Interesting analysis

If electricity goes down then you can’t really bank or use credit cards either … you can still use your cash or whatever you have for barter.

If you were to face a long period of no electricity then your banks won’t work, your cards won’t work, and after a few weeks neither will your cash. It’s a flawed argument.

Bitcoin is global the power grid isn’t going down everywhere all at once simultaneously.

Prepper mindset: mitigate against possible bad outcomes, but meanwhile keep going / pursuing opportunities.

Doomer mindset: no sense making the most of things, it’s all going to be over “soon” anyway.

Gotta be careful not to let your prepper mindset lead to doomerism.

Do he know there are nodes in EMP proof bunkers?

if the entire grid went down all around the world (unlikely), you're gonna have bigger problems than losing your #btc stack

The EMP solar flare meteor strike is the gold bugs’ only argument.

In that case I don’t want gold, I want lead.

we good and still can pump gas with hand pumps for our carbonated petroleum motors in ourvehicles...

This is part of why you need silver and possibly gold

If the electricity goes away, so does his bank account. Holding cash beyond some emergency funds makes no sense. Once it’s gone, it’s gone. What then?

Your dad sounds like a content man. He’ll be fine with or without bitcoin for now and lucky for him, his kid can help him out if need be.

I'm always two minds about this. The argument is for something that's never happened in the history of the world. You'd need a group of people that truly just want to cause chaos and watch the world burn, but that requires so much organization and planning I don't know how someone steeped in chaos could ever pull that off. It's like a walking contradiction.

On the other hand... Your dad only has to be proven right once 😂🤣

I'm always intrigued by the prevalence of "preppers" in the USA. Seems to me the USA is literally the last country that will go to the dogs if the world falls apart.

If an EMP goes off, everything is down and cash probably won't exist by then, so everything will be trade and barter (or chaos, theft and violence). But when power is restored and nodes are spun up, you btc stack is ready to go.

Electricity isn’t going anywhere lmao.

I just asked about this very thing (no power) the other day in another feed. Only got one response. Nice to see some others here. Yes, it is far fetched, but for those that survive (heaven forbid) a nuclear blast(s) because of proximity it could be a real thing. Sure, there may be some generating of solar power but the “what if” still exists.

A healthy balance of digital scarcity & physical scarcity is the best approach as a prepper. Gotta be prepared for both situations. 10/10 for your dad growing his own food, does he do any cows, chickens, pigs, ect?

Same argument for quantum computing if that eventually broke everything.

Like your dad, if that’s someone’s concern then work to build a life where you have no need for a monetary system.

Saving in bitcoin along the way can help you build that life faster for you and the ones you love.

Can't retire on spam and brass.

Prepping is just what you do for the mandibles chapter before the Bitcoin standard.

You or your dad may like this book https://nostarch.com/practical-doomsday

I’m the old man prepper in this situation, except I’ve adopted bitcoin. My older brothers, also preppers, asked what happens to bitcoin if either the internet or electric grid goes down. My answer was: “We prep for the most likely scenario, power outages, weather catastrophes, civil unrest. The greater the catastrophe, the less likely the scenario. A long electric or internet disruption would cripple our government. Which makes the situation highly unlikely. Even more unlikely is the entire world looses power or internet. Even then all we need is one bitcoin node to survive. Every bitcoin node contains the entire blockchain. Every transaction since the genesis block is recorded on an immutable ledger.

Bitcoin transactions have been relayed across the globe via ham radio.

In the event of a global tragedy… yes, we will trade: food, work, money, sex, booze and bullets, but humans are resilient. Society will rebuild quickly. We retain the knowledge to rebuild the electrical and internet grids quickly and bitcoin will be the first money to reemerge. Maybe you should put 1% or 2% of your savings into bitcoin just in case it catches on.”

If an EMP goes off and there is no electricity, then regular bank accounts, payment options, credit cards, PayPal, etc all goes away. And there is a good chance it never comes back ie when power is restored your funds may have been ‘affected’. With Bitcoin your money will be right where you left it.