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Replying to Avatar strawberry_frog

I have some hypothetical questions to #asknostr - coming from someone who grew up in the digital age, but is still learning to use modern technology 😅😆

If the USD collapses and currency/economies around the world are affected, we still have crypto currency. But what happens if the grid also goes down? How does that affect digital currency? Would you have your hands tied unless you had access to internet somehow? Would people still be able to use Starlink and have an internet connection for example?

I’m pretty new to crypto currency, and I’m trying to learn to be more tech savvy, so I’d love it if someone could dumb it down for a #newb

#nostr #nostrnewb #crypto #digitalcurrency #starlink #dollarcollapse #gridcollapse

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Companion 1y ago

We'll have bigger problems if the IT infrastructure goes down. Big companies wont even take cash if their POS (point of sales) system is down. There is no redundancy for a majority of main places. Not enough cash to go around to satisfy the market.

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strawberry_frog 1y ago

Oh that’s a good point!

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