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so you're saying a black swan event might affect the price? gee well Im glad that doesn't currently happen with USD, CNY, JPY.... you can also use bitcoin like
by RamshackleJ 6y ago
so you're saying a black swan event might affect the price? gee well Im glad that doesn't currently happen with USD, CNY, JPY....
you can also use bitcoin like a physical bearer asset (gold bullion) by using things like https://opendime.com/ https://opendime.com/ so even if the network was 100% down transactions could still happen IRL. You'd just be exchanging a hidden private key that can move UTXO's on the blockchain.
considering that I'd say bitcoin is much more anti-fragile than a bank statement, in most of the natural disasters you're talking about im not so sure banks will be letting you withdraw any significant amount of $