0 sats \ 4 replies \ @DiracDelta 5 Jul 2023 \ parent \ on: Let's hear your controversial Bitcoin take. I'll go first: bitcoin
When you are looking for weird edge cases with a tiny scope, you can simply accept defeat with honor, rather than feigning ignorance as to the legal notion of spirit of the law.
But yes, bitcoin bearer instruments would be what you want in that situation, along with physical supplies. You have to be really dumb to think dollars will hold value so you can trade them after a natural disaster. Be better. Be a bitcoiner. Live like a bitcoiner.
I didnt mention dollars so you must be talking about someone else.
Considering onchain isnt for day-to-day. It couldt be something like opendime. So there will have to be trust involved.
What defeat? This isnt debate to win. Im curious whats your solution for something that happens quite frequently in many parts of the world. I had 8h blackout today. So it got me curious how would bitcoin fix that
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All right, maybe misinterpreted based on barrage of other comments, but check this out.
I forget whether it's on chain or not, but idk why you can't do something similar to Offline Cash with Lightning, or perhaps a not fully trustless Chaumian mint.
https://twitter.com/offlinecashco
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Whats problematic is - you never know in advance when big backout happens. So having amount of trusted or semitrusted notes just in case doesnt seem like viable option.
Gonna ask guys who develop custodial wallets what they think.
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Well, it seems that for emergency preparedness, having food, batteries, bullets etc will be what matters. If you can't move about easily, you might not be able to transact effectively.
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