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What is the contingency for Bitcoin if there is massive internet or power fail?
Posted on 1/29/14 at 4:52 pm
Posted on 1/29/14 at 4:52 pm
You have no access to your currency.
i.e. the shite hits the fan one day. Would be better to have your hands on real assets like gold, no?
i.e. the shite hits the fan one day. Would be better to have your hands on real assets like gold, no?
6
Posted on 1/29/14 at 4:53 pm to Cosmo
you just ask for it back later i think
Posted on 1/29/14 at 4:58 pm to Cosmo
about the same as your money in a bank or mutual fund.
Posted on 1/29/14 at 5:35 pm to Cosmo
quote:
Would be better to have your hands on real assets like gold, no?
If it's that bad just invest in canned goods. You'd be better off - they are easier to exchange for stuff and everyone will want them.
Posted on 1/29/14 at 5:42 pm to Cosmo
quote:I doubt we will be worrying about bitcoin if something like that happens. Or the dollar. Or euro.
What is the contingency for Bitcoin if there is massive internet or power fail?
Posted on 1/29/14 at 5:47 pm to Cosmo
quote:
Would be better to have your hands on real assets like gold, no?
If we're at that point, then:
Weapons > Any mineral or metal
Posted on 1/30/14 at 8:06 am to Cosmo
I think "massive" and "shite hits the fan" need a little more definition. Are we talking hurricane hits and no power for 2 weeks? Or are we talking apocalyptic type outages?
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