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Cryptoknowmics 2022-04-26 03:08:48

A Question of Survival: Can Bitcoin Survive a World War?

A world war is a horrible scenario, but one in which Bitcoin could survive. Bitcoin is completely decentralized, which means it will last longer than fiat, even if it is a victim of the conflict. Additionally, fiat will become worthless during a war, as global hyperinflation would devalue it. And if there is an increase in bitcoin price, people would buy it. That is a lot more money than fiat. The design of cryptocurrencies like Bitcoin was to be decentralized, anonymous, and censorship-resistant. These qualities make it ideal as a medium of exchange and store of value in the event of any sort of major disaster or global catastrophe. But how exactly would Bitcoin survive the aftermath of something like World War III? Can We Use Bitcoin During A World War? It’s funny you would ask that because there have been some events in history where governments have forbidden their citizens from using certain forms of currency. But, bitcoin is different because all transactions are recorded on an open ledger called blockchain, making it impossible to censor. And unlike paper currency, no government or entity controls digital currencies like bitcoin. As a result, it can be used almost anywhere globally as long as people accept them as payment. Some countries already recognize bitcoin as legal tender, and other countries appear willing to adopt it in the future. So yes, we believe you can use bitcoins during wartime! Just keep in mind that p...

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