The electricity argument?
95% of dollar based transactions are electronic.
If the power goes out—most people are not buying. And…if the power goes out, across the nation for any amount of time we will have much bigger concerns than bitcoin or dollars.
There are lots of arguments to be made about cryptocurrencies….but a power outage isn’t one of them.
There are lots of arguments to be made about cryptocurrencies….but a power outage isn’t one of them.
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Not to you, but It was in the Florida hurricane and EU grid shutdown. Cash only, no CC, no E monies,…..the NC flood wiped out electricity for months in affected areas.
No thanks to E monies, which seem to be springing up like mushrooms in the spring, after a hard rain…..” since the creation of bitcoin in 2009, the number of new cryptocurrencies has expanded rapidly. [1] The UK’s Financial Conduct Authority estimated there were over 20,000 different cryptocurrencies by the start of 2023, although although many of these were no longer traded and would never grow to a significant size.[2]…”
That statement alone says much.