Nostr Web Client

I love the argument of “if the internet goes down tomorrow, so does your bitcoin!”.

If the internet goes down tomorrow, how are you getting your cash out of the bank? Do you print daily paper statements to prove your balance? Are they going to let you into the vault and say “yes sir right away sir!” when you ask them for all of your money? (hint: they won’t even do that now)

How much cash do you have at home? Better yet, how much gold? Sounds like you’re just as fucked as I am if the internet goes down 😂😂😂 #Bitcoin

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Discussion

Vivi Nella Verita 11mo ago

So banks always needed electricity to give you money? They will go back to the old ways

And there is checks

alex 11mo ago

When you go to ask for all of your money, how will you prove your balance? And will they just give you all of your money if say, you’re asking for $10,000? While everyone else also wants their money?

Vivi Nella Verita 11mo ago

It will work as it did before computers. However that was.

alex 11mo ago

Yes for sure. Not arguing that they can go back to the old ways. But the day the internet goes down, do you have paper statements at home in a box to go to the bank and prove your balance? If not, then everyone who doesn’t will essentially have $0 if you can’t prove your balance, or if you have zero cash at home.

Vivi Nella Verita 11mo ago

That will be worked out. Banking will revive somehow unlike crypto

alex 11mo ago

Well my question is how will that be worked out if hypothetically, the internet is gone for good? Sure, everyone can start from scratch and make more money again, but whatever you had before, if it was all online, might as well be gone. My overall point is that everyone is just as f’d as everyone else if the internet goes down. We as a species will always find a way, so on that I don’t disagree with you 💯