In continuing from my previous post where an expert who invests in cryptocurrencies, Tama Churchouse, explains certain question around Bitcoin. This answer targeted questions about what would happen to Bitcoins if the internet went down.
"When someone buys shares of tech companies like Apple or Netflix, nobody says, "Hey, what happens if the Internet goes down?" No one ever says, "What if the global mobile telecommunications network collapses?" It's really a strange question. But it only seems to crop up when it comes to bitcoin.
For bitcoin to be compromised like that, you would need the entire global Internet to be down. And even then, you still wouldn't necessarily lose your bitcoin. You would lose the ability to transfer it, perhaps. You'd lose the ability to move it from point A to point B. But you wouldn't necessarily lose your bitcoin. It would still be recorded on a distributed ledger somewhere. There would still be a record of it. It's an extremely low-probability event. But, if something like that did happen, I think your bitcoins would probably be the least of your worries."
Hope you enjoy the read and Happy Monday!