The opposite scenario is also true. Government can confiscate your gold and silver if they want. Try crossing a border with 100k in gold and see how far you get.
The EMP argument is extremely farfetched if you ask me and not a good reason to dismiss the entire concept of digital currency, which has lots of good applications.
No one is arguing that Bitcoin can be used at all times under all circumstances - sure, if the government kills the power grid and/or the internet it will cause disruptions but no one will lose their money. It still can't be confiscated and will still be there when the grid is restored.
The opposite scenario is also true. Government can confiscate your gold and silver if they want. Try crossing a border with 100k in gold and see how far you get.
The EMP argument is extremely farfetched if you ask me and not a good reason to dismiss the entire concept of digital currency, which has lots of good applications.
No one is arguing that Bitcoin can be used at all times under all circumstances - sure, if the government kills the power grid and/or the internet it will cause disruptions but no one will lose their money. It still can't be confiscated and will still be there when the grid is restored.