# Bitcoin World Volatility **URL:** \ **Category:** General Discussion\ **Tags:** bitcoin\ **Created:** [20 March 2024 03:38 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472 "2024-03-20T03:38:34Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![Mettelus](https://scanalyst.fourmilab.ch/letter_avatar_proxy/v4/letter/m/a587f6/32.png) [@Mettelus](https://scanalyst.fourmilab.ch/u/Mettelus)\ **Post date:** [5 April 2024 12:34 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/21 "2024-04-05T12:34:54Z")
> [@Gavin](#): > > Thought experiment – “Joe Biden” ensures that the USA gets nuked. Electric grid is gone. Internet is gone. Water & wastewater systems are in ruins. Food supply chains are totally disrupted. Under those circumstances, how many gold bars would I get for a can of beans? Your definition of store of value is correct. However, I think it pays to think about the many different futures and the probabilities. In your example of one possible future, Gold and Bitcoin would still be exchanged outside the devasted region. A person could go to a country that is still functional is the theory. Whether this is practical or realistic is up to the individual. There is no one thing an individual or group of individuals can do to be resilient to all possible futures. There are those that follow the “guns and ammo” principal. That guns and ammo will protect whatever it is they have to eat or allow them to take whatever it is they need. There are those that have been working to be self reliant. Living off grid and raising their own food. For each of these ideas, I can come up with realistic scenarios where the solution doesn’t fit the problem. Even for those with the insight and courage to move to a country that has a lower probability of disaster, which I think is the best solution in terms of probability, there are risks. Doug Casey often tells the story about a man living in Europe that saw WWII coming and decided to move to a place that the war would not touch. He moved to Guadalcanal. Whether true or not, it illustrates that there are no guaranteed solutions. Just probabilities. In King Rat, the Clavell novel based on his POW experience, cigarettes are valuable. Not because everyone smoked, but because enough people did smoke that they could be counted on as tradable. Thus, the value doesn’t have to be directly applicable to the person in need of something (I need food in your scenario). Even in the worst war torn starvation scenarios, there are people (typically warlords) that want something they can exchange outside of necessities. They steal the food provided by the NGOs and what do they do with it? They somehow use it to fund their enterprise which includes buying weapons not made in the country. My guess is that they operate like a pawn shop. They will take anything of value outside the given region. ---
**Author:** ![jabowery](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/jabowery/32/5478_2.png) [@jabowery](https://scanalyst.fourmilab.ch/u/jabowery)\ **Post date:** [8 April 2024 00:14 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/22 "2024-04-08T00:14:42Z")
![image](https://scanalyst.fourmilab.ch/uploads/default/original/3X/b/f/bf0f7bc53b52ee2cfdf63af3b035f658cd49c3b1.jpeg) ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [21 April 2024 06:12 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/23 "2024-04-21T06:12:07Z")
[![](https://scanalyst.fourmilab.ch/uploads/default/original/3X/5/a/5a7271bf4760af96d032f426af989736a36069a4.jpeg "Bitcoin Halving Spam Attack") ](https://www.youtube.com/watch?v=wdGQ2T7J7XI) ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [21 April 2024 09:44 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/24 "2024-04-21T09:44:53Z")
> **[IMF says Bitcoin has become necessary financial tool for preserving wealth \\...](https://stacker.news/items/513000)** > > According to the IMF, residents of countries with restrictive financial regulations are turning to Bitcoin to move capital across borders more freely. \[16 comments\] ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [9 May 2024 02:26 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/25 "2024-05-09T02:26:39Z")
JUST IN: 🇺🇸 Donald Trump announces he is accepting presidential campaign donations in cryptocurrency. @WatcherGuru ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [10 May 2024 18:21 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/26 "2024-05-10T18:21:37Z")
> **[Proposed Arkansas crypto mining regulations head to governor's desk •...](https://arkansasadvocate.com/2024/05/01/proposed-arkansas-crypto-mining-regulations-head-to-governors-desk/)** > > Several lawmakers have said there will likely be more crypto mining legislation proposed in the 2025 legislative session. ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [16 May 2024 18:49 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/27 "2024-05-16T18:49:24Z")
JUST IN: CME Group, the world’s largest futures exchange to launch Bitcoin trading. @WatcherGuru ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [21 May 2024 19:29 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/28 "2024-05-21T19:29:39Z")
> **[Venezuela to Disconnect All Bitcoin Mining Farms to Control Power Demand –...](https://bitbo.news/venezuela-disconnects-btc-mining-farms/?utm_source=bitcoinminimalist.com&utm_medium=newsletter&utm_campaign=fiat-wars-escalate)** > > Venezuela announced it will disconnect all cryptocurrency mining farms from the national power grid to manage electricity demand and ensure efficient service. ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [21 May 2024 20:18 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/29 "2024-05-21T20:18:16Z")
> **[Watcher Guru](https://t.me/WatcherGuru/6173)** > > JUST IN: Donald Trump's presidential campaign officially accepts Bitcoin and crypto. > > @WatcherGuru ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [21 May 2024 23:20 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/30 "2024-05-21T23:20:57Z")
[https://www.donaldjtrump.com/crypto#crypt-form](https://www.donaldjtrump.com/crypto#crypt-form) ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [24 May 2024 12:37 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/32 "2024-05-24T12:37:57Z")
> **[How Does Bitcoin Work? | A Quick Explanation for Beginners](https://learnmeabitcoin.com/beginners/how-does-bitcoin-work/)** > > A quick explanation of how bitcoin works in one article for beginners. ---
**Author:** ![Enon](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/enon/32/18935_2.png) [@Enon](https://scanalyst.fourmilab.ch/u/Enon)\ **Post date:** [24 May 2024 16:38 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/33 "2024-05-24T16:38:47Z")
More economically useful idea: back currency with production capacity directly, tradable nominal market-valued “machine hours” redeemable for use of factory equipment, issuable by anyone with factory equipment, spendable by anyone who wants to make goods with that equipment. This works particularly well when networks of co-located machine owners collectively have the capability to make more machines and the loans, space rental and insurance for the machines can be paid in machine-hours. 10 pp. white paper / economic plan available: “Wide-Ownership Workshop Industrial Ecology Summary” > **Vision** : to encapsulate a manufacturing base in a minimum investment, to make factories that can economically produce factories and almost any other product, to create automated market-based mechanisms to run such a factory complex, routing tooling and partially finished work among a network of hundreds or thousands of owners of co-located equipment bought with equipment-secured loans, so to distribute the profits of real capital and sustain demand, while also eliminating the succession of profits, marketing and tax markup of middlemen. ---
**Author:** ![Gavin](https://scanalyst.fourmilab.ch/letter_avatar_proxy/v4/letter/g/439d5e/32.png) [@Gavin](https://scanalyst.fourmilab.ch/u/Gavin)\ **Post date:** [24 May 2024 20:02 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/34 "2024-05-24T20:02:39Z")
> [@Enon](#): > > back currency with production capacity directly, tradable nominal market-valued “machine hours” That sounds vaguely analogous to the “Rentenmark” issued in Germany after the hyper-inflation caused by the nefarious Treaty of Versailles. The Rentenmark was backed by productive land – the limited supply of which removed from the authorities any ability to print more of them. The nice feature of a “machine hours” currency is that it would refocus society on the idea that a sustainable economy depends on production – not on consumption, as economists would have us believe. Production Precedes Consumption! ---
**Author:** ![eggspurt](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/eggspurt/32/3686_2.png) [@eggspurt](https://scanalyst.fourmilab.ch/u/eggspurt)\ **Post date:** [25 May 2024 14:29 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/35 "2024-05-25T14:29:31Z")
> [@Gavin](#): > > The Rentenmark was backed by productive land – the limited supply of which removed from the authorities any ability to print more of them. That’s so interesting! I’ve known of a few complementary currencies, but this one somehow hasn’t percolated into my list. > **[Complementary currency](https://en.wikipedia.org/wiki/Complementary_currency)** > > A complementary currency is a currency or medium of exchange that is not necessarily a national currency, but that is thought of as supplementing or complementing national currencies.: 3 : 2  Complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency. According to Jérôme Blanc of Laboratoire d'Économie de la Firme et des Institutions, complementary currencies aim to protect, stimulate or orientate the economy.:  When spe... ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [26 May 2024 18:41 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/36 "2024-05-26T18:41:52Z")
> **[Donald Trump: 'I Will Commute the Sentence of Ross Ulbricht](https://www.breitbart.com/politics/2024/05/26/donald-trump-i-will-commute-the-sentence-of-ross-ulbricht-the-founder-of-drug-site-silk-road/)** > > Former President Donald Trump promised to commute the sentence of Ross Ulbricht, the founder of the online drug website, Silk Road. ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [26 May 2024 19:04 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/37 "2024-05-26T19:04:05Z")
[![](https://scanalyst.fourmilab.ch/uploads/default/original/3X/7/3/73043908582a0d0d8751e6a66d3383406511a6f3.jpeg "Lizzy Takes The L (Bitcoin)") ](https://www.youtube.com/watch?v=HDBSj9esSck) ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [26 May 2024 19:15 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/38 "2024-05-26T19:15:23Z")
NEW: 🇨🇭 Zurich University of Applied Sciences is introducing Europe’s first master’s program dedicated solely to #bitcoin 🙌 The “CAS in Bitcoin Economy HWZ,” is a comprehensive course catered to students in the financial sector. ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [28 May 2024 18:41 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/39 "2024-05-28T18:41:08Z")
Nasdaq-traded Semler Scientific (SMLR) Announces Bitcoin Treasury Strategy after Purchasing 581 BTC for $40 Million - [Link](https://www.prnewswire.com/news-releases/semler-scientific-announces-bitcoin-treasury-strategy-302156715.html) ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [1 June 2024 00:45 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/40 "2024-06-01T00:45:19Z")
BREAKING: 🇺🇸 President Biden vetoes bill that allows highly regulated financial firms to hold Bitcoin and crypto. @WatcherGuru ---
**Author:** ![Citizen\_bitcoin](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/citizen_bitcoin/32/19488_2.png) [@Citizen\_bitcoin](https://scanalyst.fourmilab.ch/u/Citizen_bitcoin)\ **Post date:** [3 June 2024 00:06 UTC](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472/41 "2024-06-03T00:06:54Z")
[https://bitcoinmagazine.com/markets/trump-becomes-first-president-to-accept-bitcoin-lightning-payments-for-campaign-donations](https://bitcoinmagazine.com/markets/trump-becomes-first-president-to-accept-bitcoin-lightning-payments-for-campaign-donations) [https://secure.anedot.com/trump-47-committee/crypto47](https://secure.anedot.com/trump-47-committee/crypto47) [Previous page](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472.md?page=1) [Next page](https://scanalyst.fourmilab.ch/t/bitcoin-world-volatility/4472.md?page=3)