I believe that paper notes will be the last of the things to fall.
People will still accept paper notes for a while after banks collapse.
It is just ingrained in people to accept them.
And in that small, in between time,
some guy, in a fedora, a trench coat and glasses with tape on them
will be standing around street corners offering to exchange 1 satoshi for 1 dollar.
look into 20s/30s germany ok?
Yes you should look into 20s Germany.
There is a time before the hyperinflation and a time after the bank runs start.
The problem is in that we do not accept gold and silver as money for purchases in the west anymore.
In Germany, all the people who were seeing what was happening where shifting to other currencies.
This time it is not one country, but all countries. (except maybe Russia)
people will be forced to adapt
or they will only see everything crumble in their hands
people now already accept a lot else than only notes
some even beg to abolish notes
we are still before hyperinflation
probably also a reason why we wont go the hyperinflation route again
Agreed. Though with hyperinflation, how many notes will a person need to buy a loaf of bread in the future?
Love the taped glasses fedora trench coat guy! 1sat for $1 sounds like the kind of exchange I can live with :)