cash remains the only option if there's an emergency - page 8.

dothebeats

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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

This is quite.. fun. Cheesy

But seriously, though, even in calamities, cash would always be the only option--not that it's the best, but it is the only thing you can use to buy goods in times like that. Fiber optics could relay information through the internet, but not everyone have access to it, so that isn't a viable option. Bitcoin is in its infancy, and we couldn't deny the fact that it is still inferior to fiat. Other emergencies we could uae bitcoin but in calamities and such? We're too far away from that.

QuestionAuthority

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Quote from: gentlemand on October 17, 2015, 07:58:28 AM

Quote from: S4VV4S on October 17, 2015, 06:50:53 AM

We will need to get back to way things were, so money and cooperation will be required.
Shooting each other wont solve the problem, it will only make it worse.

Sure, if things are a bit crap but everyone's fundamentally fine there won't be much drama.

People don't think that far ahead if they're starving or their beloved is being ravaged by a disease. They'll take what they feel they need from others. Civility is a pretty thin facade that's fine as long as everything's running smoothly.

Look what happened in New Orleans post hurricane. There was a fully functioning first world country just out of reach and things turned to shit in no time at all.

That's right. And if I don't use a gun how am I supposed to get my neighbors 40kw Onan generator I've had my eye on. lol

gentlemand

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Quote from: S4VV4S on October 17, 2015, 06:50:53 AM

We will need to get back to way things were, so money and cooperation will be required.
Shooting each other wont solve the problem, it will only make it worse.

Sure, if things are a bit crap but everyone's fundamentally fine there won't be much drama.

People don't think that far ahead if they're starving or their beloved is being ravaged by a disease. They'll take what they feel they need from others. Civility is a pretty thin facade that's fine as long as everything's running smoothly.

Look what happened in New Orleans post hurricane. There was a fully functioning first world country just out of reach and things turned to shit in no time at all.

emelac

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Quote from: QUEDOS on October 16, 2015, 04:46:13 PM

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

The winter is approaching and some countries are short of power stations, or rely on power station fuel imported through unreliable channels. During the winter when excessive demand is made on their national grids there are periods when there is insufficient electricity to supply the whole country. Some areas have complete blackouts, and others have reduced quantities of electricity transmitted to their homes. For very big countries it's a long drive to get to another area with enough electric to access the internet, or a working ATM.

In that situation fiat is the only real way of buying things in the short term, but most shops would be shut anyway as their tills run on electricity.

S4VV4S

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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

Not entirely true IMO.
If there is some kind of EMP even a natural one like a solar one then some kind of money will still be needed.
We will need to get back to way things were, so money and cooperation will be required.
Shooting each other wont solve the problem, it will only make it worse.

STT

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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

countryfree

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Quote from: tennozer on October 16, 2015, 02:21:24 PM

Quote from: countryfree on October 15, 2015, 10:24:54 AM

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.

So you are keeping your cash in to your bank account.Right? If there is a disaster you can not use ATM and you can not get cash. It is same like bitcoin too. If you do not have internet you can not spend them.

No. Cash is what you have in your pocket. I always have a couple hundreds in my pocket. A while ago, I use to have a couple thousands, maybe I'll need to do it again as a safety measure. Quite often there's no other choice if I'm in a country where there are few ATMs.

Quote from: smoothie on October 16, 2015, 04:20:25 PM

Um barter is always an option. So no your claim that cash is the only option is flawed.

Need to change your thinking to pre-fiat, pre-gold, pre-silver days of trade.

Barter? I have nothing to exchange and very few people are actually open to it. When you go to a gas station, or a grocery store, they won't accept anything but money. Besides, I have no time to waste in negotiating for basic things. I sure do negotiate when I'm buying a car, but I don't want to do each time I'm getting a burger.

Hugroll

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imo cash cant be replaced, its just really handy and easy to pass on. but the virtual cash we transact is meant to be replaced by bitcoin.
bitcoin cant be used in all scenarios though, if you are just buying something small like a candy bar at a shop and need to pay fast bitcoin wont do the job, unless the owner trusts you not to double spend lol. cash is more versatile than bitcoin in person

unamis76

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Very often we receive feedback of people being practically saved by Bitcoin when abroad or when in need... So define emergency in your thread title

There are emergencies where Bitcoin is in fact valuable...

Pab

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Quote from: pereira4 on October 15, 2015, 10:30:42 AM

Quote from: countryfree on October 15, 2015, 10:24:54 AM

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.

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.

It is very strongle promoted all over media that some day will be no cash,maybe in USA,becouse there islot of people all over the world with no internet acces .People all over the world are stilll using cash,if governament in some countrys will like to set up rules like that,people will change governament.Are you agree to be slaves,does your country is a kind of dictatorship or is so called democracy
What is that mean governament will decide,is there really so bad

QUEDOS

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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

smoothie

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Quote from: countryfree on October 15, 2015, 10:24:54 AM

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.

Um barter is always an option. So no your claim that cash is the only option is flawed.

Need to change your thinking to pre-fiat, pre-gold, pre-silver days of trade.

QuestionAuthority

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Quote from: chennan on October 16, 2015, 12:15:45 PM

Quote from: QuestionAuthority on October 16, 2015, 01:51:08 AM

Quote from: gentlemand on October 15, 2015, 12:03:22 PM

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.

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

Haha, I literally lol'd at this. The thing is with speculating about what's going to happen when an "apocalyptic" even occurs, is that there is no way to know what kind of threat you are going to be facing, so there's really no idea how to prepare for it. You don't know whether it will be a massive flood, comet hitting earth, nuclear warfare, ey in the bank.air borne virus, etc. etc. ... But if it gets to the point where people will riot, you need to be one of the first to act on it to get the most goods as possible. And for me, I would probably not think any thing of the situation before its too late, so I just hope that nothing like that would happen.

And why would you need a tight ass and nice buns?? lol.

People are prescribed antibiotics 1 out of every 3 times they visit a doctor. You can be living with a doctor but if he doesn't have a storehouse of antibiotics, you may as well be living with an auto mechanic. Antibiotics are better than cash in some third world countries.

Why a nice tight ass? Seriously? The same reason people use a tight ass right now. It's like money in the bank. lol

cellard

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Actually if there is a flood, and you lose your phone, it would mean you also lost your wallet, so your bills got moist and destroyed, and coins are useless, not enough value there, plus they will be lost within the wallet too anyway.

So if you keep your wallet, you keep your phone. If you keep your phone, and we launch nodes on space in the future so Bitcoin is availible worldwide, then Bitcoin wins in any situation.

tennozer

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Quote from: countryfree on October 15, 2015, 10:24:54 AM

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.

So you are keeping your cash in to your bank account.Right? If there is a disaster you can not use ATM and you can not get cash. It is same like bitcoin too. If you do not have internet you can not spend them.

mtnsaa

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Completely agree, if there's a energy blackout or similar, like preppers stuff, all digital technology will be reserved for the elite and government. Bitcoin shares some nice ideologies but if fiat money falls (US Dollar basically) Bitcoin won't save the day, we'll have huge infrastructure problems and possibly imminent wars for resources.

Omikifuse

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only option as only people keep faith that they will be in touch with the central bank and the economic system.

when things are really bad, I think only gold and physical things will matter, as long there is no one with more weapons than you to steal them

BADecker

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Before we had GPU mining, there was only CPU mining. Then came the GPUs and finally the ASICs.

Why not hand-held walkie-talkies that do only two things... communicate with the Bitcoin blockchain... and each other. At least in the big cities we wouldn't need the Internet, because, these being battery operated, would do all the communicating directly. They could integrate with the Internet as well. This way people could use Bitcoin like cash. The hand-helds would be the network.

See the article "Building Cell Networks Like Wi-Fi Could Make Service Better" at https://www.freedomsphoenix.com/News/184898-2015-10-15-building-cell-networks-like-wi-fi-could-make-service-better.htm to see how people are thinking along the lines of making cell phones connect like WiFi.

Just think of all the smartphones that could be adapted to use Bitcoin if they could all talk directly to each other. There wouldn't be much chance of an Internet collapse hurting Bitcoin this way, and people could use their phones, easily, for cash-like transactions... even at yard sales.

Wapinter

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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

Absolutely.In situation like this prices rise rapidly and you must carry a lot of cash even if you find something to buy.Most of the time people need humanitarian help in emergency or disaster not money

chennan

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Quote from: QuestionAuthority on October 16, 2015, 01:51:08 AM

Quote from: gentlemand on October 15, 2015, 12:03:22 PM

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.

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

Haha, I literally lol'd at this. The thing is with speculating about what's going to happen when an "apocalyptic" even occurs, is that there is no way to know what kind of threat you are going to be facing, so there's really no idea how to prepare for it. You don't know whether it will be a massive flood, comet hitting earth, nuclear warfare, air borne virus, etc. etc. ... But if it gets to the point where people will riot, you need to be one of the first to act on it to get the most goods as possible. And for me, I would probably not think any thing of the situation before its too late, so I just hope that nothing like that would happen.

And why would you need a tight ass and nice buns?? lol.

Topic: cash remains the only option if there's an emergency - page 8. (Read 7910 times)