In what circumstance could the banking system collapse but leave the electric grid and all other infrastructure which supports the internet intact?

▲

JuniperMesos 2 days ago | parent | next [-]

The internet is more resilient than that. I wouldn't want to live in a country where the banking system has collapsed, and one of the reasons is because I expect that this correlates with unreliability of the power grid; but you can run a lot of useful pieces of software on a computer powered by solar panels and batteries in the wilderness with a satellite uplink, including a bitcoin node.

▲

troupo 2 days ago | parent [-]

Ah yes. And everyone in a country that suffers a banking collapse lives in a wilderness with solar power and a sattelite uplink.

	▲	FabHK 2 days ago \| parent [-]
		Yes. And if a country with say 200m people suffered a banking collapse, everyone could do a Bitcoin transaction every 40 days (assuming everyone else stopped using it), and would use only about 1% of the world's electricity. Great stuff.

▲

immibis 2 days ago | parent | prev | next [-]

One where the president prints trillions of dollars to bail out his AI cronies.

	▲	KellyCriterion 2 days ago \| parent [-]
		++1

▲

lazide 2 days ago | parent | prev [-]

Venezuela?

	▲	kec 2 days ago \| parent [-]
		Do Venezuelans _actually_ have much documented usage of crypto, or are they simply using foreign fiat like the USD and Euro?