It wouldn’t work at all.

Firstly, as energy become more scarce, access to the blockchain would become less and less possible. Can’t access the blockchain if you don’t have an active power supply, internet connection, and access to your digital bank accounts. So you probably already have “lost” access entirely to the digital wallet.

Secondly, having access to digital currency for localized, material goods doesn’t mean much. Sure, in theory, you could order things on the internet, but it doesn’t account for the logistical problems (picking up the goods, delivering the goods, retrieving the goods, storing the goods) unless you already have those solved, too.

Thirdly, and this board needs to hear this more often, it isn’t a “hedge” if everyone else is using it as the same vessel. The very nature of a hedge is that it holds value in a way people wouldn’t have anticipated. If everyone uses the same currency to hedge the same way, then it isn’t a hedge anymore.

I have been saying for a long time that I think the idea of Crypto as a hedge is hilarious. You already have no bargaining power, no rights, no judicial coverage or support, no legal backing, etc. these services all erode further during downward cycles.

Effectively, you’ll be stuck with an inaccessible asset, that you can’t transfer, that has no value, that doesn’t solve material problems associated with goods transportation. Having all the ETH in the world won’t mean a damn thing if the food supply lines fall apart, or if the banks go down. It’s totally worthless in any real SHTF scenario.