I have yet another dumb question.
If the power goes out can you still spend bitcoin?
Yes...you can still use Bitcoin when the power goes out.
Its actually very straightforward...
Its explained here:
https://dumbanddumber.fandom.com/wiki/IOUS
I know there are people who imagine the power going off for all time and hoarding their gold and silver for such a possibility. Most of those folks will die anyway, sitting with their guns and ammo and precious metals in a bunker, because what you will really need in that scenario are Amish farming skills.
The much more likely future scenario is not apocalypse with no one using 19th century tech to keep the lights on, but simply the obvious financial collapse we can all see coming.
No, but if you have it on a private wallet, instead of a public, SEC-regulated exchange like Coinbase, you can carry it around with you on a thumb drive and when in a safe location, prove your holdings to anyone on Earth. The CIA cannot touch this.
It can disappear in a nano-seond. Stay away from that crap.
Bitcoin is safe forever.
If you believe that I have some swampland to sell you.
But, let's say that you can access it.
Will the guy hand pumping fuel, out of his farm tank, accept it, as payment?
Or anyone selling anything, if they have no power, internet or knowledge about BTC?<
Your Amish neighbors, that are the only ones selling any fresh meat, poultry, dairy and produce?
The blackmarketeer, selling the stolen insulin, your daughter desperately needs?
The guy, out in the country, that had the foresight to stock up on guns, ammo, reloading supplies and related stuff?
No thanks.