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10 sats \ 1 reply \ @designsats 30 Sep 2022 \ on: Honest question - how would we handle Hurricane XXX recovery under BTC standard? bitcoin
Prices would always adjust down in btc standard.
Yes, people donate.
Also, under btc standard, people will have more than nothing of emergency savings. No need for money printing if affected community has hodlers
Seriously? It will take decades to convert to BTC standard. In meantime there will still be natural disasters.
And most people would not have enough saved up to foot the bill for their own home repair or business structure rebuild. Don't see this as a viable solution.
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