This is where precious medals come in
RE: What happens to Bitcoin if the internet is shut down?
You are viewing a single comment's thread from:
What happens to Bitcoin if the internet is shut down?
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Definitely. I think it'd be a big surprise too that paper bills would become very valuable, especially at first. ATMs go down, no one has any money, stores still full of goods. We'd still immediately need a way to trade and with atms out, it'd be whoever had bills. In a sustained scenario, the government would need to print a ton of new bills to pay its soldiers and servants and maintain authority.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've read some distopian novels where junk silver (pre-1964 quarters and dimes) and .22 ammo became currency.
"Alas Babylon" is a scary fictional, "Light's Out" by Ted Koppel may keep you up at night...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Toilet Paper, and Booze - cheaper to acquire and will definitely be in high demand in the case of grid-down.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit