๐ฅ๐๐โ๐ ๐๐จ๐ ๐๐ฟ๐ถ๐ฑ๐ฎ๐!๐ฅ
You know what that means: ๐๐ช๐ฎ๐ฆ ๐ต๐ฐ ๐ฃ๐ถ๐ด๐ต ๐ด๐ฐ๐ฎ๐ฆ ๐๐๐! ๐ฅ
This weekโs FUD:
โ๐๐๐๐ฉ ๐๐๐ฅ๐ฅ๐๐ฃ๐จ ๐ฉ๐ค ๐ฝ๐๐ฉ๐๐ค๐๐ฃ ๐๐ ๐ฉ๐๐ ๐๐ฃ๐ฉ๐๐ง๐ฃ๐๐ฉ ๐๐ค๐๐จ ๐๐ค๐ฌ๐ฃ?โ
Youโve ๐ฏ๐ฆ๐ท๐ฆ๐ณ heard that one before, right? ๐
Youโll likely hear it again some day, so be sure to ๐ฏ๐ผ๐ผ๐ธ๐บ๐ฎ๐ฟ๐ธ this!
Hereโs the truth โฌ
Bitcoin does ๐ฃ๐ค๐ฉ rely on the internet. Yes, it uses the internet because itโs the most convenient tool for communication, but Bitcoin can still operate without it.
Bitcoiners are intent on building the money of the future, and that includes preparing for ๐ข๐ฏ๐บ contingency. ๐๐ค ๐ค๐ฃ๐ is more dedicated to keeping Bitcoin up and running than those with skin in the game.
A couple methods for using Bitcoin offline are @OPENDIMEs and @SATSCARDs. These are physical items that hold a private key thatโs linked to a preset amount of sats, so they can be exchanged as easily as paper money.
Other options include radio signals, satellites, mesh networks, and any other communications medium available. Bitcoin transactions are just data thatโs verified by math, so anything that can transmit data can also send bitcoin.
If thereโs a local internet outage, then it will be difficult for some Bitcoin users to send or receive funds. But ๐ฎ๐ ๐น๐ผ๐ป๐ด ๐ฎ๐ ๐๐ผ๐ ๐ต๐ฎ๐๐ฒ ๐๐ผ๐๐ฟ ๐ฝ๐ฟ๐ถ๐๐ฎ๐๐ฒ ๐ธ๐ฒ๐ ๐ธ๐ฒ๐ฝ๐ ๐๐ผ๐บ๐ฒ๐๐ต๐ฒ๐ฟ๐ฒ ๐ผ๐ณ๐ณ๐น๐ถ๐ป๐ฒ, then your bitcoin will be there waiting for you when connections are reestablished.
If an internet outage is somehow global, then we have much bigger problems to deal with. But even then, Bitcoin data can still be transferred by other means, and the whole network can restart from where it left off, once internet service has been restored.
Bitcoin is ๐ต๐ฉ๐ฆ ๐ฎ๐ฐ๐ด๐ต resilient network in history, and itโs growing stronger every day. Internet outages may slow it down a little and be an inconvenience for some, but even that wonโt be able to stop it.
There will ๐ข๐ญ๐ธ๐ข๐บ๐ด be ways to keep Bitcoin running, even in a complete catastrophe. You just need to familiarize yourself with the necessary tools for using it offline. Teaching you about those tools is why Iโm here.
What do you think? ๐
Did I thoroughly bust that FUD?
๐๐ถ๐ธ๐ฒ๐ and ๐ฏ๐ผ๐ผ๐ธ๐บ๐ฎ๐ฟ๐ธ๐ this tweet.
Seen this FUD somewhere recently?
๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐ this with them!
Think you can write a better answer?
Tell me in the ๐ฐ๐ผ๐บ๐บ๐ฒ๐ป๐๐ below ๐
5๐ ๐จ๐๐ฉ๐จ ๐ธ๐ช๐ญ๐ญ ๐จ๐ฐ ๐ต๐ฐ ๐ต๐ฉ๐ฆ ๐ฃ๐ฆ๐ด๐ต ๐ข๐ฏ๐ด๐ธ๐ฆ๐ณ ๐จ๐ช๐ท๐ฆ๐ฏ ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ฏ๐ฆ๐น๐ต 24 ๐ฉ๐ฐ๐ถ๐ณ๐ด!