Originally posted by Giovanni Fabbro
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This is true with paper money as well, there have been enough cases where the value of some state's paper money went down to zero and everybody lost everything
When markets collapse and fake money, including Bitcoin, has no value, you're gonna wish you had some kind of limited-allocation physical resource to barter with.
Barter is just a way to trade, the value of the traded objects still follows the same principles.
For example nobody is going to give a shit about gold in a survival situation, so its value is going to be zero even in barter.
And with barter the value of all commodities will swing even more wildly depending on how much each buyer will need them, now that converting them into something else is so much harder.
If you have a water well at home the value you give to water in a barter is zero, if you have a stash of food the value you give to additional food is also zero.
If you have no way to defend a gold stockpile or caravan from raiders/thieves, the value you give to gold gets into the negative, i.e. you want to get rid of it asap to avoid attracting unwanted attention.
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