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To: EnderWiggin1970
Until I can physically walk into Kroger with something tangible & unalterable and buy products, what good is it when the SHTF?

Bitcoin is worth $68,000 something like that, right. Inflation rages & a bc is "worth" much more, a 100 times that - and it does not matter how you figure it and how you safeguard it...so what? It still has to be converted into something suitable for everyday, non-internet on-the-steet commerce. Something already wildly inflated.

All this conversationn should be about post-SHTF, when anyhing internet connected may not be worth anything - banking accounts, 401k, credit cards.

If you want to talk "on paper" wealth, have fun with it.

60 posted on 03/11/2024 7:41:30 PM PDT by citizen (Put all LBQTwhatever programming on a new subscription service: PERV-TThose look good)
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To: citizen
Until I can physically walk into Kroger with something tangible & unalterable and buy products, what good is it when the SHTF?

Nothing will be of much use in the short term in that case. Keep cash on hand for that.

If the shit hits the fan, banks won’t be open, card networks won’t function, and good luck paying for groceries in gold bars. It is possible that if cell networks still work, crypto might be the only payments network left standing, since everything else requires centralized network control.

Crypto doesn’t. All you need is a basic Internet connection.

64 posted on 03/12/2024 8:02:56 AM PDT by GunRunner
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To: citizen
when anyhing internet connected may not be worth anything…

Also, there’s no way to wipe out bitcoin unless you were destroy the entire Internet and every single network device on the planet. There is no centralized Bitcoin hub or server, so even if you lose access to it due to a network outage, it will still be there once you reconnect.

65 posted on 03/12/2024 8:11:19 AM PDT by GunRunner
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