Will Cryptocurrencies be accepted in a Civil War Scenario?

[electronicash]

Since Bitcoin and cryptos in general is not issued by any country means it will be accepted in any scenario for better understanding where gold is accepted we can say Bitcoin will accepted too.

Modern day civil war scenario will most likely happen for natural resources due to scarcity or any reason that wiped the existing quantity so you can also consider stacking foods which will be more preferable choice as money.

Due to high inflation and stuff during a civil unrest people will start accepting any form of currency that is apart from fiat thta is why precious metals and cryptocurrency are one of the best option in this kind of scenario though cryptocurrency is for me the safest one here and has an edge comapred to having physical silver and gold the only problem here is the adoption because like for example here in my place I don't know how many people are using crypto and I am sure only few of us are holding it and that is quite a downside due to limited supplies we can trade with as I know majority here still prefer to use fiat in exchange for goods and services.

with Trump trying to make crypto known to everyone, the amount of users right now mush have increased significantly.

there is a threat to this crypto though because just recently the cable under the BlackSea was allegedly cut making internet connection vulnerable. this could mean that even if the power grid is up and running but the internet isn't then its possible that crypto may be useless. 

in such scenario, its still the food that we can use to trade.

[Agbe]

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.

Times like civil war's is the best time for crypto currencies to be used because you can't be having physical cash to be moving about as Banks and will be shut down during such situations so crypto will play a big role and help as you will not needing physical cash but you can buy anything you want online using crypto because in war times allot of bad things can happen and the tendency of one losing money is high so the best time to even use crypto currencies is during times of war as it will help people to do transactions without the use of physical cash

[UNIVERSE]

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?

When we are in wars, everything will be hard to accept. Even crypto coins, I think it won't be as well as in normal condition. I personally don't expect to experience such civil war scenario. Even it is still logic that Bitcoin or other crypto coins to be accepted, I doubt with its value and people's interest in the crypto coins. People may forget it and they will only focus on thinking about the way to secure their basic needs with any physical things.

[electronicash]

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?

When we are in wars, everything will be hard to accept. Even crypto coins, I think it won't be as well as in normal condition. I personally don't expect to experience such civil war scenario. Even it is still logic that Bitcoin or other crypto coins to be accepted, I doubt with its value and people's interest in the crypto coins. People may forget it and they will only focus on thinking about the way to secure their basic needs with any physical things.

how different are we in today's current situation where we are in the brink of WW3 compare to a situation where there will be civil war in your country? (which ever country youre from) in Europe i think they are all preparing to head to Ukraine.

whichever comes first as long as there is no nukes, i think a lot of us will still survive and maybe we still have those coins whether it will be accepted at some point while in such situation or not i may still be keeping them.  if its accepted i will definitely use the coins to buy weapons, ammos and food.

[Aanuoluwatofunmi]

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?

We have to understand that bitcoin being a decentralized digital currency could serve in different purpose for the people too use, in case of war, people will be fighting against each other and the use of a currency will be regulated as well as sanction being given on so many economic aspect of a country, but the use of bitcoin can fervently serve a resistance on that, because bitcoin is not a centrally controlled digital currency by a centralized authority.

[DrBeer]

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.

Times like civil war's is the best time for crypto currencies to be used because you can't be having physical cash to be moving about as Banks and will be shut down during such situations so crypto will play a big role and help as you will not needing physical cash but you can buy anything you want online using crypto because in war times allot of bad things can happen and the tendency of one losing money is high so the best time to even use crypto currencies is during times of war as it will help people to do transactions without the use of physical cash

As practice has shown, unfortunately negative (my country suffers from external aggression) - our cash or money in stable currencies (dollar, euro), turned out to be the most liquid means for purchases. How can you pay with cryptocurrency - if your city is destroyed by barbaric bombings, and there is no communication, even primitive mobile communication. Probably cryptocurrency, in such a situation, can be considered only as a safer mechanism to take out your assets/savings, without the risk of being captured and searched by the invaders, with the loss of all found fiat money or jewelry....

[alltalk]

We have to understand that bitcoin being a decentralized digital currency could serve in different purpose for the people too use, in case of war, people will be fighting against each other and the use of a currency will be regulated as well as sanction being given on so many economic aspect of a country, but the use of bitcoin can fervently serve a resistance on that, because bitcoin is not a centrally controlled digital currency by a centralized authority.

Indeed. Bitcoin is decentralized, no country or no institution controls Bitcoin. Using Bitcoin for global currency will be fair for any country. So, it will be possible to have Bitcoin as the solution for the global currency in a civil war scenario. Morever, Bitcoin is getting popular around the world recently, specifically after everyone knows that Trump supports Bitcoin or crypto industry. I'm pretty sure that each country in the world will be trying to have Bitcoin for their future reserve financial.

[electronicash]

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.

Times like civil war's is the best time for crypto currencies to be used because you can't be having physical cash to be moving about as Banks and will be shut down during such situations so crypto will play a big role and help as you will not needing physical cash but you can buy anything you want online using crypto because in war times allot of bad things can happen and the tendency of one losing money is high so the best time to even use crypto currencies is during times of war as it will help people to do transactions without the use of physical cash

As practice has shown, unfortunately negative (my country suffers from external aggression) - our cash or money in stable currencies (dollar, euro), turned out to be the most liquid means for purchases. How can you pay with cryptocurrency - if your city is destroyed by barbaric bombings, and there is no communication, even primitive mobile communication. Probably cryptocurrency, in such a situation, can be considered only as a safer mechanism to take out your assets/savings, without the risk of being captured and searched by the invaders, with the loss of all found fiat money or jewelry....

not to worry DrBeer. it looks like the Ukr vs Rus is going to end soon though.
G7 already stole Russia's foreign reserve of $20B and gave it to Zelensky. hows that for the payment of the land that Russia will take. sooner i think they will call it quits. 
i doubt Zelensky is going to give it to Ukrine though. his wife gonna buy more luxury cars after the war.

don't go playing with words like they always do. you gotta see thru it. when they say Israel move swiftly to Syria's buffer zone. Its call invasion.
and when news is about Russia, Russia invades more land. you're old enough to be tricked. 

We have to understand that bitcoin being a decentralized digital currency could serve in different purpose for the people too use, in case of war, people will be fighting against each other and the use of a currency will be regulated as well as sanction being given on so many economic aspect of a country, but the use of bitcoin can fervently serve a resistance on that, because bitcoin is not a centrally controlled digital currency by a centralized authority.

Indeed. Bitcoin is decentralized, no country or no institution controls Bitcoin. Using Bitcoin for global currency will be fair for any country. So, it will be possible to have Bitcoin as the solution for the global currency in a civil war scenario. Morever, Bitcoin is getting popular around the world recently, specifically after everyone knows that Trump supports Bitcoin or crypto industry. I'm pretty sure that each country in the world will be trying to have Bitcoin for their future reserve financial.

sounds like the plan they have since time. so if US has BTC reserves, it will not be surprising for the rest to also have BTC. all it needs then is a civil war for its complete adoption?

[0t3p0t]

sounds like the plan they have since time. so if US has BTC reserves, it will not be surprising for the rest to also have BTC. all it needs then is a civil war for its complete adoption?

Well yeah from what I saw from news it seems some countries are looking into Bitcoin adoption most specifically those countries that is worried about sanctions you know what I mean. Civil war really is not an option if we are say but we should also understand that it is inevitable as we can see on the news nowadays and I am also wondering if people really use crypto in this kind of situation and I guess they're not because looting is common which happened here in my province when we're hit by supertyphoon and there is also food and financial aid whether from foreign or the government agencies. But if you are familiar with the game DayZ which is a survival game though not a real life depiction since it has zombies on it but the survival scenario and an option to use Bitcoin as currency is crazy realistic.

[Stompix]

Well yeah from what I saw from news it seems some countries are looking into Bitcoin adoption most specifically those countries that is worried about sanctions you know what I mean.

And what would they do with Bitcoin?
That's not how sanctions work, sanctions are placed on a company's persona and the ones dealing with them, for example a company is banned from providing insurance for the ships carrying oil, and there is nobody with a pistol there to shoot the moment the company receives $, they don't do that because they will be banned from doing business isn't the US, that's why a few Chinese vessels don't care while transporting Iranian oil since they will never be used for anything else but no major company would touch that with a 20-foot pole!

So bitcoin or $ or ruble or rials, it won't help you avoid sanctions, if it were that easy you wouldn't hear Russians screaming for 3 years for the west to lift them.

[electronicash]

Well yeah from what I saw from news it seems some countries are looking into Bitcoin adoption most specifically those countries that is worried about sanctions you know what I mean.

And what would they do with Bitcoin?
That's not how sanctions work, sanctions are placed on a company's persona and the ones dealing with them, for example a company is banned from providing insurance for the ships carrying oil, and there is nobody with a pistol there to shoot the moment the company receives $, they don't do that because they will be banned from doing business isn't the US, that's why a few Chinese vessels don't care while transporting Iranian oil since they will never be used for anything else but no major company would touch that with a 20-foot pole!

So bitcoin or $ or ruble or rials, it won't help you avoid sanctions, if it were that easy you wouldn't hear Russians screaming for 3 years for the west to lift them.

you mean ships carrying oil that is also sanctioned NOT to bring weapons to protect them from pirates but when the USD is not used by these ships carrying oil, the US is the one embargoing their oil for themselves like pirates do.

so what would you do with Bitcoin?  and why is the US complaining about BRICS not using USD anymore?

if the country pretends there is an alien invasion everywhere because of the drones flying around, you can already tell how sick they are. it will not be surprising if they will declare martial law. civil war may not be so far fetch when they revolt while their government bans BTC.

[alltalk]

sounds like the plan they have since time. so if US has BTC reserves, it will not be surprising for the rest to also have BTC. all it needs then is a civil war for its complete adoption?

Not sure whether it is their plan or not, but I just view Bitcoin is possible to use because it is fair for any country in the world. At least, there are no country that controls Bitcoin. It is purely decentralized.

Civil war isn't a must, every party must try to avoid it. If it happens, every country may have worse economic condition. However, if it is no longer avoided someday, Bitcoin may be the fair currency to use.

IMO, DYOR/DWYOR

[DrBeer]

As practice has shown, unfortunately negative (my country suffers from external aggression) - our cash or money in stable currencies (dollar, euro), turned out to be the most liquid means for purchases. How can you pay with cryptocurrency - if your city is destroyed by barbaric bombings, and there is no communication, even primitive mobile communication. Probably cryptocurrency, in such a situation, can be considered only as a safer mechanism to take out your assets/savings, without the risk of being captured and searched by the invaders, with the loss of all found fiat money or jewelry....

not to worry DrBeer. it looks like the Ukr vs Rus is going to end soon though.
G7 already stole Russia's foreign reserve of $20B and gave it to Zelensky. hows that for the payment of the land that Russia will take. sooner i think they will call it quits. 
i doubt Zelensky is going to give it to Ukrine though. his wife gonna buy more luxury cars after the war.

don't go playing with words like they always do. you gotta see thru it. when they say Israel move swiftly to Syria's buffer zone. Its call invasion.
and when news is about Russia, Russia invades more land. you're old enough to be tricked. 

Hello victim of raschist* propaganda
1. There is no war of Ukraine against Russia. There is a terrorist attack by Russia, led by the Rashist junta, against independent Ukraine, for the realization of painful ambitions, a pathetic parody of his idol Hitler, Putin (an international criminal)
2. the assets of the terrorist country were not stolen, but were legally seized, to finance and pay reparations to the aggressor country. Reason ? It is banal - from the side of the terrorist country it is a violation of the Budapest Memorandum, from the side of the EU - within the framework of compliance with international law.
3. your assessment - let's be honest - is purely subjective, and has no argumentation, you just want to smear Zelensky, a man who played in KVN, was a humorist, was never a politician, and who crushed “the great Putin” just like a bug Humorist put in place a huge country, with a bloody tyrant at the head, which in fear keeps 100 million of its citizens ! Although I will say right away - I am not a supporter of Zelensky, and I have arguments for this
4. your pathetic attempts at manipulation are expected
It is very funny to see how you try to link Israel's invasion of a country from where it was attacked with the fact that the terrorist country attacked Ukraine for the same reason I'll say it again - you look very stupid and everyone can see it

*Rashism -  is the Russian version of Nazism.

[electronicash]

As practice has shown, unfortunately negative (my country suffers from external aggression) - our cash or money in stable currencies (dollar, euro), turned out to be the most liquid means for purchases. How can you pay with cryptocurrency - if your city is destroyed by barbaric bombings, and there is no communication, even primitive mobile communication. Probably cryptocurrency, in such a situation, can be considered only as a safer mechanism to take out your assets/savings, without the risk of being captured and searched by the invaders, with the loss of all found fiat money or jewelry....

not to worry DrBeer. it looks like the Ukr vs Rus is going to end soon though.
G7 already stole Russia's foreign reserve of $20B and gave it to Zelensky. hows that for the payment of the land that Russia will take. sooner i think they will call it quits. 
i doubt Zelensky is going to give it to Ukrine though. his wife gonna buy more luxury cars after the war.

don't go playing with words like they always do. you gotta see thru it. when they say Israel move swiftly to Syria's buffer zone. Its call invasion.
and when news is about Russia, Russia invades more land. you're old enough to be tricked. 

Hello victim of raschist* propaganda
1. There is no war of Ukraine against Russia. There is a terrorist attack by Russia, led by the Rashist junta, against independent Ukraine, for the realization of painful ambitions, a pathetic parody of his idol Hitler, Putin (an international criminal)
2. the assets of the terrorist country were not stolen, but were legally seized, to finance and pay reparations to the aggressor country. Reason ? It is banal - from the side of the terrorist country it is a violation of the Budapest Memorandum, from the side of the EU - within the framework of compliance with international law.
3. your assessment - let's be honest - is purely subjective, and has no argumentation, you just want to smear Zelensky, a man who played in KVN, was a humorist, was never a politician, and who crushed “the great Putin” just like a bug Humorist put in place a huge country, with a bloody tyrant at the head, which in fear keeps 100 million of its citizens ! Although I will say right away - I am not a supporter of Zelensky, and I have arguments for this
4. your pathetic attempts at manipulation are expected
It is very funny to see how you try to link Israel's invasion of a country from where it was attacked with the fact that the terrorist country attacked Ukraine for the same reason I'll say it again - you look very stupid and everyone can see it

*Rashism -  is the Russian version of Nazism.

hello stockholm syndrome victim. 
if you only knew what happen behind close doors while Zelensky is being scolded by Blinken when he wants to end the war by trying to make a deal with Putin.

there is a war. we already told you how it started. you just wont listen.

terrorist is what they US named to those people. but when it over throws their enemy,m they wanna make ally to them like the rebel in Syria. it was once called terrorist by US but now they wanna reward them for overthrowing Assad lol

its just you who doesn't see the whole picture. Even Taiwanese knew they won't fight against China because they don't want to end up like Ukraine left alone by US to fight Russia.

[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.

Bitcoin seems to be the best way to store our assets during a civil war. But the main issue is that, during a civil war, there will be no Internet connection or electricity to power up people's gadgets. Almost everything will be shut down, out of people's reach. What most people will be after is how to store up their seed phrase and keep it safe so that they won't lose it out of civil war.