Bitcoin Q&A: Will Bitcoin Save Us From a Global Currency Crisis? Video

Keywords/phrases: I'm perplexed by people in this community who think Bitcoin would thrive in a time of chaos and collapse. I've lived in a country with a currency crisis (twice) and a lot of really good people get hurt; we shouldn't be wishing for that. Bitcoin is not ready to absorb a global economic crisis. Unfortunately the system is very fragile and there's a good chance it could happen. Just because Bitcoin can act as a safe-haven investment, as an exit valve, just because Bitcoin spikes during events like Brexit or the yuan devaluation -- there's a big leap between that and "I hope the world burns so I make more on my bitcoins."
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Chapters
0:00 I was curious, I love your analogy of the hole in the dam getting wider. Let's say we have a 'black swan' moment with, for example, Deutsche Bank going under and dragging down twenty times the hypothecation of the European economy. Does that dam just break? What does that mean for the average person in North America and Europe?
1:45 If we do have a global economic crisis, at this point, bitcoin is not ready to absorb anything
2:58 The more likely scenario is, when it burns, the fire is put out by several trillion dollars of helicopter money. They talk about the IMF doing $100 trillion bailouts and things like that. Would that have a different effect, in terms of the size of the holes of the wall?

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