Currency Collapse, Bitcoin As A Fallback - page 2.

The_Duke

sr. member

Activity: 252

Merit: 250

Lead Core BitKitty Developer

Quote from: BitVapes on September 09, 2011, 02:24:29 AM

Quote from: Ekaros on September 09, 2011, 02:21:57 AM

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...

Can you eat gold or silver? The only thing with real value is having land, the means to defend it or the means to take it. And some land is worth more than others.

BitVapes

full member

Activity: 140

Merit: 100

BitVapes.com

Quote from: Ekaros on September 09, 2011, 02:21:57 AM

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...

Ekaros

hero member

Activity: 728

Merit: 500

Hmm, thanks for idea I got some used tinfoil I don't need anymore, ah a hat...

Still, hyperinflation is only easy way for west to get out, not very easy, but much better than decades paying back the money.

Bitcoins might be one option, personaly if I had to I would go with Yuan...

BitcoinHats

newbie

Activity: 5

Merit: 0

Quote from: The_Duke on September 09, 2011, 02:01:26 AM

If I were you, I'd go find some place that sells tinfoil hats for bitcoins asap!

*ahem* I'm working on that... Cheesy

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: bonker on September 09, 2011, 01:49:49 AM

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.

I know they say that history repeats itself, but 'this time is different' because we are so modern and responsible in the West (not including Argentina) in these unique times. So your UFO mags must be wrong.

Quote from: bonker on September 09, 2011, 01:49:49 AM

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?

For my part, I am making an admittedly outside bet that if currency controls were enacted, I could potentially pop up in some other part of the world and be able to obtain enough value to get by for a while. That is one of the draws of BTC to me.

The_Duke

sr. member

Activity: 252

Merit: 250

Lead Core BitKitty Developer

Quote from: bonker on September 09, 2011, 01:49:49 AM

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?

If I were you, I'd go find some place that sells tinfoil hats for bitcoins asap!

bonker

hero member

Activity: 784

Merit: 502

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?

Topic: Currency Collapse, Bitcoin As A Fallback - page 2. (Read 2672 times)