I’m seeing that too. The dialog from these dunning Kruger’s is way different from the other people I speak with. When you speak with those you get a bullish but balanced picture of how it can play out. some of these bought 20 Bitcoin at 1500 and think they understand the whole ecosystem. (That’s not a hypithetical).
When the power goes out and all internet traffic stops, my bitcoin is the last thing on my mind. The entire world will cease to function so it won't matter much.
But not right away, humans are survivors. There will be a run on important stuff like toilet paper. Those with fiat cash or something that can be exchanged will be able to stock up. Those who rely on having power will be in trouble.
I agree, but lets face it, if things are this bad, even for the people with cash, the future will be bleak. Everyone in big cities will starve to death. The food will stop arriving. And all the condo people will probably not have any running water, so living 30 floors in the sky will be a catastrophe with no water or electricity. The only people to really have a good chance will be those in the countryside. And even then, without guns for protection, it won't matter if you have bitcoin or fiat or even gold since you will probably be robbed multiple times over anyway.
I think it's hard to manipulate cryptocurrency. Cryptocurrency is not predictable. That's why I think the most important thing is to analyze the market and to have a smart strategy for allocating your budget. I have half of my budget for investments and another half for blockchain games 2022. I discovered crypto games this year and this is also as an investment option.
I am a very nostalgic person. I still play all the ancient stuff like Civilization IV and Total War series. That said, some of the newer stuff I dabble in now, SplinterLands, or GodsUnchained, are heavily based in crypto. A survey last year showed that 90% of current gave devs were looking to incorporate crypto in some way to their titles. This also included AAA titles. I think it's safe to say, regardless of where the world's markets go the next few years, pretty much all of Gaming assets will be on-chain somewhere. Things may be so redundant no one will even say the word 'blockchain' anymore, unless you still like to refer to your car as a 'motorized horse carriage'.
Depending on what it is meant by "loss of power" duration wise. Fiat nor Bitcoin will be used as a way to barter. So "Cmon Man"....
All I hear from the Non-BUTTCOINERS, lol is" How about If this", "If that", "If when", "If could've", "should've". We've been hearing it from the same crew since I wanna say bitcoin sub $3000.
Epic. If you could temporary rent pcs to host nodes that would create that 51% , then yup. Someone has to offer the service tho.