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re: What is the contingency for Bitcoin if there is massive internet or power fail?

Posted on 1/29/14 at 5:42 pm to
Posted by LSURussian
Member since Feb 2005
127260 posts
Posted on 1/29/14 at 5:42 pm to
quote:

What is the contingency for Bitcoin if there is massive internet or power fail?

I doubt we will be worrying about bitcoin if something like that happens. Or the dollar. Or euro.
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 1/30/14 at 12:00 am to
quote:

I doubt we will be worrying about bitcoin if something like that happens. Or the dollar. Or euro.
Why do you say that? There have been extended power outages and communications interruptions affecting limited areas in the aftermath of storms, earthquakes and other natural disasters. Bitcoins, or any digital currency, are useless in such circumstances, but cash will still have value and utility.
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