absolutely none of this is true, including the idea that you 'have to solve increasingly hard math problems'https://twitter.com/paulg/status/1384040569710682113 …
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Also, it isn't *that* easily transportable. Bitcoin transactions take around 10 minutes to clear, which makes them pretty useless for minor and retail transactions. Also, it's a form of money that ceases to exist if something happens to the internet architecture.
I have met people who literally tell me they want to stock bitcoin because paper money will become worthless if the government collapses...and I just wonder what government collapse they have in mind where the internet and giant bitcoin-mining server farms still work.
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But also, financial planning for social collapse is dumb. People have done it exactly the same way for 2500 years: you bury a bunch of precious metals (in the form of coins, usually) to come back for them. You can tell it doesn't work because we keep excavating the coin hoards.
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But if it does work in some cases, what would be left to excavate?
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