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Bitcoin Discussion
Re: This Ukraine issue has me thinking a lot. In a crisis, how valuable is bitcoin?
by
Viscore
on
05/03/2022, 14:16:47 UTC
Quote from: BenjaminGlover on March 02, 2022, 06:46:35 AM
Assume you must evacuate your house during a wartime situation. You don't have any cash, but it's been depreciated owing to previous occurrences.
You, on the other hand, have your phone, hardware wallet, and seeds. You're in a nice mood.
The internet and cellphone networks then fall down.
How do you intend to use your bitcoin? Is it completely worthless?
Seeing a lot of news lately like:
https://mycryptoparadise.com/ukraine-suspends-electronic-bank-transactions-following-its-unrest-with-russia/
If it is that so, you dont have any choice but to use your fiat to buy your needs instead of bitcoin. Unless you're going out on that place, and move to another place where there is an electricity and internet connection.