4 ms·
Not all digital systems fail similarly, consider some sort of distributed hub and spoke system that could arbitrate transactions; thus mitigating a single point
by xanth 7y ago
Not all digital systems fail similarly, consider some sort of distributed hub and spoke system that could arbitrate transactions; thus mitigating a single point of failure.
Also consider how much of everything we purchase today is entirely reliant on our digital infrastructure, if there were some calamity that entirely halted our networks I don't think legal tender would be any use.
- sgc 7y agoThere is good reason to have more than 10k in cash to have for your family in case a localized natural disaster or other emergency makes digital transactions impossible where your are, during a crisis. You may well need a transaction larger than 10k in cash for transport etc at that point as well.