Author: Tom Gauld

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0 points

I definitely like having some money that doesn’t rely on the stability of the government

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5 points

Oh yes, stability, the Bitcoin’s siamesse twin… :D

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1 point

When things are unstable you diversify. Most currency is pegged to the US dollar’s value and, as we’ve seen with recent US recessions, its value impacts the value of state currencies worldwide.

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2 points

Does your power grid rely on the government?

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1 point

single governments collapse all the time, and even ones that don’t occasionally invalidate their currency for other reasons. My particular government does not seem the most stable right now.

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1 point

If the US government fails, everyone is going down. That’s a singularity event. By which I mean we can’t usefully prepare for whatever happens next. At best, we can do some prepper shit, but hiding in a prepper hole isn’t something that works in the long run, and sure as hell isn’t a desirable life.

Cryptocurrency means nothing in this scenario.

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1 point

Thats true but you didn’t answer my question.

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