Replying to Avatar Ben Arc

Just how useful digital payments (including bitcoin) are in a war scenario with limited Internet access breaks my maxiness.

Sure keep little bottles of liqueur and cigarettes for bartering, but having stash of cash is prob a good play. In an unstable world can we afford to not have physical currency?

https://www.theguardian.com/world/2024/oct/30/sweden-and-norway-rethink-cashless-society-plans-over-russia-security-fears

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Chiefmonkey 1y ago

Does it have to be physical?

We transact ecash offline

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Ben Arc 1y ago

You can't, unless you have an exorbitant amount of trust in the people you're buying from. Weird how this misconception seems to be so widespread.

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Chiefmonkey 1y ago

Trust like trusting someone writing you a cheque

Minibits (on my Android) has a nice feature whilst offline for sending sats in exact ecash denominations

Whilst offline (on my iOS) I’m using https://wallet.cashu.me/ to scan qr code… it recognises it and sticks it in a queue for later… when I get online I can redeem it

If the sender hasn’t reverted it, or cancelled the cheque, not ideal but possible

Among a local community there would be more trust… I’m thinking in an extreme scenario

Then there’s interesting things such as this https://offline.cash/

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Ben Arc 1y ago

With that level of trust just write and sign some ious. It's in no way a valid replacement to physical cash

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Rand 1y ago

depending on the community maybe?

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Ben Arc 1y ago

What would you actually rather have, $1000 cash, or $1000 sketchy ecash you can only use between a few people you really really trust, then have to onboard all outside recipients (soldiers, officials, someone from next town, etc)?