Great Awakening needs to hear this… because THIS is CRUCIAL to the GREAT AWAKENING!
(media.greatawakening.win)
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You can still transact with local nodes without internet, problem is if its down for a long time and everywhere. The real issue is that the government at any point even local government can deem bitcoin not a currency. If anything, its been permitted, for now, to continue.
Ok, how much? How much phantom wealth can I convert into yachts and Porsches without the networks approval?
This is a hypothetical right? Where its just internet down? There are still many ways and it depends on if the vendor is setup to receive/send that way too. For instance, satellite API, SMS, mesh network etc are alternatives. I wouldn't bank on this being stable now but thats where the future is heading with this tech. There will be redundancy
There is some dollar value that is going to require validation of the entire chain. I assume we can agree on that. My position is that that value can and will fluctuate with the geopolitical situation. Given that it has no physical manifestation, it's value can easily be made 0.
With geopolitical or just local policies, yes. I stated that above in which governments can deem it worthless overnight.