Re:When Bitcoin miners take over a town (2018)
by asenna on Sunday February 21, 2021 @04:18PM
(#26217305)
> You're making the bold assumptions that landlords or grocery stores accept bitcoin in those countries.
The parent is clearly not making that statement.
Parent said ".. they will sell an amount of Bitcoin" which can be done either through exchanges or just as easily peer-to-peer through platforms like LocalBitcoin. If you have Bitcoin in a scenario like that, most definitely will not be a problem.
Re:When Bitcoin miners take over a town (2018)
by ChuckNorris89 on Sunday February 21, 2021 @04:49PM
(#26217586)
>If you have Bitcoin in a scenario like that, most definitely will not be a problem.
Until the regime decides to cut off access to crypto exchanges or the whole internet country wide. Good luck cashing out your bitcoins then.
Re:When Bitcoin miners take over a town (2018)
by wyre on Sunday February 21, 2021 @06:50PM
(#26218586)
If a regime is cutting off internet country wide that is a problem larger than bitcoin.
Re:When Bitcoin miners take over a town (2018)
by ChuckNorris89 on Monday February 22, 2021 @04:30AM
(#26222464)
Pretty sure if you have your money tied into bitcoin, as the people above suggest as the killer use of BTC, then having your internet cut off easily becomes your biggest problem.
How else are you gonna spend your crypto to buy food or pay for shelter or pay for travel or smugglers to get you out of the country?
Crypto would be great if it could be used 100% offline, like tap your phones via NFC, and boom, coins transferred, here's your bread.
Do they really? Or are you fantasizing a Cyberpunk future where they would?
Because fantasies are cheap, but food and shelter is not, and the ones who make the bread might be more into the cash in hand right now rather than waiting for your BTC transaction to clear.