Will Cryptocurrencies be accepted in a Civil War Scenario?

[electronicash]

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.

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?

[0t3p0t]

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.

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?

I think that would be safer way to store the money through Bitcoin in that kind of situation compared to having fiat currency or physical money or precious metals that can be looted or robbed. Though phones and devices can be looted but as long as you have the private keys of your wallet it is still safe.

[TomPluz]

...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?

I am going to see where I can watch this supposedly good movie According to Wikipedia: "Civil War is a 2024 dystopian war film written and directed by Alex Garland. It follows a team of journalists traveling across the United States during a civil war fought between an authoritarian federal government and several regional factions." Now, to answer your question, I think the producers and writers of the said movie have never thought of cryptocurrency and that is why they opted for Canadian Dollar. We have to remember that in case there can be a nationwide civil war, the government will not be functional well and central banking can be collapsing so fiat money can be worthless. In case, there can still be electricity (solar option can surely be available unless there is already a nuclear war) and the internet, then money can be Bitcoin and the rest of the crypto gang and there can be some that will introduce war memecoins. Of course, all of these things are just speculative ideas as nobody can be sure of what can happen in case we can experience a big civil war disruption. Let's hope we can never have the bitter taste of a civil war in our lifetime.

[Sim_card]

Accepting bitcoin and other form of cryptocurrency will be better during such period, because no one will be able to rob you of your funds, and you can have millions but no one will know that it is withing your reach. In civil war banks can disappoint us but as long as there is internet and phones, crypto cannot disappoint.

[Gurujebs]

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?

I think in a war situation, it's normal for Bitcoin price to appreciate because during such time difficulties, a lot of people will want to abandoned US dollar for settlement  of trade, nobody will be interested in buying yuen and euro, a lot of people will be seeing their shares and stock and will used it to buy food and health care items.

For people who still want to have their value save from any circumstances, Bitcoin is going to be the only option for investment but there will be a lot of things as well, people might start attacking each other when Bitcoin becomes the next big thing, this scenario just make me to remember a movie call TIME, if you have watch it you will understand me better.

[electronicash]

i've seen TIME, not a very possible move to happen. they could just snatch time from someone's arm which the currency has no security.

...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?

I am going to see where I can watch this supposedly good movie According to Wikipedia: "Civil War is a 2024 dystopian war film written and directed by Alex Garland. It follows a team of journalists traveling across the United States during a civil war fought between an authoritarian federal government and several regional factions." Now, to answer your question, I think the producers and writers of the said movie have never thought of cryptocurrency and that is why they opted for Canadian Dollar. We have to remember that in case there can be a nationwide civil war, the government will not be functional well and central banking can be collapsing so fiat money can be worthless. In case, there can still be electricity (solar option can surely be available unless there is already a nuclear war) and the internet, then money can be Bitcoin and the rest of the crypto gang and there can be some that will introduce war memecoins. Of course, all of these things are just speculative ideas as nobody can be sure of what can happen in case we can experience a big civil war disruption. Let's hope we can never have the bitter taste of a civil war in our lifetime.

what i can think of is that the civil war in the movie is just in the US to which Canada is not affected and their government is still working.  the producers/writers could have picked Mexican Peso assuming the government in the country is more stable but of course they'd pick Canada.

maybe if Canadian government is also a mess and the Mexican government is also getting crazy like they are part of the civil war in the Amerikan continent, i guess this is where we can see crypto will be the option.

[DrBeer]

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.

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?

I live in Ukraine, and I know firsthand what war is like. I also have many friends and acquaintances who lived or had to live in the occupied territory or the territory destroyed by terrorist troops of a neighboring country. So I will tell you how it is in reality:
- Few people are interested in risky, illiquid assets. Everyone is interested in dollars, euros, gold, etc. assets that can be used to buy or exchange food, medicine, etc. goods
- The occupation authorities are always totally restricting and controlling all data channels - in occupied DNR, LNR, Crimea - all communication is totally controlled (from wiretapping to blocking data transmission), protocols are blocked (all messengers that are difficult to control are banned). For violation or attempts to bypass - very severe punishment, up to death.
- In destroyed villages and towns, there is no communication at all, and often no electricity.
- Banking systems, card accounts and transactions do not work. You simply will not be able to convert cryptocurrency into physical/fiat assets.

Therefore, in such situations - assets that are difficult to use and do not have high guaranteed liquidity and stable price are unlikely to become a substitute for stable currencies and gold.

[electronicash]

Therefore, in such situations - assets that are difficult to use and do not have high guaranteed liquidity and stable price are unlikely to become a substitute for stable currencies and gold.

and how are they spending the gold in the war torn region?

i know its not the same as the time of covid but during the time when we are locked down, all the people do was trading stuff from appliances and plants in exchange with food and cash still accepted which was still great though but most probably because the government still exist. it must be different if the government is not functioning anymore as warlords are the only that reigns in every city.

[DrBeer]

Therefore, in such situations - assets that are difficult to use and do not have high guaranteed liquidity and stable price are unlikely to become a substitute for stable currencies and gold.

and how are they spending the gold in the war torn region?

i know its not the same as the time of covid but during the time when we are locked down, all the people do was trading stuff from appliances and plants in exchange with food and cash still accepted which was still great though but most probably because the government still exist. it must be different if the government is not functioning anymore as warlords are the only that reigns in every city.

I understand your question and will give you 2 examples. One from slightly older times, the other from the current situation:
1. The city of Leningrad, which was blockaded during WWII (reasons - this is a topic for another discussion), and the Soviet government supplied almost no food there. Money as a unit of valuation lost its meaning there, and in the most difficult times people simply exchanged, for example, gold jewelry for bread.
2. The situation in Ukraine is somewhat different. For example, in the temporarily occupied territories, people can sell gold for stable currency (dollars), for which they can buy everything. Occupants are happy to sell any goods for dollars.
Gold can also be exchanged for the occupation currency (rubles) and also buy a significant part of goods for this pseudo-currency. However, it cannot be used anywhere else. Gold can simply be exchanged for goods and services. For example, to try to leave the occupied territory. But with cryptocurrencies everything is more complicated - due to the absence of the Internet on these territories (as well as other usual services of the developed world), or its total control and isolation, just like in North Korea.
That is why gold/stable currencies are more convenient means for survival in this situation

[Peter90]

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?

How many businesses accept BTC in your city?
Where I live, basically none.
Zero.

I opened a thread about this fact
What Happened To Bitcoin?
BTC as a currency has been a complete failure.


So why should people during a civil war accept a currency they can't use in order to buy goods and services?
During a war you aren't interested in increasing your wealth. When food and shelter can anytime become a problem you are not interested in making money.
When your life is at stake you don't care about investing strategies.


There are many warlike situations going on in the world: clashes between ethnic groups... between religious or political factions... civil unrests... state vs. criminals (e.g. narcos)...
Wouldn't it make sense for the warlords to accept BTC and other crypto?
No because in those situations you need a currency which everybody accepts.
This applies to warlords too.
That's why the current usage of BTC and cryptos in those situations is basically zero.

[0t3p0t]

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?

How many businesses accept BTC in your city?
Where I live, basically none.
Zero.

I opened a thread about this fact
What Happened To Bitcoin?
BTC as a currency has been a complete failure.


So why should people during a civil war accept a currency they can't use in order to buy goods and services?
During a war you aren't interested in increasing your wealth. When food and shelter can anytime become a problem you are not interested in making money.
When your life is at stake you don't care about investing strategies.


There are many warlike situations going on in the world: clashes between ethnic groups... between religious or political factions... civil unrests... state vs. criminals (e.g. narcos)...
Wouldn't it make sense for the warlords to accept BTC and other crypto?
No because in those situations you need a currency which everybody accepts.
This applies to warlords too.
That's why the current usage of BTC and cryptos in those situations is basically zero.

Through p2p yes no doubt about that given that internet is still up. But for businesses tha accepts crypto in general here in my place I can't find them as well. And it seems imposible for me to use my Bitcoin for that purpose unless someone is selling weapons for Bitcoins as we are talking about war in here.

[Peter90]

And it seems imposible for me to use my Bitcoin for that purpose unless someone is selling weapons for Bitcoins as we are talking about war in here.

There are many warlike situations going on in the world, right now, so there is no need of thinking about Hokuto no Ken.
Beside wars between countries there are clashes between ethnic groups... between religious or political factions... civil unrests... state vs. criminals ...
In your opinion, what's currently the usage of BTC in those situations?

If you find yourself in one of those situations,
you need to protect your family,
you need a gun,
without gun you and your family die,
you have electricity and internet,
you are in your country, not in the USA,
you don't know the person who sells guns,

would you prefer to have bitcoins, gold or US banknotes at hand?

[joniboini]

And it seems imposible for me to use my Bitcoin for that purpose unless someone is selling weapons for Bitcoins as we are talking about war in here.

Does your country explicitly forbid the usage of Bitcoin as a means of payment? What about coins printed with private keys? I think I can see some people use coins to trade for food, although this imaginary situation can only happen if people are familiar with it and the country doesn't explicitly forbid them from doing so. If anything, I believe Bitcoin as a currency will show its strength when there's no war or something similar, as long as people can access the internet.

[electronicash]

i'm not sure what to use if there is something like a civil war is going to happen actually base on the answers here. its easy to say USD if its Europe that s having civil war. they may even try using CYN or Rial if its  preferred by the people.

i know this is an imaginary situation base on the film. but i don't see people starts using gold either to trade with food nor weapons. but i would assume there will be lots off looting and house invasion and looking for whatever valuables the family have. i guess even the TV will be good for barter if lets say BTC is not really possible.

[Peter90]

 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.
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?