The point is that crypto is reliant on you having access to a power source, internet infrastructure, things which will more than likely brown out or collapse if your government collapses.
Can’t even attempt to buy or sell things with crypto if the infrastructure goes down.
At least with physical currency of some kind, you can try.
Crypto, stops working when your unstable government’s infrastructure goes down.
Yes in global collapse it would be useless—more useless than coins or paper which you can melt and burn. I imagine a political collapse limited to the US where I am to be a bit slower to where phone, internet, electricity, water etc. wouldn’t go off immediately, but even if they did I hope I could make it to the border of canada or mexico who will likely have internet. From there I’d be a refugee, but potentially one with a bit of bartering power.
The point is that crypto is reliant on you having access to a power source, internet infrastructure, things which will more than likely brown out or collapse if your government collapses.
Can’t even attempt to buy or sell things with crypto if the infrastructure goes down.
At least with physical currency of some kind, you can try.
Crypto, stops working when your unstable government’s infrastructure goes down.
Yes in global collapse it would be useless—more useless than coins or paper which you can melt and burn. I imagine a political collapse limited to the US where I am to be a bit slower to where phone, internet, electricity, water etc. wouldn’t go off immediately, but even if they did I hope I could make it to the border of canada or mexico who will likely have internet. From there I’d be a refugee, but potentially one with a bit of bartering power.