any currency that can't operate without electricity is a no from me, at least not any money I'm not comfortable with losing anyway. You should have seen the people trying to pay with credit cards during the black outs in texas. If you didn't have cash you were out of luck!
Credit cards are usually valid up to 72 hours. Transactions carry out once online connection is established. If a transaction doesn't go through and a product was purchased (taken) it's up to your government to handle it locally. Paper wallets exist for bitcoin but they're kind of inefficient at the moment. (maybe crypto people will argue this)
At the end of the day, if a government accepts bitcoin they also accept the duty to monitor transactions, enforce their validity and even print crypto physical.
In this case, then shouldn’t we be hitting ATMs, and putting all our cash in a safe before something like this were to happen? The USD is mainly digital at this point. I’m not sure on this conviction. But by this theory, should be buying up anything with intrinsic value or keeping dry cash in a safe before some sort of “power outage.” Cripples the digital world
any currency that can't operate without electricity is a no from me, at least not any money I'm not comfortable with losing anyway. You should have seen the people trying to pay with credit cards during the black outs in texas. If you didn't have cash you were out of luck!
Credit cards are usually valid up to 72 hours. Transactions carry out once online connection is established. If a transaction doesn't go through and a product was purchased (taken) it's up to your government to handle it locally. Paper wallets exist for bitcoin but they're kind of inefficient at the moment. (maybe crypto people will argue this)
At the end of the day, if a government accepts bitcoin they also accept the duty to monitor transactions, enforce their validity and even print crypto physical.
In this case, then shouldn’t we be hitting ATMs, and putting all our cash in a safe before something like this were to happen? The USD is mainly digital at this point. I’m not sure on this conviction. But by this theory, should be buying up anything with intrinsic value or keeping dry cash in a safe before some sort of “power outage.” Cripples the digital world