seems to me that puerto rico is in a plenty bad situation even though they are not currently on bitcoin.
being on bitcoin would provide some helpful side benefits such as seeking information from the internet instead of from the television in a case where it could pay to be better informed about the world. possibly having a better chance to have evacuated.
having the timely information and resources in puerto rico, the best decision would have been to evacuate.
For the unfortunate ones who are stuck in the bad situation, it is a time for the community to come together and help each other without regard for expenses. this is an alternative incentive.
If the whole world suddenly becomes like puerto rico all at once fiat or gold wont save you. you will have more pressing concerns than your wealth.
Concur, that economy was a shitshow prior to Maria. But, this raises a valid side point; for all the warning in the world, who had the means to actually leave the island? Consider. I live in the good ole US of A, and apparently the majority of my countrymen can't afford a $500 emergency on average.
http://money.cnn.com/2017/01/12/pf/americans-lack-of-savings/index.htmlNearly six in 10 Americans don't have enough savings to cover a $500 or $1,000 unplanned expense, according to a new report from Bankrate.
Only 41% of adults reported having enough in their savings account to cover a surprise bill of this magnitude. A little more than 20% said they would put it on a credit card, the report said, while 20% would cut their spending and 11% would turn to friends and family for financial assistance.
So if you live in an economy that has essentially been failing for a decade, this prospect of relocation as a solution probably becomes much more distant. A ticket out, at peak traffic, would have cost a fortune. And thats only one soul in a seat. If you have a family, this quickly becomes to expensive for the majority of working people.