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> Can you use bitcoin without the internet? Can you use bitcoin without someone else mining and being allowed to connect to these entities? The answer to both
by duskwuff 7y ago
> Can you use bitcoin without the internet? Can you use bitcoin without someone else mining and being allowed to connect to these entities?
The answer to both is, simply, "no".
All cryptocurrencies (not just Bitcoin) are incredibly reliant on the availability of unrestricted communications between all participating parties, including miners. Where those communications break down, the cryptocurrency is likely to become unreliable or entirely unusable.
(As such, Bitcoin is an incredibly poor choice if you're planning for some sort of apocalyptic scenario -- it's likely to be one of the first things to stop working.)
- unhashable 7y agoThis is true. Bitcoin is more of bet that Keynesian monetary policy fails. It doesn’t hedge for Armageddon. Planning for a collapse of world order involves small coins, farmland, prepping pantries, home schooling, and firearms. Hey, I’m all for individual sovereignty!