Effects of World War on Cryptocurrency

[Anonymous No.15931562]

I'm interested about what you guys think will happen to crypto in general if a world war breaks out. It's a given that investment as a whole suffers but that's particularly true for risky investments similar to what happens during a recession. I can see crypto being forgotten about completely in the mainstream and most people with the capability to invest their wealth will be investing in things like precious metals.

One other aspect I've been thinking about is a nation states capability to disconnect another nation state from the internet (and therefore blockchains). How would various blockchains react to the U.S, Russia, or China for example suddenly going dark and all those nodes disappearing?

[Anonymous No.15931584]

technology is bearish during a war if it is not relevant to fight the war

also the infrastructure will be cut. just blow up some cabels and all continents are seperated

[Anonymous No.15931587]

>>15931562
If there's a world war the cable lines in the sea will be cut, connections will be blocked, and crypto will grind to a standstill. There will probably be forks within nations

[Anonymous No.15931591]

>>15931562
depends on how long the war lasts

[Anonymous No.15931610]

>>15931562
Crypto's only value is as a speculative casino coin. It's a massive Ponzi that will eventually be abandoned once the next trendy, shiny Ponzi comes around. Anyone deluding themselves that something that's worth $10 one day and being worth $1 the next day has any widespread, practical application is a fucking moron.

[Anonymous No.15931647]

In the case of a real world war, all of them plummet 90%+ - China, Russia and other countries would just take away the power needed to run their nodes, and people would chimp the fuck out.
And that is why holding crypto is stupid medium/long term, it is supposed to be a fucking currency, and only morons hoard "money".

[Anonymous No.15931656]

>>15931562
Loaded question. What's the likeliness we see an actual, conventional world war between (I assume) China and America?
There are numerous likelier situations, including massive civil unrest in both of these countries.

In an unconventional, multipolar, and further decentralized world, the case for crypto is bullish.

[Anonymous No.15931669]

>>15931584
Yeah that's exactly what I'm picturing. No real development on crypto as most of the technological advancements are going to the war effort. Plus cutting undersea cables between nations to cripple them...

[Anonymous No.15931687]

>>15931669
>Plus cutting undersea cables between nations to cripple them
In the future we will see satellites replace cable technology, as satellites become faster and more reliable.

[Anonymous No.15931706]

It's possible btc, bch and bsv splits are ww3.
Communism is impossible without control of monetary policy.
There's been nothing but proxy wars since the end of the cold war to force demand for the usd I think China thought it was going to replace the usd with their own Petro yuan. No one gets a Petro currency if bitcoin is adopted however

[Anonymous No.15931779]

>>15931656
Depends on who you ask but as time goes on it appears it's only getting more likely

[Anonymous No.15931812]

>>15931779
Don't want to get into a geopolitcal discussion as this is /biz/ but realistically speaking we are still quite a ways away. It'll take China at least another decade to offer any kind of serious challenge towards the Americans. I'm sure most /biz/ anons will have made it by then and diversified their assets enough so as to not be affected too harshly.
Only /pol/ larpers will have you believe the world is on the edge of war as things currently stand.

[Anonymous No.15931814]

Ahem
GrounderCoin is already working on it ladies and gentlemen

Insurance policy against grid calamities and a bullish options strategy for space colonization

[Anonymous No.15931827]

>>15931812
In order for China to threaten the USA and allies, they will need a much stronger economy than what they are getting, in order to get that economy, they will need to open their market even more.
Look at Hong Kong, that is only the beginning, when (not if) China surpass the USA, they will no longer be a military threat because the actual political system will have collapsed.

[Anonymous No.15931862]

>>15931827
>the actual political system will have collapsed.
This is up for debate. Academics in the 70s (when China was first opening up) were saying that they'd be a liberal democracy in a few decades, after their markets were liberalized. Look where we are now. I wouldn't underestimate their ability to largely keep their one party system intact, through one way or another.

And on the other hand, who's to say that liberal democracy is here to stay forever? Even in America? Liberal democracy is the outlier, if you look at the history of the west.

[Anonymous No.15931871]

>>15931827
pearl harbor never forget

[Anonymous No.15931921]

>>15931862
They didn't know the power of the internet and envy back them.
Trust me, the current male generation in China just want to make money and fuck bitches, and with the current male/female disparity, most of those bitches will come from abroad.

[Anonymous No.15931926]

Presumably bitcoin would be fucking huge on the black and grey markets, providing it's supporting infrastructure actually survives the commencement of hostilities.

[Anonymous No.15932149]

>>15931814
I've seen a lotta shitcoins in my time....

[Anonymous No.15932177]

>>15931779
>>15931812
An all-out war is not going to happen. It would be mutually assured destruction. The status quo will be maintained at all costs. The US and China are economically closer the conjoined twins at this point

[Anonymous No.15932329]

>>15932177
The same could have been said about Germany and their economic relationship with the rest of Europe prior to WW1

[Anonymous No.15932609]

>>15932177
MAD doctrine is no longer relevant as China does not have enough nukes to destroy the US. They do have enough to make conflict with China not worth the cost, but anti ballistic missile tech is improving every day and will eventually become effective enough to remove the nuclear deterrent altogether.
At that point, war becomes inevitable.

[Anonymous No.15932627]

>>15932177
In the near future this is true. I was referring to a longer timescale, a lot can change in 3-4 decades.

[Anonymous No.15932683]

>>15931562

>>15932551