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56 sats \ 2 replies \ @crrdlx OP 29 Jun \ parent \ on: In what scenario might bitcoin be useless? bitcoin

I understand you here. Certainly, when the internet is gone (Iran, Venezuela after earthquake) and you want to "buy with bitcoin" right then, it's not useful. Doing an satellite tx or "on paper", though technically possible, isn't really practical in an I-need-it-now situation.

To be fair, the same is true for most of the way I purchase things now: credit card or debit. When things go stone age, we go back to sticks, rocks, and chickens.

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6 sats \ 1 reply \ @OT 29 Jun

True.

For extreme circumstances people might revert back to swapping physical goods they need locally.

It would be good if Bitcoin were somehow able to use offline. I think it's a priority too.

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12 sats \ 0 replies \ @teemupleb 30 Jun

If the internet went down, it would come back at some point. Satellites etc. for more coverage. Broadcast the transaction to the ledger then.

Meanwhile, use temporary offline solutions like ecash.

Or in bartering situations when lack of fungibility becomes an issue, people would revert to trust or paper contracts.

Bitcoin is money for the internet. Internet blackouts might still be a thing so gold, silver, copper, lead, food items will still have a role in commerce.

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