I don’t disagree that bitcoin can be valued in other “forms of currency” like silver and gold, or copper or bales of cotton. The reality is that bitcoin ties itself to currency. Don’t forget the utility value of currency. It’s hard to move bales of cotton to get a haircut and then get change in bitcoin.
Besides, what is the probability that all currencies will implode at the same time? Unless bitcoin can be held and transacted easily by billions of people before a currency implosion, a person with bitcoin “wealth” has nowhere to transact very easily. In fact, the energy needed to transact might not be available in the place where the currency imploded.
That's it... bitcoin doesn't need change. It is divisible to 8 digits. It is paid exactly. Or do I misunderstand your point??
Unless bitcoin can be held and transacted easily by billions of people before a currency implosion, a person with bitcoin “wealth” has nowhere to transact very easily.
Not sure you would need billions of people.
In fact, the energy needed to transact might not be available in the place where the currency imploded.
If there is no longer power, we will have bigger problems and will be bartering ammo, beans and toilet paper.
I'm betting the electricity will come on again.