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kec | 2 months ago

In what circumstance could the banking system collapse but leave the electric grid and all other infrastructure which supports the internet intact?

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JuniperMesos|2 months ago

The internet is more resilient than that. I wouldn't want to live in a country where the banking system has collapsed, and one of the reasons is because I expect that this correlates with unreliability of the power grid; but you can run a lot of useful pieces of software on a computer powered by solar panels and batteries in the wilderness with a satellite uplink, including a bitcoin node.

troupo|2 months ago

Ah yes. And everyone in a country that suffers a banking collapse lives in a wilderness with solar power and a sattelite uplink.

immibis|2 months ago

One where the president prints trillions of dollars to bail out his AI cronies.

lazide|2 months ago

Venezuela?

kec|2 months ago

Do Venezuelans _actually_ have much documented usage of crypto, or are they simply using foreign fiat like the USD and Euro?