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re: What is the contingency for Bitcoin if there is massive internet or power fail?
Posted on 1/30/14 at 3:29 pm to Poodlebrain
Posted on 1/30/14 at 3:29 pm to Poodlebrain
quote:
Banks aren't the only source of cash, and cash isn't the only physical manifestation of money.
What are the others that bitcoin wouldn't also be able to rely on?
Posted on 1/30/14 at 4:50 pm to LSURussian
quote:
In that case, people could write checks on their bank accounts and pay.
A check you say? I will have to look those up and see what they're all about!
Posted on 1/30/14 at 4:51 pm to ocelot4ark
You'd better. Especially if the "shite hits the fan."
Posted on 1/30/14 at 4:52 pm to AUtigerNOLA
quote:
ATM. Or some people that always keep cash on hand.
In a disaster situation, I was assuming there would be no power.
As far as cash...I guess I'm just averse of keeping cash (significant) in the house.
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