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What if the government shuts down internet access ? Then how do you buy bitcoins? Or sell the ones you have for a local currency? I don't see how Bitcoin is a
by kitcar 9y ago
What if the government shuts down internet access ? Then how do you buy bitcoins? Or sell the ones you have for a local currency?
I don't see how Bitcoin is a great solution here when it depends on utilities managed by the government for its liquidity...
- bsaul 9y agoMove all your savings from your bank account into bitcoins ( as long as you have à internet access, that's correct). Then all you need is to store your wallet in a secured cloud storage. Once internet is completely gone of course all you're left with is buying diamonds or gold, put as much as you can in your luggage and just run.
- Filligree 9y agoNot diamonds. Thanks to debeers, they're far more expensive to buy than their resale value would be. (The resale value is closer to fair, at that. Diamonds aren't actually rare.)