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They're not saying that bitcoin is sophisticated (it's not), but the entire backbone of the internet is. In some post-apocalyptic dystopia, people aren't going
by three_seagrass 6y ago
They're not saying that bitcoin is sophisticated (it's not), but the entire backbone of the internet is.
In some post-apocalyptic dystopia, people aren't going to be using their phones and laptops to make payments with bitcoin, they're going to use whatever is backed by the local authority.
- csomar 6y agoVenezuela/Brazil/North-Africa disagrees with this.
- three_seagrass 6y agoOver half the transactions in Venezuela are in US Dollar cash now, not Bolivar or Bitcoin. That's not an example of a dystopia switching to Bitcoin.
- nostrademons 6y agoMesh networks over HAM radio, to tie it back to the article. ;-)
- zelly 6y agoHam radio fixes Bitcoin
- three_seagrass 6y agoThat requires electricity, which is spotty in a dystopia. Best to stick to encrypted smoke signals.