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>You're also assuming that telecommunications networks, physical infrastructure, particularly power, are in good working order the same is true of bitcoin, rig
by lmohseni 6y ago
>You're also assuming that telecommunications networks, physical infrastructure, particularly power, are in good working order
the same is true of bitcoin, right? I mean gold will continue to be gold in the absence of power, but will bitcoin even exist?
The most damning critique of bitcoin is that it requires power to be free and infinite.
- andrewjl 6y agoNot necessarily if you are in possession of your own keys. Which admittedly most people today are not. A hardware wallet can be physically transported in the same way gold can.
- lreeves 6y agoThe TSA will seize your phone if you don't hand over passwords and passcodes in many cases, you're saying you think it'd be a good idea to cross the US border with any amount of bitcoin on a hardware wallet? That's... optimistic.
- andrewjl 6y agoYou don't need a hardware wallet if you use the mnemonic phrase feature.[1] https://en.bitcoinwiki.org/wiki/Mnemonic_phrase https://en.bitcoinwiki.org/wiki/Mnemonic_phrase