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RE: RECESSION STARTING. BITASSETS WILL PROVE TO BE A SAFE HAVEN

in #gold8 years ago

That would certainly be a worst case scenario and I don't know how to account for something like that. However, the good thing about BitAssets is that they track the price of something like gold rather that the belief that a token, like a Bitcoin, has value. Hence, once the Internet comes back on the BitAsset keeps the peg to the published price.

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History shows, that it is often necessary to have some kind of worst-case crisis, for accelerated adoption of new concepts to happen. So yes, I do agree that systems like that may prove of great benefit when the lights come back on. Sensibly hedging against the chaos of transition is actually not tremendously hard. It just has to happen offline, in addition to building for the future online.