What are the chances that in an environment where the USD is not usable, there is an available network and electricity that makes bitcoin usable?
Users of USD or EUR worried about inflation and getting into Bitcoin are really worrying about the wrong kind of tail risk. Users of other non-hard currencies have more of a point.
https://www.bleepingcomputer.com/news/government/federal-res...
Your take is like claiming a major AWS outage didn’t happen because you personally didn’t get on the Internet that day.
The post you replied to said unstable or high inflation, not unusable. An unstable dollar will not instantly bring about the apocalypse, there are plenty of real life examples of unstable, high inflation currencies. The currencies took years to fully fail.
Not to mention, a few years of hyper-inflation don't even imply that the currency will fail.
In the 70s UK inflation was 10-20%.
that type of inflation is clearly bad for keeping cash, but not going to cause the collapse of civilisation. From about 73 - 80 US inflation was in the region of 10% per year.
Bitcoin is heavily resource intensive. In an environment that is already resource pressed either due to political instability/natural disaster/inflation/whatever, what are the chances that the resources are going to be found that can actually operate bitcoin, and won't be better utilizied elsewhere?
