routinely has $10,000 with her.
Don't worry about the police. I've been arrested with cash, and I always got out with what I had. You just say you don't have a bank account in this country.
A country wide outage is highly unlikely. As long as there are suitable methods of transportation, you'll always be able to get to a location that will at the very least allow you to access the internet via mobile, which will in turn allow you access to your coins
You won't be able to access internet at all when your city gets hit by a tornadoes and all the phone lines are downI love Bitcoin and love the anonymity it provides, but we can't completely stay away from fiat money yet, we still need those for a lot of stuffs
Unless, we have a physical Bitcoin that accepted at stores
Fiber optics are buried deep beneath the ground, so there is a chance that internet connection is available for those people who availed fiber connections. As for physical bitcoins, I don't think it would be that viable since you need to print or create something like fiat, plus transactions won't be recorded on the blockchain too.
A country wide outage is highly unlikely. As long as there are suitable methods of transportation, you'll always be able to get to a location that will at the very least allow you to access the internet via mobile, which will in turn allow you access to your coins
You won't be able to access internet at all when your city gets hit by a tornadoes and all the phone lines are downI love Bitcoin and love the anonymity it provides, but we can't completely stay away from fiat money yet, we still need those for a lot of stuffs
Unless, we have a physical Bitcoin that accepted at stores
Jump to: