Will Cryptocurrencies be accepted in a Civil War Scenario?

[DrBeer]

I'm asking you for the 2nd time EC
if you find yourself in a civil war where you live what would you like to have, BTC, US banknotes or gold coins?

The most correct answer is bitcoins, dollars and euros, and gold coins
This is a diversified portfolio of very good assets. Assets that are not only highly liquid, but have good investment potential ! Bitcoin and gold - less liquid in difficult situations but have better investment appeal, dollars and euros - extremely highly liquid, although like any fiat currencies are subject to inflationary processes.  Therefore, the optimal set of "emergency financial suitcase" is bitcoins, gold coins, dollars and euros.

[electronicash]

I'm asking you for the 2nd time EC
if you find yourself in a civil war where you live what would you like to have, BTC, US banknotes or gold coins?

The most correct answer is bitcoins, dollars and euros, and gold coins
This is a diversified portfolio of very good assets. Assets that are not only highly liquid, but have good investment potential ! Bitcoin and gold - less liquid in difficult situations but have better investment appeal, dollars and euros - extremely highly liquid, although like any fiat currencies are subject to inflationary processes.  Therefore, the optimal set of "emergency financial suitcase" is bitcoins, gold coins, dollars and euros.

i'm sure we are going to be accepting currency of a country with a government that stands. but yes BTC would be better as well.

no potatoes?
because to me this is what is more important when war occurs. food especially

 its easy to say USD if its Europe that s having civil war.

yes, it's easy to say and it's easy wrong
I'm in Europe.
Don't assume everybody idolises the american dollar as you crypto people do
Instead of talking about countries that you don't know, talk about what you know.
Talk about your country.

maybe on the other thread when its about my country, this one is about civil war movie scenario. seem what many understood actually. most if not all EU countries idolizes USD because afaik its the reserve currency of all.  unless CYN is more preferred already cuz middle east seem accepting CYN ffor oil already.

[Peter90]

most if not all EU countries idolizes USD because afaik its the reserve currency of all.

You are talking about institutions, I'm talking about people.

I don't want you to name your country - I don't do it either - I just want you to talk about what you know, which is where you live.
You don't live in Europe, I do.

In a war situation - civil or not - if I go to my neighbours with US banknotes they kick me away.
If I go and offer them BTC, it's even worse.
If I go and offer them one gold coin, they'll talk to me.

How is it where you live?

[DrBeer]

I'm asking you for the 2nd time EC
if you find yourself in a civil war where you live what would you like to have, BTC, US banknotes or gold coins?

The most correct answer is bitcoins, dollars and euros, and gold coins
This is a diversified portfolio of very good assets. Assets that are not only highly liquid, but have good investment potential ! Bitcoin and gold - less liquid in difficult situations but have better investment appeal, dollars and euros - extremely highly liquid, although like any fiat currencies are subject to inflationary processes.  Therefore, the optimal set of "emergency financial suitcase" is bitcoins, gold coins, dollars and euros.

i'm sure we are going to be accepting currency of a country with a government that stands. but yes BTC would be better as well.

no potatoes?
because to me this is what is more important when war occurs. food especially

1. As the personal practice of traveling around the world (and I have been to all continents except Australia, and visited more than 40 countries in my life), I can say one thing - everywhere I was - dollars were accepted with joy! Even if they were countries that are officially "against world imperialism and American capitalists" I can tell you about Cuba for example
Today Bitcoin has become a kind of alternative, but not yet widely spread, and APPLICATION (this is the key problem).

2. You are right about potatoes - people whose families are dying of hunger will buy a sack of potatoes for a ring with a big diamond, when the real price is 2 cars of potatoes for this ring.... When it becomes a matter of survival - money and jewelry lose value very much. LIFE is the most precious thing we have.....

[emmybd]

I think anything can happen in a civil war situation. During civil war the government can't function properly in that case you can't fully rely on Fiat currency. To consider other alternative options I believe crypto would be the best one and safer too.

[bitterguy28]

i just watched the Civil War 2024 movie, quite scary if it happens where you are in the middle of the wars of groups you don't wanna join.
there's a scene in the movie where they tried buying gas which when they said they have Canadian Dollar and the group of individuals who ruled that place accepted the money.  it looks like Canadian Dollar is  still sought after. i hoping to see crypto wasn't introduced there but none.

can you share where did you watch this movie mate? i am also a fan of  war movie so for sure I will enjoy this movie, so will be thanking you once you shared me the place where to watch this.

if we are in this kind of situation where the electricity is still on like its normal situation still and internet is accessible, wouldn't it make sense for the warlords to accept BTC and other crypto?

this is why we must still keep our bitcoin then but i doubt that internet will be still available in all places when war comes, maybe this is for limited chances only .