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Why do people think that they will have access to the Internet and there will be massive amounts of excess computing power to waste if the world economy collaps
by johnarras 13y ago
Why do people think that they will have access to the Internet and there will be massive amounts of excess computing power to waste if the world economy collapses? Computers and the Internet are luxuries that exist because basic physical needs are met. As soon as the Internet fails for any length of time for a given person, that person will refuse to rely on the Internet for anything until the world economy is back together, if it gets back together. In the event of collapse, it will be necessary to rely on local, physical things rather than the complex, interconnected global system we have now.
- orthecreedence 13y agoAnd without computers, bitcoins will have less worth than sticks and rocks. The community they're talking about can exist, but it's stupid to think it would operate on bitcoin. Isn't that exactly what cash is for? Untraceable, has representation of value but little value itself (besides tinder), easily broken into smaller pieces, etc. Doesn't bitcoin connect them to the very same system they're trying to escape? Cryptocurrency has purpose/value in that it can be easily exchanged with people all over the world fro goods and services. If you're separating from the world, its as valuable as the magnetic strip it's printed on.