In addition, all over the world, bitcoin is becoming a popular choice for cross-border transactions. It's typically far cheaper, more transparent and just as convenient as traditional wire transfers.
Some digital currency can be removed from the grid. It's about private codes, which is why those types of currency are also called crypto-currency. So you can, and most people who have a lot, do, print your codes onto paper, store them somewhere such as a safe deposit box, and poof, you're off the grid.
In the case of something like an EMP that brings down the grid for some time, who knows? My assumption is that it's more like the power going out... you're out of luck for a while, but when it's turned back on, most of your data is still there somewhere.
But in the case of an EMP than brings down the grid, you've frankly got a lot more severe problems than whether or not your retirement savings have been lost.
Phone minutes....ok?
I’m on a small island right now. The internet is sketchy at best, Wireless is even worse. (perhaps not unlike many 3rd world countries)......could get kinda tough to do daily purchase transactions with bitcoin? Probably a good way to lose weight.
To be clear, I am not a fan of any fiat currency. No fiat currency has ever survived in holding value. I suspect that digital currency will provide a wealth of opportunity for screwing the proles out of their meager savings.
I think a total economic/currency collapse is far more likely than an EMP attack. The shit storm will be very painful for many. Frankly, I don’t have a retirement savings account.
I believe hard assets: AU, AG, PB and tillable soil
I guess time will tell.