this post was submitted on 10 Oct 2024
872 points (98.9% liked)

Comic Strips

12577 readers
3633 users here now

Comic Strips is a community for those who love comic stories.

The rules are simple:

Web of links

founded 1 year ago
MODERATORS
 

Author: Tom Gauld

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 month ago (1 children)

The point is that crypto is reliant on you having access to a power source, internet infrastructure, things which will more than likely brown out or collapse if your government collapses.

Can't even attempt to buy or sell things with crypto if the infrastructure goes down.

At least with physical currency of some kind, you can try.

Crypto, stops working when your unstable government's infrastructure goes down.

[–] [email protected] 1 points 1 month ago

Yes in global collapse it would be useless—more useless than coins or paper which you can melt and burn. I imagine a political collapse limited to the US where I am to be a bit slower to where phone, internet, electricity, water etc. wouldn’t go off immediately, but even if they did I hope I could make it to the border of canada or mexico who will likely have internet. From there I’d be a refugee, but potentially one with a bit of bartering power.