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To: BenLurkin

Yes...you can still use Bitcoin when the power goes out.

Its actually very straightforward...

Its explained here:

https://dumbanddumber.fandom.com/wiki/IOUS


7 posted on 03/11/2024 12:41:25 PM PDT by suasponte137
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To: suasponte137

YOU might be able to utilize it. The guy who has goods you want might not so, and he’s probably looking for something physical or utilitarian for giving up his goods.

I have yet to sway from my long held notion that crypto only has value in a functioning society.


44 posted on 03/11/2024 2:52:57 PM PDT by It Aint Easy
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To: suasponte137

Anyway, the whole point of bitcoin is not to walk around and spend it like it’s a debit card. If the power goes out, and it’s the end of the world as we know it, it’s there to rebuild your life when the power comes back on. Also it’s doubtful that the power goes off in the entire world at one time. So you arrive in Argentina, or wherever, and walk into a bank and use your bitcoin. You don’t even need any card, if you memorize the key, you can leave the country with all your bitcoin without any physical thing they can search for and find.


45 posted on 03/11/2024 3:11:30 PM PDT by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2024... RETURN OF THE JEDI. )
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To: suasponte137

I don’t see anything there.


50 posted on 03/11/2024 3:36:50 PM PDT by Eagles6 (Welcome to the Matrix . Orwell's "1984" was a warning, not an instruction manual.)
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