Quote from: BitHodler on August 13, 2018, 12:04:43 AM

Quote from: wxa7115 on August 12, 2018, 04:40:22 PM

In the case the US dollar fails what can you use to protect yourself from that? Gold and silver are good options but not many have them and can be easily confiscated, but cryptocurrencies can be held without no one knowing you have them and even if someone knows they cannot take them away without your keys so in that way crypto is safer to store than gold or silver.

It's true that crypto is the better option, but the main problem is that there isn't one single crypto currency able to handle mass adoption. We have seen how Bitcoin's network crippled completely due to the bull run last year.

If Bitcoin can't even handle a few hundred thousand people using it in a single day, it won't ever be able to handle one million users trying to have their transactions confirmed within one day.

We have to look at our crypto currencies without hyping them up too much. As it is right now, they are all incompetent and haven't gone through any upwards scaling improvements to even remotely allow more usage.

You are right but the crash is not going to happen today or tomorrow, those kind of events take a lot of time to unfold so the developers have time to prepare for that, I am not trying to hype bitcoin I understand its limitations very well, and at the moment gold and silver are still superior when you take all the factors into consideration since they can be used outside of the banking system and you do not require of infrastructure like the electric grid or the internet.

But bitcoin can be used as a refuge by some people, especially us that already have some bitcoin in hand, since I really do not expect such a collapse to happen at least in a decade or two so I have no doubts that bitcoin will be ready when such a crisis finally find us.