We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
I really agree with your writing. bitcoin is very beneficial for people who have it. the benefits of bitcoin in my opinion very much. when compared to banks, bitcoin will be better than the bank. By saving or investing in bitcoin, you will receive more profit. and in an emergency, bitcoin is indeed much more efficient and easier in all transactions. and in a very urgent case, you can take it by converting into your daily currency. I hope the news as in Puerto Rico does not happen in our country.