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Doesn't that negate the benefit of it not being as printable as central bank notes?

Doesn't that negate the benefit of it not being as printable as central bank notes?

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[–] 0 pt

Well, I did say that you could do that. And that's correct. But what you're talking about is effectively SHTF/End of the World/Apocalypse scenario, really. The resiliency of the internet and cell networks means that it would take more than a local outage to deal with it.

But if the power goes out or you need cash right now, bitcoin is not the currency to use. It relies on certain parts of civilization. But then again, a lot of things do too. So it's not really much different, if you think about it.