Post
Topic
Board Economics
Re: What happens when there is NO electricity? How does one trade with BTC?
by
cheann20
on 28/06/2018, 16:35:15 UTC
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?



Well, we all know that It is hard to work when there's no power or electricity . Of course how will you use your cellphones, computer, laptop and other electric things that you use on trasding when they don't have battery,right? So for me, I better suggest that you can ask for some help to those who have powerbank or generator and able to get your money and use it. And also, you can use it in able for your parents or family to get secure and able to sustain your personal needs and of course your family needs. And many people can also help you and lend you some more money in able to use for emergencies and of course you can pay it when electricity come back and you will gain electricity and also a lot of money..