Post
Topic
Board Bitcoin Discussion
Re: Bitcoin becomes priority alternative when cash fails
by
kryptqnick
on 17/03/2022, 13:01:16 UTC
Actually this epic moment happened in Ukraine, I don't know how difficult it is to get cash there (even using e-money). Someone sells "a Legendary Car" with bitcoin. View more...

Another milestone that bitcoin really serves as an alternative currency especially in times of urgency, bitcoin is really valuable for someone to survive. Because urgent situations are not just about war, calamities can also have more severe repercussions. I think this is a perfect consideration for any government not to be too strict on bitcoin regulations.

(The point of this thread is not about Ukraine situations specifically, but to the experiences of the people on this story.)
It's an interesting story, and I do believe that the war motivated the increased usage of Bitcoin. However, this only works under fairly peaceful conditions and in places with stable Internet connection. Local fiat is currently the most handy thing to have in small towns and generally in places which are under blockade or where electricity is down because of the war. In other places, getting cash is often very challenging (because the ATMs are running out of it), but paying with card is almost always an option. I'm glad they found a way to buy a car with Bitcoin, but they said it was in central Ukraine, and central Ukraine is one of the least affected areas by the war so far.