What about a mass EMP event?
Yeah yeah! That's just the kind of thing predicted by that guy I know who made electronic purchases of gold!
I went through the whole, “What if an EMP” happens.
It is much more likely that an EMP would be a local, not national event. And that means that the internet would not be dead, just knocked out for a while.
Even more likely is a CME, which would blast the who day side of the planet. Again, money in that situation would practically worthless.
Finally, the more I read about EMPs, the less I worry about them. There is a wide range of scholarly work out there. They range from the “its the end of the world” to “Your car will stop, and then start up again—unless it is right over your head.”
So, based on those things...I think its OK to think about future technology. :-)
Oh come on....
Do you get your paychecks direct deposited into your account? Do you have any money in stocks or bonds or mutual funds or a 401K or in a bank account or credit union??????? You do realize that they aren’t actually “holding” any money for you right? All you really have are 1’s and 0’s in a computer somewhere.
How on earth do you plan on getting to any of that after a mass EMP event???
I don’t think anyone ever claimed that bitcoin is absolutely bullet proof against any eventuality. I do think it is as legitimate as electronic “dollars” as a medium for transactions.