An old school thread for the old school stackers…
Although I’m personally not a hardcore prepper, it’s a question that I often ponder. How would Bitcoin fair in a true ‘shit hit the fan’ scenario?
What we know:
- Bitcoin relies on an internet connection (for most part, for most people - I know there are other options for sending transactions but most folk wont have this kind of set up)
- In most SHTF scenarios, power will be lost. Which would mean internet.
- 4/5G is a possible option, providing the SHTF is concentrated to one area only. Limited to 4/5G repeaters in the area still operating.
- Bitcoin was used in the recent war in Ukraine to store/transfer wealth. It appeared to work here, although I do not have all the facts for this.
In a SHTF scenario, we would need:
- Person to person currency/trading (p2p)
- A store of wealth
- and a means to possibly bug out and travel with the above two safely
Have I missed any discussion points here?
And is Bitcoin on your SHTF checklist?
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