watts_bar on Nostr: I’m the old man prepper in this situation, except I’ve adopted bitcoin. My older ...

I’m the old man prepper in this situation, except I’ve adopted bitcoin. My older brothers, also preppers, asked what happens to bitcoin if either the internet or electric grid goes down. My answer was: “We prep for the most likely scenario, power outages, weather catastrophes, civil unrest. The greater the catastrophe, the less likely the scenario. A long electric or internet disruption would cripple our government. Which makes the situation highly unlikely. Even more unlikely is the entire world looses power or internet. Even then all we need is one bitcoin node to survive. Every bitcoin node contains the entire blockchain. Every transaction since the genesis block is recorded on an immutable ledger.

Bitcoin transactions have been relayed across the globe via ham radio.

In the event of a global tragedy… yes, we will trade: food, work, money, sex, booze and bullets, but humans are resilient. Society will rebuild quickly. We retain the knowledge to rebuild the electrical and internet grids quickly and bitcoin will be the first money to reemerge. Maybe you should put 1% or 2% of your savings into bitcoin just in case it catches on.”