When Banks Stop Working the World Turns To Bitcoin (BTC)

Michael Saylor shared: When banks stop working, the world turns to bitcoin.

Community Response:  Yeah, until u have no internet/power to use it.

What if you have power, but the purchasing power falls? i.e., what happened to Rubble isn’t a good sign for Fiat. And, this can happen to any who are from the developing nations!

That’s true. Gold is safer given the threats of war on the internet/power infrastructure. We’re talking war scenarios. IMO this is a much riskier climate than ever before.

Gold? Really…try fleeing a war-torn border. Easily get confiscated, stolen, etc. it’s heavy. Are you going to buy bread with bars of gold? Lol.

You don’t flee with gold. That’s not the purpose. You would hide it for post-war preservation of wealth IMO should you survive. In a WWIII scenario, nothing matters. It’s all guns and bullets, barter and trade. Gold is not for currency.

That sounds so much more impractical than memorizing 12 words in your head or writing them down lol.

You’re talking about a secret code for your hard storage? Yeah, with no idea where the value will go during a war-torn world with vast areas without internet or power. I’m very pro-crypto but not in a WWIII or situated close to it.

If it’s hidden and you can’t get to it, then it’s worthless to you. Thought experiment, all your assets are gone. Your bank account is frozen. BTC is still accessible anywhere. No one can take it from you.

BTC is not accessible anywhere in this situation, you are wrong. 2nd, you’re implying you can’t get to it. During the time of war, your money is useless. It all comes down to who has the most supplies, guns, and ammo.

Yes, it is…unless you can’t access the internet, however, crypto radio is currently exploring ways of broadcasting blockchain data across DVB-T, which is non-reliant on the internet. And how does one get supplies, guns, ammo? You need to think through your thoughts.

Which you can access pretty much anywhere. So it’s a stupid point. Look at Elon sending and his satellites over Ukraine. But keep trying…lol.

Funding terrorism using BTC. I guess this is nothing new… Being going for a while, I can assume.

No, you have this wrong short-term BTC funds the defense of Ukraine long term, it almost eliminates wars. Do some more reading.

And you think it’s a good thing that Russia can have access to bitcoin now?

And as soon as all the Russian and Ukrainian money goes in, those who control BTC will commence the dump.

That would be the most stupid act ever. If there was such a controller. You can´t honestly think dogecoin will ever be adopted more than it has been already?

Matter of time before individuals realize the true power of Bitcoin. 1BTC = 1 BTC. Only fools peg it to dollar value. It’s a value in itself.

Enjoy paying for some whale’s yacht or Mt Gox creditors or the millions of coins that haven’t moved….yet. And then have fun watching JP Morgan and other institutions making BTC their perpetual piggy bank. Range trade for decades. See gold.

If demand would be booming bitcoin would go up rapidly. I don’t see that happening. So what do you see that I don’t?

So true, starting with Africa and Southeast Asia and the people in Tibet and remote places in Latin America.

Banks are working fine for everyone who doesn’t live in Russia, ie “the world”. Also, 99.999% of Russians don’t use bitcoin either. Have a cup of tea and a rest dude.

Yep, and people do not realize that. The spike is only to lead to two things. 1) Expedited regulations that will completely cripple crypto making its value very minimal. 2) Increased amount of countries outright banning it completely. Destroying what value it does have.

They turn to Coinbase which can also be shut down like a bank Let’s be real without better fiat rails crypto isn’t much better than traditional banking.

Agree however we need to get off centralization, CEX’s are giving crypto a bad name. Everything related to crypto should be non-custodial and decentralized. TOTAL FREEDOM!!!