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Topic: Currency Collapse, Bitcoin As A Fallback (Read 2619 times)

BGL
member
Activity: 60
Merit: 10
September 09, 2011, 12:54:41 PM
#27
The title of this thread should be renamed "Bitcoin Collapse, Currency As A fallback"
donator
Activity: 2352
Merit: 1060
between a rock and a block!
September 09, 2011, 12:33:32 PM
#26
I get most of my economic facts and forecasts from UFO magazines and it now seems that Western currencies may collapse.
This will lead to banks stopping access to savings, leaving peeps without cash in hand and skint.
Naturally, there needs to be something to fill the gap, so how can Bitcoin help? Maybe local stores that accept Bitcoins for bread
and petrol and UFO magazines etc?

Don't worry!  The aliens will come and save us. so there, you have nothing to worry about...

Where's that lithium I'm supposed to take daily... hmmmm.... can't find it...  maybe I left it on the UFO when I was abducted last night... do you remember if I left it there?

You must be one of them septics

OMG!!! you are so right... I remember now... I think my pills went down the septic... OMG!!!! can you spare me some?
hero member
Activity: 784
Merit: 502
September 09, 2011, 12:28:54 PM
#25
I get most of my economic facts and forecasts from UFO magazines and it now seems that Western currencies may collapse.
This will lead to banks stopping access to savings, leaving peeps without cash in hand and skint.
Naturally, there needs to be something to fill the gap, so how can Bitcoin help? Maybe local stores that accept Bitcoins for bread
and petrol and UFO magazines etc?

Don't worry!  The aliens will come and save us. so there, you have nothing to worry about...

Where's that lithium I'm supposed to take daily... hmmmm.... can't find it...  maybe I left it on the UFO when I was abducted last night... do you remember if I left it there?

You must be one of them septics
donator
Activity: 2352
Merit: 1060
between a rock and a block!
September 09, 2011, 11:52:04 AM
#24
I get most of my economic facts and forecasts from UFO magazines and it now seems that Western currencies may collapse.
This will lead to banks stopping access to savings, leaving peeps without cash in hand and skint.
Naturally, there needs to be something to fill the gap, so how can Bitcoin help? Maybe local stores that accept Bitcoins for bread
and petrol and UFO magazines etc?

Don't worry!  The aliens will come and save us. so there, you have nothing to worry about...

Where's that lithium I'm supposed to take daily... hmmmm.... can't find it...  maybe I left it on the UFO when I was abducted last night... do you remember if I left it there?
donator
Activity: 2058
Merit: 1007
Poor impulse control.
September 09, 2011, 11:22:07 AM
#23
Sorry, with your talk of UFO mags and such I honestly didn't think you were serious. If the economy collapses, the only things that will have value will be those that keep you alive for the next day. Bitcoins only work if there's an infrastructure to support it. How could transaction be verified without a network?
hero member
Activity: 784
Merit: 502
September 09, 2011, 11:02:14 AM
#22
But that means you allow in some electromagnetic radiation...

I have an acoustic connection to the outdoor fiber. For power I just use my trusty diesel generator

Sound has a much lower bit rate and would be much more prone to noise. You'll need to vacuum line the carrier all the way to the fibre, for a start. Also have your house on a rubber platform. I think you'd be better off using a small black hole and gravity waves to communicate.

I gots the sensation that this thread is starting to drift off-topic now.

Let me re-adjust shit up in here: The UFO mags I read say the banks are going to shut off access to
savings. Hence people will be skint and trying to buy lattes and petrol with bags of pennies they found
under their sofas.

Therefore, the shop that is selling food and lattes for bitcoins exchanged on USB drives is going to be a
valuable part of the community. Is this sound logic or have I missed something?
donator
Activity: 2058
Merit: 1007
Poor impulse control.
September 09, 2011, 10:05:32 AM
#21
But that means you allow in some electromagnetic radiation...

I have an acoustic connection to the outdoor fiber. For power I just use my trusty diesel generator

Sound has a much lower bit rate and would be much more prone to noise. You'll need to vacuum line the carrier all the way to the fibre, for a start. Also have your house on a rubber platform. I think you'd be better off using a small black hole and gravity waves to communicate.
full member
Activity: 196
Merit: 101
September 09, 2011, 09:45:57 AM
#20
Aww man, tinfoil hats do nothing to stop the eye movement neuro-reprogramming that comes through your pc and tv screens. You need special tinfoil glasses for that.
hero member
Activity: 784
Merit: 502
September 09, 2011, 09:10:47 AM
#19
Ummmm...  our friendly neighborhood currency Bitcoin IS COLLAPSING as we speak.  40% collapse down to $6 in one week?  What next week?  Next month.  I don't think we are in any position to be discussing Bitcoin as a fallback to anything. 

If the economy and financial system shudders that bad, you had better have a shed load of gold bars along with a sharp knife to cut shavings to pay for stuff IMO. .

Yeah buddy, but it's collapsing with respect to the dollar/paper. When the dollar is gone Bitcoin comes into it's own. Or something
sr. member
Activity: 280
Merit: 250
September 09, 2011, 08:32:56 AM
#18
But that means you allow in some electromagnetic radiation...

I have an acoustic connection to the outdoor fiber. For power I just use my trusty diesel generator
newbie
Activity: 59
Merit: 0
September 09, 2011, 07:51:33 AM
#17
Ummmm...  our friendly neighborhood currency Bitcoin IS COLLAPSING as we speak.  40% collapse down to $6 in one week?  What next week?  Next month.  I don't think we are in any position to be discussing Bitcoin as a fallback to anything. 

If the economy and financial system shudders that bad, you had better have a shed load of gold bars along with a sharp knife to cut shavings to pay for stuff IMO. .
hero member
Activity: 728
Merit: 500
September 09, 2011, 05:09:28 AM
#16
Tinfoil is the best way of keeping government sponsored electromagnetic waves out of the brain. Just try and
take an MRI scan with one on, the nurse will go fucking nuts!

I prefer to enclose my whole house in a Faraday cage, that way I don't have to wear the hat all the time in the shower and sleeping.

So where you compute then? You know they can get to you with power, water and telecomm wires Grin

You transmit data in and out of the faraday cage with lasers.

But that means you allow in some electromagnetic radiation...
legendary
Activity: 1148
Merit: 1001
Radix-The Decentralized Finance Protocol
September 09, 2011, 04:24:17 AM
#15
Tinfoil is the best way of keeping government sponsored electromagnetic waves out of the brain. Just try and
take an MRI scan with one on, the nurse will go fucking nuts!

I prefer to enclose my whole house in a Faraday cage, that way I don't have to wear the hat all the time in the shower and sleeping.

So where you compute then? You know they can get to you with power, water and telecomm wires Grin

You transmit data in and out of the faraday cage with lasers.
hero member
Activity: 728
Merit: 500
September 09, 2011, 04:11:48 AM
#14
Tinfoil is the best way of keeping government sponsored electromagnetic waves out of the brain. Just try and
take an MRI scan with one on, the nurse will go fucking nuts!

I prefer to enclose my whole house in a Faraday cage, that way I don't have to wear the hat all the time in the shower and sleeping.

So where you compute then? You know they can get to you with power, water and telecomm wires Grin
full member
Activity: 140
Merit: 100
BitVapes.com
September 09, 2011, 04:08:12 AM
#13
Tinfoil is the best way of keeping government sponsored electromagnetic waves out of the brain. Just try and
take an MRI scan with one on, the nurse will go fucking nuts!

I prefer to enclose my whole house in a Faraday cage, that way I don't have to wear the hat all the time in the shower and sleeping.
hero member
Activity: 784
Merit: 502
September 09, 2011, 04:05:32 AM
#12
If I were you, I'd go find some place that sells tinfoil hats for bitcoins asap!

Dude GOLDMAN FUCKING SACHS agrees that the economy is going to collapse, http://www.economicvoice.com/goldman-sachs-says-that-the-economic-collapse-is-coming/50023394#axzz1XHuM47BA

American banks. Like anyone believes their lies anymore outside of the US...

And seriously, pout on your tinfoil BEFORE you visit hippie-sites... their tree-hugging-alien-deathrays damage your brain man!

Right on brother! I'm getting pretty sick of people disrespecting tin-foil hats up in this thread!

Tinfoil is the best way of keeping government sponsored electromagnetic waves out of the brain. Just try and
take an MRI scan with one on, the nurse will go fucking nuts!

As for Bitcoin post collapse. I suppose we looking at a situation with no banks, no cash and no internet.
So carry it on a stick or on your iPod. Be careful of roaving bands of youths by keeping your BTC encrypted
hero member
Activity: 728
Merit: 500
September 09, 2011, 03:56:29 AM
#11
Bitcoins might be one option, personaly if I had to I would go with Yuan...

Yuan is still fiat govenment paper.  In the end, paper money is only worth as much as the paper its written on, its intrinsic value is generally as fuel in wood-burning stoves or as decorative wallpaper.

Silver and gold on the other hand...

Bitcoins is always just bits on computers, it doesn't have any intrinsic value just the value which people barter in it.

Gold and silver, minimal intrinsic, any metal will do apart from a few special tasks. Gold is one strange one, it has some realvalue, but most of it is just imanigative.


Stock weapons and non-perishable goods, you can take the land latter.
sr. member
Activity: 493
Merit: 250
Don't trust "BBOD The Best Futures Exchange"
September 09, 2011, 03:46:15 AM
#10
The_Duke: What do you think will happen instead?
sr. member
Activity: 252
Merit: 250
Lead Core BitKitty Developer
September 09, 2011, 03:44:23 AM
#9
If I were you, I'd go find some place that sells tinfoil hats for bitcoins asap!

Dude GOLDMAN FUCKING SACHS agrees that the economy is going to collapse, http://www.economicvoice.com/goldman-sachs-says-that-the-economic-collapse-is-coming/50023394#axzz1XHuM47BA

American banks. Like anyone believes their lies anymore outside of the US...

And seriously, pout on your tinfoil BEFORE you visit hippie-sites... their tree-hugging-alien-deathrays damage your brain man!
sr. member
Activity: 493
Merit: 250
Don't trust "BBOD The Best Futures Exchange"
September 09, 2011, 03:42:33 AM
#8
If I were you, I'd go find some place that sells tinfoil hats for bitcoins asap!

Dude GOLDMAN FUCKING SACHS agrees that the economy is going to collapse, http://www.economicvoice.com/goldman-sachs-says-that-the-economic-collapse-is-coming/50023394#axzz1XHuM47BA

edit: and when it does, you won't have internet for a while. your credit cards and cash will be worthless. hopefully you have friends who will protect you from looters, because the cops will have their hands full. bitcoin will be worthless until the nets go back up. (although - note that bitcoin could still work semi-offline on Freenet.) If the world doesn't end, hopefully your bitcoins will be more valuable than they are today.
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