RE: Cryptocurrency Might FINALLY Destroy The Global Elite - What If A Global Collapse Happens?

You are viewing a single comment's thread from:

Cryptocurrency Might FINALLY Destroy The Global Elite - What If A Global Collapse Happens?

in financialcollapse •  8 years ago 

Thanks Crypt0 for all of your excellent videos. As a true newb, I'm getting so much out of your excellent work.

The question I have (which I also posted on your YT channel) about the future of cryptocurrencies is what happens in an ultimate SHTF scenario of the power grid and/or cell towers going down? Doesn't crypto rely on there always being electricity and computing power? How are networks safeguarded against these issues? And I wonder if the physical aspect of precious metals is the one overall benefit of their store of value? I'm not rabble rowsing, but wondering if others have figured this out? Keep up the great work. Upvoted & resteemed.

financialcollapse
8 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    2
    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!
    Sort Order:  
  • Trending
    • [-]
      ·  8 years ago (edited)

    Sure crypto relies on electricity somewhat, but imagine a scenario where the electricity is cut. I doubt your first worry is your money or anyone elses for that matter. But there's also projects working on broadcasting the blockchain from space with cube satellites (

    . It doesn't get very technical there, but trust me, everyone asks these same questions when they are getting in, and yes they have been thought out, even if they might not seem that obvious.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      [-]
        ·  8 years ago (edited)

      Sure crypto relies on electricity somewhat, but imagine a scenario where the electricity is cut. I doubt your first worry is your money or anyone elses for that matter. But there's also projects working on broadcasting the blockchain from space with cube satellites (http://nexusearth.com NXS, Nexus coin). Here's a little "humoristic" response to these SHTF scenarios from TVD It doesn't get very technical there, but trust me, everyone asks these same questions when they are getting in, and yes they have been thought out, even if they might not seem that obvious.... Text not showing up thats why this 2nd comment... @.@

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00