Topic: The Crypto-community in the mist of World War 3. (Read 196 times)

Lets just hope that what am actually reading in the news are just political tactics being played against each other. I just learned that the proposed meeting between Trump and Kim has been rescheduled to take place again. To me, this is a good move for the whole world.

You probably don't know anything about the war. And I wish you will never know what it is.
If there really will be a Third World War ..... Well, I don't think that the Internet at all will be or electricity in general. If people are refugees, very often they lose (in fires, shelling) even documents that prove their identity. I'm not sure that everyone will be able to take with them passwords or portable wallets.
During the war, real estate, cars are depreciating, inflation is growing by a million times, I don't know about cryptocurrency, it can in principle depreciate greatly, or, conversely, the price increase & it becomes a unique asset.
It's so scary, I can not even convey it to you with words. We all need to pray that this does not happen.

There isn't going to be WW3 anytime soon, don't worry too much about what you hear in the news. It's very unlikely to happen. However, in theory if it did happen crypto will crash just like everything else as all of our system are connected to the internet and that will be the first thing to go down if anything happens but as I said, it is not going to happen anytime soon.

I actually don't think if war could be a reason for crypto to fall. I mean the only reason for a cryptocurrency to fall is if it has been affected by any news of it or people selling their holdings of it.

I dont disagree completely with your point of view, but you will realize that a world war will definitely get Russia involved. And Russia as we all know, is one of the bigwigs in the cryptocurrency society. Any devastating effect of the war on Russian economy will in one way or the other, affect cryptos at large. You are talking about people rather taking cryptos as a refuse, this to me i think will be somehow difficult. Can you imagine yourself running for your precious life with your computer in your hands? To me, when war happens, food and shelter will be the main priority irrespective of whether you deal in cryptos or not. Also think of what happens when servers are destroyed and you lose your internet connection as well. The long and short of what am trying to say is that, when one of the bigwigs in cryptos is affected, it negatively affects cryptos as well.

It must be said that, firstly, there is no serious hotbed of military tension that could lead to a third world war. As we can see, there were problems with North Korea, but they basically decided. Russia is constantly provoking conflicts, however, in acute situations, it dodges itself from a tough conflict, as it was recently with the defeat of Syria by a small private Russian army, Wagner.
However, if a serious third world war begins, then, of course, it will have a very negative effect on the existence of the crypto currency. If the destruction is serious and in large areas, it is most likely that the crypto currency will stop walking at all and, until all, it seems to be forgotten. At such a time, it will simply not be up to crypto-wobble. In these times, any money is not appreciated, barter becomes effective.

Unless there was a cataclysm that destroyed our entire technological structure, I don't think that a world war could have any significant effect. While it's possible to continue mining cryptocurrencies and continue using mobile phones or personal computers to send or receive them through the internet, I think that everything would continue more or less the same. Regarding the price, which is what many people care more than anything, you can think that a world war would cause an economic depression and a lot of uncertainty, this could make many people think of cryptocurrency as a refuge, it's a possibility, but I would not bet completely for it either.

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Yes, i think it is tactics. Like the Pharmacist said, it is political posturing from Trump. He won't mean a war. War has cost America a lot of money in the past. The worst president Trump will do is to start a prolonged cold war with North Korea with more sanctions..

If there was a cataclysmic event, both fiat and cryptocurrencies would decline and most likely gold would go up.  

Cryptocurrencies, particularly alts, are still more nation dependent than they'd like to admit.  They may not be as single nation dependent as a sovereign currency, but are in many ways even more susceptible to issues of war, including the fact that you shut down power, cryptocurrency is worth nothing whereas sovereign currencies would still be trade-able in their hard forms.  

I don't believe WW3 is coming, but I do think general discussion about the value of cryptocurrencies in apocalyptic situations like mass solar flare, giant tsunami, super volcano, pandemic, regional war, giant scale hacking war, etc. all are worthy discussions and WW3 I guess is a good proxy for that conversation.  

Ultimately, I see the use case of most cryptos to be inferior to gold or hard currency in disasters.   Few crytpos actually provide any benefit in the widescale breakdown of services.  Anyone who says otherwise, imagine yourself without power for a month and tell me how valuable your cryptocurrency will be to you versus a gallon of gas or the equivalent amount in hard currency.  

Another key point people forget is the ability to commit a 51% attack in a situation where a nation's power grid is down.  Few currencies have master nodes distributed enough that a widescale regional disturbance - say a full electrical grid attack on the US - wouldn't substantially decrease the computing power required for a 51% attack.  So if a big area of the world did go down, smart speculators would pull out of most cryptos till threat of 51% attacks decreased.  

I like your in dept analysis. Learned something from it. Let's just hope and pray that it just the continuation of the Cold War. We can't afford another world war. We can't start from scratch again.

Well, he recently moved some war ships to the seas of China when the supposed meeting with Kim was cancelled. This even generated another issue with China. So why did he do that if he has no intention of going to war? Was it just a tactic?

The USA only has sanctions against Iran, N. Korea, Syria, Sudan, Cuba, and Venezuela. Venezuela was added in 2018, but before that the last one was added in 1993, or 25 years. Where do you get the idea that the USA is always imposing sanctions?

The President does not have the power to go to war. He must ask congress for permission to go to war and it must be voted on by the House and Senate. Relations with N. Korea are better now than before. Russia and Iran not so much. China, Iran, N. Korea have no force projection so any military conflict with them would be localized. So unless someone hits the big red button and nukes start flying, I wouldn't worry. Also just a reminder that Obama dropped a bomb every 8 minutes during his election. Were you worried about WW3 then?


How would any of the financial markets hold up? WW2 almost financially broke America. Japan was confiscating and melting peoples steel pots to make weapons. Europe was physically destroyed so they had no real economies. Russia was sending conscripts into combat unarmed then shooting them if they retreated. People were more worried about getting food, water, and shelter than maintaining their wealth. Gold prices maintained their value during the war so most likely precious metals would behave the same way during a massive world war. But you can't eat or drink your gold so it wont do you much good if your starving. Crypto only has value because people are willing to exchange it for goods and services. So ask yourself, would people accept it during a massive crisis? Would people even be able to transfer it during a crisis? Would the public ledgers stay intact? If your side lost what would happen to any wealth you had? Remember what the Nazis did with all the Jewish gold the confiscated?

Now, all scary and political stuff aside, the key to avoiding a war is for countries to become financially dependent on one another. If China declares war with the US, the US retaliates and cancels their government bonds, killing trillions of $$ worth of wealth. China has to import massive amount of resources to manufacture a lot of the stuff they sell back to the US. Without the US buying fake dog poo, their goes more of their GDP. America needs Rare earth elements from around the world to build high tech fighter jets and other high tech items. Without access to those elements, high tech manufacturing is doomed. The point is we are more stable when countries are trading with each other and all parties have a lot to loose in a conflict.

Now, some crack-pot with nukes (i.e N. Korea and Iran) that have routinely threatened to blow up and wipe other countries off the map are the ones you really have to worry about.  Luckily N. Korea has committed to disarming their nukes (who knows if that will actually happen). I could go on but its really pointless. I'll just leave my 2 cents worth. I firmly believe cooler heads will prevail and that the people in power are not really willing to risk their lives and more importantly (to them) their vast fortunes. What they say is just political posturing to maintain their position of power and wealth over the people they are in charge of.

Thanks for the correction about where to post this. But I was actually uncertain with regards to where to post it since I was talking about cryptocurrencies in general. Thanks once more.

Back to Trump. I don't really know what that man wants to achieve. Trying to impose his wishes on every country in the world? How? Sanctions here and there. So why is it only the USA that is always imposing sanctions? Can't they be sanctioned too?

I do not think that there will be a war in the coming months or years, if it happens it will be devastating for whole world, on the other hand usually during news of war or war occurrence the alternative assets usually get pumped due to investors moving their money from traditional assets to alternative assets and i think crypto currencies are even better than alternative assets like gold etc due to their decentralized and borderless nature.

There is a huge possibility that it will cause a negative effect, especially if the internet of the countries who involved of the war particularly the battlefield will be shut since its a war of nukes and air strikes. Once internet got shut there will be lesser users will trade or exchange or even use bitcoin or other crypto at that time since survival is highest priority.

Trump will not be that stupid to go into war with either N.Korea or Iran, not even any of the super powers because of his numerous investments which are all over the continents. He is not just a president. He is a cunny businessman who knows how to protect his investment. Now about bitcoin, if a war comes bitcoin will be the last thing on peoples minds. Survival will be the focus.

To be honest there's is no good thing in cryptocurrencies if the waris break out it will only cost chaos and destruction and loss of families, and the number of traders will be decreased. there will be a huge dump.

First of all, you probably should move this to Bitcoin Discussion since it doesn't necessarily have to do with altcoins.

It's a good question to ask, though.  I'm not sure if we're going to be at war anytime soon.  I see much of what Trump is doing as political posturing--but who knows.  He's a fucking psychopath, and I'm hoping he'll get voted out of office in the next election.  I'm still slapping my head that Americans elected him.

If war does break out, crypto is probably going to be low on the priority list, because it'll be an ugly war.  People will probably start hoarding precious metals.  In fact I'm kind of surprised that the gold market hasn't moved much in the last couple of years, what with all the uncertainty amongst the superpowers.  Bitcoin likely will react, but I'm not confident it'll be to the upside.  Already this year it's down quite a bit, and that's in the midst of everything N. Korea, Russia, China, and the US have been doing.  I just don't know.  But I don't think bitcoin or any of the altcoins are in any way flight-to-safety assets like metals are.  So people won't be flocking to crypto when they think fiat is going to be unstable.