After the recent outages in Spain etc, which brought commerce to a standstill, I hear the EU has been crowing that if we had the CBDC this wouldn't be a problem, as it will work without electricity.
I have long wondered whether Bitcoin will likewise function without electricity - peer-to-peer by phone etc? And how about Blockstream satellite? My technical knowledge is limited on this subject.
I have long wondered whether Bitcoin will likewise function without electricity - peer-to-peer by phone etc? And how about Blockstream satellite? My technical knowledge is limited on this subject.
How the hell would digital payments(both fiat and crypto) survive without electricity and internet?
How a CBDC could possibly work without electricity and internet? This doesn't make any sense to me.
Even if the payment infrastructure works on a peer-to-peer basis, what happens when all phones drain their batteries and there's no electricity? Solar powered phone chargers might be a solution, but I don't see any solar powered phone chargers where I live.
I'm not an expert, but I think that satellites need receivers on the ground, in order to work, and those receivers need electricity.