Re: This Ukraine issue has me thinking a lot. In a crisis, how valuable is bitcoin?

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 used your money or fiat to buy your necessities instead of bitcoin. Unless you're planning to go out on that place, and move to another place where there is an internet and electricity. Bitcoin is still valuable because you can bring it anywhere. It is handy and easy to use. You dont need any documents or ID because it is decentralized.