Saltwater60
20×102mm Vulcan
Just curious how one would go and spend crypto at say wegmans to obtain groceries. I have no clue, but doesn’t seem feasible in the current day.
Trudeau is freezing trucker protestors bank accounts
- Thread starter Saltwater60
- Start date
That has always been a limiting factor for me. You might be able to find places in a big city that would accept it. But in suburban or rural America cryptocurrencies can't be practically used. My benchmark is Wegmans. When they start accepting Bitcoin I'll consider it a viable alternative.
I'd say they are making the case for a strictly cash based society.
I completely disagree. Because 90% of America is on their phone if they shut down the internet they gain control. The government narrative becomes the only narrative. I have no doubt there are plans on paper on shutting down the internet if a true national uprising occurs.
Cavalry
.338 Win Mag
Exactly. Alcohol, salt, sugar, dry goods, batteries, bic lighters, medications, warm clothes, etc. Bartering ammo is problematic as it could be used in the end to take your stuff.
Paxal
.223 Rem
And where might that be? I’d like to know.
libertysnake
.338 Win Mag
Jerky, hard tack, nuts. Homemade MREs essentially.
Gold and silver has been used as money for a couple of thousand years. I'd say we're more likely to revert back to that than adopt cryptocurrencies.
Saltwater60
20×102mm Vulcan
I was thinking along the same lines. The problem is these businesses have no reason to take it. There’s more hassle involved and more risk I would say. They can always just say covert it and buy from us. Until a good portion of their customers want it they won’t do it. Maybe in 10-20 years.
Xae289
.223 Rem
Not really. Don't get me wrong, gold and silver have a solid place in investment. If we suffer some massive hyperinflation (or even regular inflation), when the economy restabilizes, gold will turn out to have probably preserved its relative value very well. At least that's how it's worked in historical currency collapses. Think less of paying for groceries in gold coins and more of having an inflation resistant bank account that will preserve a good deal of value for you once the economy restabilizes. But that's also not an argument against also holding onto some crypto. Asset diversification can be good. Bullion, crypto, cash, ammo, shelf-stable food, skills, tools, etc. Remember, any currency is ultimately just a token representing the value of work.
Carlos Hathcock
.450/400 Nitro Ex
As stated many times, invest in lead, copper, and brass. When shit hits the fan, gold and silver won't be worth a damn.
Maybe. Maybe not. As long as cryptocurrencies are traded/exchanged between a relatively small number of people I don't see how it will replace the dollar or gold/silver. And small could be a million people when the population is 320 million Americans or 8 billion worldwide.
I'm onboard with the concept of asset diversification. I just like assets that are readily accepted at mainstream places like grocery stores or drug stores. In 10 years the world may change sufficiently that crypto makes sense.
If the gov takes the money, anarchy will be rampant. The streets will flow red with everyone's fluids.
You need a fighting knife and hatchet, shooting could bring a mob down on you.
Probably end up on foot as robbery will be off the charts.
You can not hesitate in a combat situation, right or wrong, me and mine come first.
You need a fighting knife and hatchet, shooting could bring a mob down on you.
Probably end up on foot as robbery will be off the charts.
You can not hesitate in a combat situation, right or wrong, me and mine come first.
Xae289
.223 Rem
Crypto almost definitely will not replace government-issued, fiat currency in our lifetimes. It certainly won't replace gold because gold and silver have some commodity value and are used to manufacture things like jewelry and some electronics. Gold won't replace government-issued, fiat currency either. And honestly, gold is no more an accepted form of payment than crypto. Unless you know stores where you can walk in with a lump of it and a scale then chisel off as much as you need to pay for your groceries. I certainly don't. Not many places take crypto either, but some do.
My point isn't to convince you to invest in crypto or that gold is bad. Like I said, bullion is a perfectly fine investment, just don't confuse it for something that it isn't. In the present, it's not money. In a SHTF situation, it has no inherent value beyond what people assign to it. Private ownership of it can and has been outlawed in this country.
All depends on how hard it hits the fan. Weimar Germany or U.S. Great Depression level bad? Hold onto your gold. Worse than that -- forget about it.
RedBreast21
6.5 Creedmoor
Well, what else would you expect. It can be here soon enough. We gave them the power. They don't need to swoop in and take our guns they just destroy every aspect of your life until you comply. Starve you into compliance. Deny everything from a job to seizing every asset you have. The real fight was 30 years ago, 20 years ago, 10 years ago. Today it could be over in 60 days. We'll know if any part of the Republic is left and our fate in Nov.
We need to support our Canadian allies in their fight since we as a country have lost out way and are ineffective in dealing with our government.
We need to support our Canadian allies in their fight since we as a country have lost out way and are ineffective in dealing with our government.
ManualF150
.308 Win
I've been saying this all along to a lot of people for decades. Now that some of them are noticing that it's getting harder and harder to keep to themselves, now only do they care. They don't think I'm a crazy conspiracy lunatic anymore. They come to folks like us for the answers.
I am hoping that folks pick up on the bandwagon on the trucker's movement in the US. If two large continents protest peacefully with massive numbers, that will be a start.
FBI to Form Cryptocurrency Unit, Focusing on Seizure of Virtual Assets: DOJ FBI to Form Cryptocurrency Unit, Focusing on Seizure of Virtual Assets: DOJ
DoOver
.450/400 Nitro Ex
