Viewing a response to: @taskmaster4450/are-you-ready-for-the-collapse
I share a lot of the sentiment here and think crypto is the future. However if panic sets in, how is crypto going to help if the world is not ready to accept it as a viable form of currnecy. If there is a massive crash I think people will start pulling out of crypto short term to trade it in for liquid cash to buy daily products, not the other way around. A global recession would hurt crypto short term but i think long term it would open a lot of eyes.
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| author | jasonshick |
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|---|---|---|---|---|---|
| elviento | 0 | 2,077,430,354 | 1.5% | ||
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That's probably true, although the hope would be that if Weimar level hyper inflation beset the dollar in the last days before a permanent bank holiday that people would start setting the paper aside and transacting for basic needs locally using fungible commodities (incl. silver & gold, beans & bullets), barter, crypto, etc.
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| author | jbgarrison72 |
| permlink | pvffbb |
| category | steemleo |
| json_metadata | {"tags":["steemleo"],"app":"steemit\/0.1"} |
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