Today, 01:01 PM
I know, economics is hard..
But slow down for a second. I just asked you if somebody was willing to trade something of value to YOU for bitcoin, would you trade something of value to someone else to receive bitcoin to trade? The answer is yes, of course you would. You are not an idiot, I believe in you. If you need a bag of rice to survive and some guy with a bag of rice wanted bitcoin, and you had something that somebody else wanted that you didn't need that much and they had bitcoin, you would be intelligent enough to make that trade so your genes could continue to survive. Your body would literally force your brain to rationalize it and trade bitcoin in that situation. I have full confidence of that.
The point is, you don't know if people will accept bitcoin or not, but what you don't understand is that mediums of exchange are very valuable in and of themselves. Bitcoin works well as a medium of exchange because it has the characteristics of a good medium of exchange.
If people have access to electronics and can transfer bitcoin while the paper currency is hyper-inflating, they WILL, and depending on how widespread the usage is it could become HIGHLY valuable beyond your wildest imagination.
A much better argument you could make is that electronic devices or network infrastructure may not be available to transfer bitcoin.. but as long as that exists, there is a huge potential for bitcoin to be used as an alternative currency during a currency crisis.