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RE: Bitcoin, The Honey Badger Of Money, Shakes Off Russian Attacks To Stop It

in #bitcoin7 years ago

I am all about the bitcoin/crypto revolution, but it's made me question the most basic assumption that is critical for crypto survival - that internet and steady electricity are a forgone conclusion in the future.

I do not believe that anything is guaranteed. We are in a strange blip in history right now and experiencing greater chaos and disruption along with dwindling natural resources. Tell me, if you were living in Puerto Rico right now and had a massive stash of Bitcoin, what good would it do you?

The dependence upon reliable electricity and telecommunications is the Achilles heel of Bitcoin and crypto. I should know - I've torn both of mine! And while I certainly hope this experiment continues for a good long while, I encourage you to entertain this possibility and work on acquiring hard assets and learning hard skills that will persist in the face of technological collapse.