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 .

[0t3p0t]

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?

Well I should also take the seller into consideration if they accept Bitcoin but if not fiat would be another option during transactions. Here in my country, yeah having a licensed gun would be great decision and investment for protection purposes as we are currently facing internal and external threats.

[JoyMarsha]

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.

Exactly. But let's not forget that during a civil war, we can't have full access to the Internet, and we can lose our phones because of wars.

That encounter can deny us full access to our crypto holdings. However, having our seed phrase written on a steel plate and buried, would still give us access to our crypto assets, after the civil war. Aside from that, someone can lose their crypto holdings during wars because, in war, everything is affected

[electronicash]

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?

Well I should also take the seller into consideration if they accept Bitcoin but if not fiat would be another option during transactions. Here in my country, yeah having a licensed gun would be great decision and investment for protection purposes as we are currently facing internal and external threats.

what we are dealing is when there is no government already and no banking system in a country involved just like in the movie.  in the movie they were lucky that electricity is still working for a place that is powered by hydro, i think this is possible.

and for a country where people give importance to their 2nd amendment, its really more dangerous unlike those countries where only the authorities can have guns. i think this is even going to give courage to certain groups  or a city to arm themselves and fight whoever comes in their city. every people in a city will unite to protect their city, the currency in trading is their decision.

[philipma1957]

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?

dude if that movie happens we would be pretty fucked.

people would be meat. lots of them

it would be fucking brutal.

I am hoping that at 67 I just age out and leave this shit hole of a planet before we drop that low.

[DrBeer]

....
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 .

I have already tried several times to open the eyes of dreamers about the "convenience of bitcoin in critical situations" - it becomes the most useless asset if you are in the territory where there is a war. Civil or due to external aggression....
I say this as a person living in a country that has been subjected to external aggression and where 20% of the territory is a war zone.... So I tell my mother-in-law - there cryptocurrency has no value.... Cash, food, gasoline, weapons have value. Bitcoins? How are you gonna keep yourself alive with them?!

PS Watch the movie "20 days in Mariupol" - basically a documentary about a city in my country, the city of Mariupol, which was attacked by a neighboring country, and you will understand what a real war looks like, and whether in such a situation there is at least a minimal possibility to use cryptocurrency....

[Rruchi man]

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?

Physical cash or physical things may be better for transactions in the time of a civil war because not many people will have the opportunity to keep their devices charged during a civil war for them to be able to confirm transactions made to them with crypto or bitcoins. It will be easier to carry around your assets in Bitcoin and cryptocurrency during a time of civil war than to use Bitcoin or cryptocurrency for transactions.

[philipma1957]

....
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 .

I have already tried several times to open the eyes of dreamers about the "convenience of bitcoin in critical situations" - it becomes the most useless asset if you are in the territory where there is a war. Civil or due to external aggression....
I say this as a person living in a country that has been subjected to external aggression and where 20% of the territory is a war zone.... So I tell my mother-in-law - there cryptocurrency has no value.... Cash, food, gasoline, weapons have value. Bitcoins? How are you gonna keep yourself alive with them?!

PS Watch the movie "20 days in Mariupol" - basically a documentary about a city in my country, the city of Mariupol, which was attacked by a neighboring country, and you will understand what a real war looks like, and whether in such a situation there is at least a minimal possibility to use cryptocurrency....

Btc would mean if you flee the war/country you could have wealth waiting for you.