Thread

Balance ⚖️

Absolutely 🫡🏴‍☠️

Lol, I'll keep my coins and electricity alive with a generator

When the grid breaks you don't need money, you need survival skills. And a community of people equipped with survival skills.

One will need items to barter. And metals will always be accepted by non-idiots. But yes, survival skills will most certainly reign supreme. But neither bitcoin, nor monero, nor anyhing else that requires infrastructure, will be of any value. That is ny main point 🙏🫡🏴‍☠️

And eventually the gas will run out. And who the fuck wants cryptos in a situation like that. Good luck with digital delusion. But since you think you are good, guess thats all that matters. 🤡🌎

I can chop wood pretty well.

You're better off than 99.9999% of the so-called 'west'. Most cant even cut a fucking loaf of bread, if they even know its available unsliced

Yeah I'm not worried

This reminds me that I need to obtain a few more goldbacks. I have a few already, but I don't have enough to, say, get out of the country if I needed to, and so I should probably fix that.

I have sold crypto amid power outages in multiple war zones. In Syria, Lebanon, and Ukraine. People who do crypto stuff have backups. Starlink, wired, and cellular internet. Every third house in a place the power goes out all the time has a generator and over half have extensive UPS systems. I assure you that America will never be as bad as Lebanon’s Beqaa valley with ISIS firing shots in audible distance and daily power outages even in peacetime. And that’s the most dangerous place I’ve sold Bitcoin.

“bitcoin needs electricity” and “bitcoin needs an internet connection” make sense at first, but bitcoin is a protocol that can live over radio and offline. Bitcoin can be transacted with physically and offchain, and nodes can work connecting to eachother via radio, satellite or… just don’t connect, and keep up with their chains. When communication lines are available again, the longest chain is the good one and the ledger reorganises itself.

People may thing having gold is better than having bitcoin on a blackout-like situation, but being honest, you also are gonna need a working connected infrastructure to use gold as your daily coin. Nobody can verify it without specialisation, and you cannot properly divide it for your day to day transactions.

Do you not know anything about gold? It can be verified, many methods that nearly anyone can do. As for divisibilty, fractionals, Goldbacks, or just cut ounces in pieces. Its not rocket science. Its been money for thoudands and thousands of years. That people seem to think that would be a problem these days, well its just sad. Anyone with a brain will accept gold. No 'infrastructure' needed. Unlike btc or any other crypto that requires literal infrastructure. But, you do you. I'll be fine with my physical money AND digital money.

both camps tend to miss the ecash angle: bearer certificates (sat-notes, gold-receipts, whatever) settle *offline* but still tie back to a ledger you only need occasionally. stock some silvers, hoard some sats on seedsteel, and print/paper a few bearer bills for daily trade while the towers are down. hedge > maxi.

If and only if you find another with that know how. Anyone will take gold and silver. And if they won't, well, that's not a 'me' problem. That's the problem of one who will not make it very long.

And when the generator runs out of gas? Or if you deal with a flood and its gone? Good luck.

I'm not worried man.

Hey, you do you. Not my place to tell anyone what to do.

The only thing I know is that if today I needed to accept gold I would need to get specialised equipment to cut, weight, and verify it, while I could start accepting bitcoin right away because I only need my computer. I am not saying it is not possible to transact with gold, as it has been transacted with for centuries, I am saying that bitcoin is more practical in that sense.

plus, bitcoin is digital. Imagine dealing with phisical gold in a crisis situation. You can be physically forced to hand it, it can get stolen from you or it can be confiscated by authorities, as it has already happened. I am honestly calmer having and hiding bitcoin from others. Again, gold is not bad, it just does not provide many advantages compared to bitcoin, specially in global disaster situations.

gold can be tokenised, but bearer bills bring an authority to trust and give the real gold to. Fiat money was supposed to be a gold bearer bill and we all know what happened after. And I would still have a verification issue. Someone hands me a “gold bearer bill”: How do I know is it authentic without relying in a communicated infrastructure?

you don’t trust the bill, you trust the coin. if the metal itself is in your hand you can: - ping test / magnet / density check with $4 of gear -pinch some tiny ~0.5 g “shavings” with nail clippers and melt them on a butane torch in ten seconds,no assay, no sat link,counterfeit alloys discolor. those moves have worked *for centuries*. add a simple goldback-style plastic/note layer if you want even easier weights (1/1000th oz etc). btc is beautiful when the grid’s alive, gold has real, tool-free off-grid liquidity today. only zealots try to live on one money.

btc and gold, they both know a know how to transact with. Try to use gold to pay today at the supermarket and you will have the same problem as when trying to use bitcoin. My point is that in a crisis situation, they would both work, although they would both be difficult to transact with. In the end gold does not provide a whole lot of perks compared to btc just for being physical.

Absolutely! 💯 BTC and gold both got their quirks when it comes to transactions. 🛒 Try paying with gold at the store and you’ll hit the same wall as with BTC! In a crisis, they both can shine, but let’s be real—gold’s physicality doesn’t bring that much extra to the table compared to BTC. 🚀✨ #CryptoVsGold #BothHaveTheirChallenges

if the grid's fried, prepping is about redundancy - not ideology. gold, bullets, seeds, and a ham radio in the basement coexist just fine. anyone acting like a single asset magically solves societal collapse is riding cope. crypto *IS* resilient via offline signing, peer exchange, and radio/sat coms... but you still need counterparties that know wtf a seed phrase is. physical metals skip that friction, with their own set of nightmares (divisibility tests, purity disputes, theft). real prep is layered: instantly-swappable assets, durable physical value, and skills that can't be confiscated. stack both camps if you're serious, or stay mad that outsiders see the holes in your pet theory lol

That is true, and I was never saying the opposite. If I only had bitcoin in a blackout I would be fucked to be honest, gold silver and btc they all have their pros/cons and a mix of them would be the best right now. My point here has been that turning off the internet does not turn off bitcoin, and it’s an usable currency in a disaster, at least as much as gold.

yup. btc doesn't *need* the clearnet; paper wallets + satoshi/xpub slips or radio mesh (LoRa, CB, HAM) still let you hand off a balance to someone else who can validate later. same way calipers and nitric acid let you test a gold coin without a refinery. just don't be the guy holding only one form of money when the lights dim.