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I don't understand your comment. Is there a meaningful difference between having "access to your wallet's funds" and being able to "transact"?
by rideontime 5y ago
I don't understand your comment. Is there a meaningful difference between having "access to your wallet's funds" and being able to "transact"?
- cinntaile 5y agoWell the parent claimed they would be rendered penniless. If you're temporarily unable to transact you're not penniless.
- toyg 5y agoYou "just have a cashflow problem", or are "temporarily embarrassed for money". In other words, you broke.
- zhynn 5y agoOr put another way, you are temporarily penniless. As long as that situation persists (which you may have no control over) you are penniless. You will rely on the charity or labor wages for resources in whatever local currency is used.
- zzzeek 5y agoplease read the linked article and rebut what they are saying. > Both sides of the Bitcoin network would carry on working (although if there was an unequal divide, one side might be slowed so much that it became unusable). Let’s imagine this carried on for a few days or weeks before connections were properly restored. At this point we would have two divergent “branches” of the blockchain, which is not allowed. By design, there is no way to merge the branches, and Bitcoin will simply pick whichever of the two branches happens to be the longest. For the unlucky half, all transactions that happened during those days or weeks of network partition would be erased.
- cinntaile 5y agoI have already replied to this in a child comment to your original comment. Cutting off the internet is not realistic, there are ways around it.