i do not understand the intersection of cryptoidiot and doomsday prepper.
if you can still convert your magic computer coins into delivered supplies, it’s not doomsday.
If you have no faith in institutions coupled with no exposure to leftist theory, then you could be convinced of both. Bitcoin doesn’t have any central server nor anyone at the helm. Your seed/password is coordinates on a graph and nothing more. If you feel like the institutions are to blame and they want to control you with an iron grip, the separation of money and state becomes really attractive to you.
When you see places where your currency doesn’t take you far and is liable to go up a billion percent in inflation, you’ll see people trading specks of gold for groceries. People have been using gold for a whole lot longer than they have central banking. If you’re a gold bug, you’re rubbing shoulders with people who see Bitcoin (as distinct from other cryptocurrencies) as a superior asset due to its transportability. For example, if you needed to smuggle it across a border, you wouldn’t even need the physical metal tube, you’d memorize the words and regenerate your wallet once you’re inside. Price action is secondary to this sort of ideal. Arguing about Bitcoin on the basis of wildly fluctuating price is futile because they don’t see the price of something in fiat as a very useful gauge for its value. Even the uptime of the Internet after shit hits the fan (SHTF) is to be a practiced and conditioned argument.
In essence, if your game plan is self sufficiency with guns and gold, you can be convinced to get Bitcoin instead of/in addition to gold.
Method of storing the seed
Crypto bros reinventing sperm banks
Cryptobros now have this thing to store their ‘seed’ (wallet password) in. I don’t understand how it works but its supposed to be fire proof (prepper vibes). Of course, it doesn’t make it any less likely to be stolen.
Prepper vibes? I’d say it’s just common sense. If you had a password to all your money wouldn’t you want to keep it safe from fire and water damage? Your bank does
Yea and banks too get robbed. Except that banks are insured and in the worst case they can ask the central bank.
If you had a password to all your money wouldn’t you want to keep it safe from fire and water damage?
I would simply won’t have all my money be reliant on a steel rod. Crypto is hot potato, buy drugs and throw it to someone else so its not your problem. Anyone holding it long term as an investment is a fool.
Why not just get a safety deposit box?
And if you have a ton of money in crypto talk to your home/rental insurance and have it covered. You don’t have to do crazy etching.
Storing their seed because they’ll never spread it.
And cryptobros wonder why their artificial speculative investment “currency” hasn’t usurped central bank currency yet.
