You will have to get used to what happens when electricity is not available. You have no idea what hard times look like. My wife and children are experiencing that in Zambia, with a power drought and an erratic internet. Near-instantaneous is a fragile luxury and will be the first thing to go. So, your options are an empty set.
As it is, Western Union wire transfers are near-instantaneous over long distances, in cash, so that is an option that millions of people are using all the time. You don't have much vision with which to see.
It is easy to transmit nothing...and that is what cryptocurrency is.
I didn't dodge anything. You are living in dreamland. I have been living this year in the world of electronic funds transfer among 4 different currencies where the exchange rates vary by day. I happen to know what "hard times" can look like.
You have no answer to the problem of hard times, so get used to them. Especially if someone gets a worm into the mining centers.
Propose an alternative solution for near-instantaneous long distance transfer of funds for when shit isn't hitting the fan.
The only options I see are fiat, crypto, or nothing.
You will have to get used to what happens when electricity is not available. You have no idea what hard times look like. My wife and children are experiencing that in Zambia, with a power drought and an erratic internet. Near-instantaneous is a fragile luxury and will be the first thing to go. So, your options are an empty set.
As it is, Western Union wire transfers are near-instantaneous over long distances, in cash, so that is an option that millions of people are using all the time. You don't have much vision with which to see.
It is easy to transmit nothing...and that is what cryptocurrency is.
Nice dodge.
I didn't dodge anything. You are living in dreamland. I have been living this year in the world of electronic funds transfer among 4 different currencies where the exchange rates vary by day. I happen to know what "hard times" can look like.
You have no answer to the problem of hard times, so get used to them. Especially if someone gets a worm into the mining centers.
You think those funds clear the moment you press the transfer button? Surely you don't think that.
Edit: and it was a dodge because you didn't propose an alternate solution to the problem I brought up. You simply ignored, i.e. dodged, my request.