“Bullets and food will be worth more than gold.”
And bitcoin will be absolutely worthless.
So? Cash will be worthless too. Credit cards.. worthless.
When society boots back up, Bitcoin would come back up. Cash... not so much.
What percentage of bitcoin actually gets used as currency?
Bitcoin’s popularity shows the worlds great mistrust of government backed currencies.
I haven’t checked recently but I believe you can use bitcoins to buy games on Steam, buy products on Amazon, without converting it to a govt currency first — they have contracted out that role. You probably are better off converting it to a govt currency first however.
A popular web browser here, Brave, is experimenting with using bitcoins to make very small donations to websites you support. Micro transactions are a big attraction of bitcoins. A very neat idea.
Bitcoins biggest danger comes from the usual suspects...government intervention, manipulation, competition, and fraud.
Bitcoins should be supported on this website because it increases personal liberty. Why does a currency have to be subordinated to a govt ...that certainly screws you left and right manipulating its own currency to its benefit.
I would not be surprised to see an official US Govt backed version of bitcoin in the future.