Post-apocalyptic scenario the only thing that matters most are shelter and food. These paper money, gold, minerals or crypto not gonna matter. It's called post-apocalyptic for reason.
However, isn't that a good thing tho if people thought of crypto more specifically bitcoin as prestigious stuff to show off? atleast the value could go up unlike the iphone for pseudo-rich people which gradually losing its value.
However, isn't that a good thing tho if people thought of crypto more specifically bitcoin as prestigious stuff to show off? atleast the value could go up unlike the iphone for pseudo-rich people which gradually losing its value.
Well here I have to agree - shelter, food, and as another commenter said - water (basic needs) will matter only. But from there eventually people will have to restart economy for which they will need medium of exchange, which is unlikely to be BTC since there might be no electricity.
Bitcoin isn't just a mere fleeting craze or fad. Bitcoin isn't just a new iPhone model. It is an alternate currency or a new asset class, whichever you prefer. And whether it is cool to have Bitcoin or not, it is an undeniable fact that Bitcoin is truly decentralized, transparent, global, and so forth.
Here I agree about everything, but "isn't a new iPhone" - not so sure. It depends on how you perceive that. Can I buy with iPhone something? - yes. Can I "invest" in iPhone? - yes, - buy wholesale at pre-orders, and sell retail during public release (if you would be in China you would see that's a common model to earn money
). Yes, absolutely BTC & iPhone are incomparable in terms of life-span - you unlikely will see price appreciation of iPhone 10000% times like with BTC over 5-10 years (but the opposite), but for short period of time - can. Different lengths of cycles. Like some animals live only few days - for them it's a long live; for humans 100 years is a long live, but for some plants - 1,000 years is a long live. Just the difference on micro/macro levels. But eventually, while most of Forum participants are relatively young (unlikely to be 60-90s yo), and do wish to "be rich", but not all are ready to work hard for that. So they get to pay $19,000 (if they have) to own a number on the screen with the hope that in the future that number will be perceived even more expensive.Perhaps I don't get your point, but someone who has 100 bitcoins isn't "fake rich", they are just "rich".
They are just "rich" now, for a moment in time when price hit $19k, but after a moment - there's a flash crush, and they are on the street? How about if you own 100 tones of gold? 100 apartments in NY? 100 production factories? - as opposed to owning "a number showing you have 100 numbers of X"