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SVTPerformance's Chain of Restaurants
Road Side Pub
Bitcoin not for Warren Buffet
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<blockquote data-quote="quad" data-source="post: 16415172" data-attributes="member: 17952"><p>The power and internet would have to fail all over the world long term. What do you think is going to happen then? That is a SHTF scenario where guns, bullets, water and food are essentials. All currencies will then be useless.</p><p></p><p>If the power only fails in one or two large countries it would not destroy Bitcoin or some of the other cryptos but certainly cause a disruption or price change. I am not sure how much Bitcoin mining is concentrated in China so this could have an impact if China went offline. But what's the chance of that happening short of a nuclear war or a large asteroid hitting Earth?</p><p></p><p>I know many talk about sending nukes to China because of Covid-19 but that's just talk. I would not want that because it would harm the whole world even more.</p></blockquote><p></p>
[QUOTE="quad, post: 16415172, member: 17952"] The power and internet would have to fail all over the world long term. What do you think is going to happen then? That is a SHTF scenario where guns, bullets, water and food are essentials. All currencies will then be useless. If the power only fails in one or two large countries it would not destroy Bitcoin or some of the other cryptos but certainly cause a disruption or price change. I am not sure how much Bitcoin mining is concentrated in China so this could have an impact if China went offline. But what's the chance of that happening short of a nuclear war or a large asteroid hitting Earth? I know many talk about sending nukes to China because of Covid-19 but that's just talk. I would not want that because it would harm the whole world even more. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Bitcoin not for Warren Buffet
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