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Crypto can work quite ok-ish if the internet goes out. You can still post transactions (effectively issue IOUs with some level of assurance the funds existed i
by mehrdada 5y ago
Crypto can work quite ok-ish if the internet goes out. You can still post transactions (effectively issue IOUs with some level of assurance the funds existed in the wallet at moment you got disconnected, but no protection against double spend), but the confirmations will take a while. Visa is as bad or worse.
When you live in a, for lack of a better word, "shithole country", you don't plan too long into the future; you play it by ear and find a way to live the next day. One thing to note, though, is that once a technology entrenches the black/gray markets in a society, the rulers and their sons and daughters are almost certainly participants too, and that reduces the incentive/ability to shut things down completely.