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A company can make their own token and mandate them inside their ecosystem. Making a fiat.
I will make such just to make sure you wont be correct as you live. There will be some fiat all your life. Deal with it or cry harder
You are a contrived son of a central banker 🤡
Anything to see you cry :) I need to hydrate *slurp
Why would I cry? I am obviously right. You can go ahead and cry when your precious fiat is all gone in a decade or two.
your bloodline is weak
Cos I ordered you to :D You my little bitch Now please cry some more.
Keep going
Imagine a 1 week blackout after natural disaster or war. Do you expect there will be something like trusted bitcoin-backed notes? If not, I listen to your proposition. How would commerce continue in such case?
When you are looking for weird edge cases with a tiny scope, you can simply accept defeat with honor, rather than feigning ignorance as to the legal notion of spirit of the law.
But yes, bitcoin bearer instruments would be what you want in that situation, along with physical supplies. You have to be really dumb to think dollars will hold value so you can trade them after a natural disaster. Be better. Be a bitcoiner. Live like a bitcoiner.
I didnt mention dollars so you must be talking about someone else.
Considering onchain isnt for day-to-day. It couldt be something like opendime. So there will have to be trust involved.
What defeat? This isnt debate to win. Im curious whats your solution for something that happens quite frequently in many parts of the world. I had 8h blackout today. So it got me curious how would bitcoin fix that
All right, maybe misinterpreted based on barrage of other comments, but check this out.
I forget whether it's on chain or not, but idk why you can't do something similar to Offline Cash with Lightning, or perhaps a not fully trustless Chaumian mint. https://twitter.com/offlinecashco
Whats problematic is - you never know in advance when big backout happens. So having amount of trusted or semitrusted notes just in case doesnt seem like viable option.
Gonna ask guys who develop custodial wallets what they think.
Well, it seems that for emergency preparedness, having food, batteries, bullets etc will be what matters. If you can't move about easily, you might not be able to transact effectively.
ok fiatist with bank account :D
Timeline is total speculation, not an absolute. I do not even rule out 1000 years of fiat even if I assign it a practically infinitesimal probability.