Craptocurrency means nothing to anyone who isn't connected to the internet 24/7. it's just as fake and intangible as fiat. Who gives a fuck about the block chain. If there is a societal collapse and the power is intermittent because of massive shortages, the last thing anyone wants to see is some cocksucker with a smartphone holding it up and going "I'll give you some of this digital bullshit for real world food and water." I'd shoot the fucker on principle in a situation like that.
You need gold to back the currency. Bitcoin/money isn't supposed to just appreciate for holding it. Where one day your money buys you a milkshake and 4 years later it buys you a BMW.
Wrong. How can people be this fucking short sighted? There is a 100% chance that in the future we will use it completely. When space travel really kicks off and the future comes, you know it to be true. It's obvious, the world may not need it now but it fucking will.
Henry Bell
why would anyone take gold either in your scenario? If the power grid goes out then gold's use case disappears, i think at that point people will just barter. also >implying you'll survive social collapse
