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Exactly. The idea that you would even have access to the internet and computers in the event of a governmental collapse is inane. Crypto is posited as a hedge
by puranjay 8y ago
Exactly. The idea that you would even have access to the internet and computers in the event of a governmental collapse is inane.
Crypto is posited as a hedge against oppressive governments, but the people who use it almost always live in countries that offer more freedom and democratic control than anyone ever had in history.
People who are actually oppressed by their governments - the North Koreans and Turkmenistanis of the world - don't even have the infrastructure to buy crypto.
- chrischen 8y agoIt’s not good when the government collapses but it is good for things the government does not sanction: illegal drugs, blackmail, extortion, etc.
- jerguismi 8y agoFull-blown government collapse is quite far-fetched scenario. Infrastructure in venezuela still works at some level, however poorly. Bitcoin works in places pretty well where goverment is crappy but still not that crappy, that you have electricity, internet, etc.