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10 sats \ 4 replies \ @OneOneSeven 28 May 2023 \ on: Thought Exercise: What if all you had was your seed phrase? bitcoin
Could also hide the words in plain sight, like in a post or substack article...
In a catastrophic disaster do you really think you would have electricity / internet / access to your substack post?
That is totally useless. Bitcoin is useless in such situations.
OMG you people are lost... you have no idea how is to be in a disaster and what should do first.
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To be fair, in my scenario, the “foreign place” where you have landed has not been impacted by the disaster - there is electricity and services here. But your home country is inaccessible.
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So you still have 100% of your bitcoin wealth.
If this wealth is enough to get you grounded wherever it is you ended up, then you get yourself the communications devices you need to use bitcoin, to obtain dirty fiat or whatever, and you make a plan on how you will start rebuilding.
The very first step is to get access to your bitcoin.
You reach out to someone with a laptop and a usb flash drive. You download Tails OS and you boot Tails from that USB flash drive. Tails has an electrum wallet (or you download some other wallet you wish to use).
And then, from there, you then have the ability to buy your own smartphone, laptop + communications devices/services (with bitcoin), or you do a trade for dirty fiat, or whatever, so that you have "currency" that can begin to execute on your plan to rebuild.
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Agreed, I would hope all of what you listed in your first reply is implicit thinking for bitcoiners, your life and family lives/wellbeing are most important, perhaps what leads some to bitcoin anyway
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