OpenRuby.com

03 Dec '12, 1pm

How do you access your #bitcoin funds when the government shuts down the internet? (Answers in comment section)

The question, "how do you access your funds when the government shuts down the net?" applies to ATM networks and traditional banking just as much as it does to Bitcoin. In fact, I just had a problem withdrawing funds from a Bank of America account not too long ago because their regional server had blown a gasket. Bitcoin even has some advantages here. While it's true you need net access to transfer funds, the client doesn't need global internet access to operate. Two parties can exchange coins on a local network without having to see other clients in foreign countries. It's just that it may take longer for the transaction to process since there are less miners and clients available to process the transaction. Of course, purists will point out that gold or cash doesn't need any power to operate, to which I say, try and ram your gold down a transmission wire. Gold has its pl...

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