Cashless, Bitcoin and the Devil walk into a bar ...
(media.communities.win)
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Crypto can be the great equalizer. A decentralized crypto cannot be confiscated and is borderless with no time restrictions. There is a new sector called DEFI. Decentralized finance. It is taking the bank out of the picture. You can get loans in a trustless manner. Crypto is the great equalizer
Actually, internet is the great equalizer. Because cutting internet access equalizes bitcoin to zero.
Very true.
You gotta be naive if you think anything will work without internet today :-)
Alright, I know what you're gonna say, you personally live off grid and can survive without internet, maybe you personally have thought of everything. But what about the lefties and libtards in nearby cities?
Once internet goes down chaos will erupt in hours, and it won't take long before a herd of zombies come walking towards your farm looking to burn, loot and murder. Have you thought of that? are you prepared for that?
See internet and power grids are partially decentralized across the world, it's very unlikely that the whole world lose power and internet connectivity at the same time and permanently, if that happened nothing would matter anyway. But say it's only your state or country that is affected.
Then perhaps it's a good idea if you could bring your wealth easily, securely, and travel light, while escaping the zombie apocalypse that was once a major city close to where you used to live.
Naive is thinking you can't live without a computer. Computers stole your freedom... yeah let's have some .ore of that. Comon man, I k ow you are smarter than that.
You don't understand, the society as we know it will collapse without functional internet. But yea, few of us who are prepared to survive without computers will survive. The rest will probably starve.
Killing the internet or power turns everything obsolete. Killing internet or power is always used as the antagonist. Shut the power & internet off and you will see mass hysteria real quick and your bank account, silver, is worthless too? How do you know how much to value your silver at without internet.
Depends on who has the switch to the internet
The day internet goes down will be the end of globalism, no more surveillance, no more digital oppression, everyone is free once anarchy erupts. It's someone interesting to see how people use this argument against crypto, which would be the last digital system to be affected by outages.
But completely ignoring the fact that nothing would work without internet connectivity, entire big box store chains can go down and force to close just because of a local outage or a server crash in another country these days.
Why are people ignorant to the dangers of centralization, but over worried about the very unlikely scenario of a worldwide outage, alien attack, solar storms, nuclear war etc. all happening at the same time which is the only way worldwide decentralized networks could go down?
So nothing works without the internet. You are one step closer to recognizing the error of your thinking.
One EMP ends all your crypto. I want physical cash backed by valuable metals. Otherwise it's all fiat still Nd useless even if it cant be inflated. Plus one EMP ends a your crypto.