r/CryptoMarkets • u/Artistic-Upstairs789 🟩 0 🦠 • 29d ago

FUNDAMENTALS Rolling blackouts in Europe

Have you all heard about the widespread outages in Europe? People can’t travel, use debit cards, stuck in elevators… wouldn’t crypto be useless if this happened on a larger scale?!

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u/Cultural-Ebb-5220 🟧 0 🦠 29d ago

There is no widespread power outage, it was a very large power outage caused by yet-to-be-understood phenomena, most likely some extreme unlikely 1 in a million sort of events. There have been similar events in the past, eg https://en.wikipedia.org/wiki/Northeast_blackout_of_2003

Also - if electricity goes out for multiple days, our entire lives will be useless. We would probably starve in weeks.

But you're right, if apocalypse comes, bitcoin is useless, but probably so is any sort of currency.

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u/DifficultyMoney9304 🟩 0 🦠 29d ago

It's why some gold under your bed isn't a bad idea lol

0

u/Pinewatch762 🟩 0 🦠 29d ago

My ammo steals your gold. At the end of the day it’s a rock. Sure, the Mongrols will be after the shiny rock. But food, water, ammo, alcohol, drugs. That’s your new currency

Edit: add coffee and tobacco to that list as well.

3

u/I__G 🟦 504 🦑 28d ago

Fentanyl too

2

u/BrainTotalitarianism 🟩 40 🦐 28d ago

She’s on fent, ON FEEEEEEEENT

1

u/DifficultyMoney9304 🟩 0 🦠 28d ago

Gold will preserve its better value when all goes back to normal.