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by JoshTriplett 4041 days ago
> Yeah, I pretty much can't imagine a situation where I would lose the money in my bank account but at the same time my bitcoins would be safe.

I can imagine such situations, but they're the kind where you're more worried about your stockpiles of ammunition and canned goods, not bitcoins. Short of total economic failure, banks are "safe" in well-defined ways.

(On the other hand, erosion of wealth in traditional currencies due to inflation is just as real as fluctuation of wealth in cryptocurrencies.)

1 comments

In those situations I would not call my bitcoins safe. If I'm in physical danger, my possessions and passwords are in danger too.
Fortunately, reliable TCP/IP networking and chip foundries producing ASICs are expected to remain readily available in the post-apocalyptic Mad Max gasolinepunk future.